By Patrick Raleigh, ERJ On-line news editor
Osaka, Japan-Groupe Michelin is to licence its PAX System runflat tyre technology to Toyo Tire & Rubber Co. Ltd of Osaka. The Japanese fim becomes the fourth PAX licencee after Pirelli SpA, Goodyear and Sumitomo Rubber Industries Ltd.
Under the deal, Toyo gains rights to produce and market PAX systems for passenger cars and light trucks in OE and replacement tyre markets in Japan.
Toyo has been developing its own run-flat tyre, based on a reinforced-sidewall system-a technology, which is being…