In the last couple of weeks, we have heard announcements from Michelin and Sumitomo that they are closing passenger car tire plants in Europe and the United States, respectively. In this article, we examine some of the causes of those closures and what it might mean for the future.
What is covered in the Full Insight:
Introduction to Trends in the Tire Industry
Premium Brands' Strategic Shift
Factory Closures and Market Impact
The Rise of New Players
Future Outlook and Analysis
SUMMARY
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