Michelin to Close Three German Plants by 2025

Michelin said budget truck tire competition forced restructuring that includes its Karlsruhe, Trier and Homburg facilities.

Published: November 29, 2023

Michelin will gradually cease production at its Karlsruhe and Trier sites in Germany, as well as the new tire and semi-finished products manufacturing of Homburg. Michelin said it also will transfer the Customer Contact Center from Karlsruhe to Poland. A total of 1,532 employees are impacted by these operations, which are meant to be completed by the end of 2025, according to Michelin.

“This decision is linked to the growing competition of budget truck tires, and the lack of competitiveness of our German operations for our European and export markets,” Michelin said in a statement.

Michelin said it will record a provision of approximately 425 million euros (approx. $467,119,625) in its consolidated financial results for the year 2023.

Yokohama Rubber partners with Haupt Racing Team

Yokohama Rubber said it is aiming for victories at the Nürburgring 24-Hour Race and Nürburgring Langstrecken Serie (NLS) with Advan tires.

By Christian Hinton

Published: April 24, 2024

Yokohama Rubber has signed a partnership agreement with Mercedes-AMG Customer Racing’s Haupt Racing Team (HRT). As part of the Advan Challenge that seeks to maximize sales of Advan tires, Yokohama Rubber said it is aiming for victories at the Nürburgring 24-Hour Race and Nürburgring Langstrecken Serie (NLS) by supplying its Advan racing tires for the Mercedes-AMG GT3 being entered in those races by HRT.