Greenville, South Carolina -- Michelin North America Inc. and China Manufacturers Alliance (CMA) LLC have settled the intellectual property lawsuit the Greenville-based tyre maker filed against CMA.
The US settlement follows a resolution between Michelin and Shanghai Tyre & Rubber Co. Ltd., which recently changed its name to Double Coin Holdings Ltd., on â€œmultiple intellectual property litigations in various countries,â€ Michelin said.
As part of the settlement, Shanghai Tyre and its affiliates-which include CMA, the company's wholly owned US sales and marketing unit-agreed to change the tread patterns on certain Double Coin and Dyna Trac brand tyres. The companies also removed versions of Michelin-copyrighted content from their Web sites, Michelin said.
Terms of the financial settlement were not released.
From Tire Business (A Crain publication)