Michelin wants to replace Goodyear

Michelin, through its B.F. Goodrich subsidiary, has expressed official interest in becoming a tire provider for the major NASCAR series, but the ruling body’s chief operating officer, George Pyne, said, “Nothing is imminent." Pyne said any change in tire providers would not occur within the next two years, stressing that NASCAR was “loyal to Goodyear." The tire company’s stock was trading at $11.87 per share on Friday, below the $20 at its 2002 high, but better than most of the years since. J.P. Morgan recently upgraded its investment rating for the company, which announced in February it was projecting a 2005 fourth-quarter profit. Gaston Gazette

Social Media Auto Publish Powered By : XYZScripts.com