SEOUL, South Korea (May 28)—Hankook Tire Co. Ltd. said it will provide its V-rated Ventus K105 ultra-high performance tire to Ford Motor Co. for the Ford Mondeo mid-size sedan in Europe.
The $24 million, three-year contract calls for about 140,000 tires a year for the vehicle in Europe, Hankook said.
With the addition of this contract, Hankook said it will supply 2.17 million tires, valued at about $40 million, this year to Ford worldwide.