PARIS (Jan. 31) — Volvo Group has renewed a long-term truck tire supply contract with Group Michelin, covering the company´s Volvo Trucks, Volvo Buses, Renault Trucks and Mack Trucks businesses in Europe, South America and North America.
The contract renewal, signed Jan. 26, consolidates Michelin´s position as Volvo Group´s worldwide largest volume tire supplier. Financial terms of the deal were not disclosed.
The renewal extends a contract originally signed in December 2003. Volvo sells more than 100,000 trucks and 8,000 buses annually.