Michelin offering $1.3M racing prize

ERJ staff report (TB)

Le Mans, France – Group Michelin is offering a $1.3 million prize next year for the race team that can win the 2014 Le Mans 24-hour endurance race while meeting a series of performance and fuel- and tire-saving benchmarks, reports Tire Business.

Michelin said it sees the prize, dubbed the Michelin Total Performance Award, as a means to speed up innovation. The prize is intended to be passed on by the winning team or car maker to a research institute of its choice…

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