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It is reported that Michelin and Nexans began to discuss the possibility of alliance in the fall of 2011, but in December of that year, Nexen said that the two sides did not reach a cooperation agreement.
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Michelin or Nexans Tire Alliance
According to French media reports, Bloomberg reported that French tire manufacturer Michelin and Nexen may be negotiating on the alliance, and Nexans was already in 2012. On the morning of the 8th, the authenticity of the news was acknowledged. However, as of now, Michelin has not yet acknowledged that the parties are negotiating.