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In 2018, Michelin North America and Sumitomo Corporation of Americas combined their respective North American tire distribution and related service operations in a 50–50 joint venture agreement, creating National Tire Wholesale (NTW).
Michelin operates tyre retail and distribution in Europe under Euromaster and Blackcircles [40] brands, and in the US with its wholly owned subsidiary TCI Tire Centers. [41] TCI tire centers was folded into NTW, when Michelin partnered with Sumitomo to form the entity. [42] The company also manages its own e-commerce store, michelinman.com.
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The tubeless tire eliminate the need for an inner tube, which improves performance and safety, as well as enhanced comfort for the car's occupants. [5] BFGoodrich produced the first radial tires in the United States in 1965. This innovation made tires even safer as radial tires have longer tread life and permit better absorption of road bumps. [6]
In marketing, a rebate is a form of buying discount and is an amount paid by way of reduction, return, or refund that is paid retrospectively. It is a type of sales promotion that marketers use primarily as incentives or supplements to product sales. Rebates are also used as a means of enticing price-sensitive consumers into purchasing a product.
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Nokian Tyres' three principal activities are the manufacture of passenger car tyres, heavy commercial tyres, and retail tyre sales. [24] As of 2008, Nokian is the most profitable tyre manufacturer in the world, [25] [26] at up to 18% earnings (before taxes and interest) relative to sales, compared to 14% at Bridgestone, 8% at Michelin, and 9.6% at Continental.
A run-flat tire is a pneumatic vehicle tire designed to resist the effects of deflation when punctured, allowing the vehicle to continue to be driven at reduced speeds for limited distances. First developed by tire manufacturer Michelin in the 1930s, run-flat tires were introduced to the public market in the 1980s.
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