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Hankook Tire to Supply Tires to Mercedes-Benz -Report

Date : 07/03/2012 @ 8:51PM
Source : Dow Jones News
Stock : Daimler AG NA O.N. (DAI)
Quote : 67.41  2.11 (3.23%) @ 11:29AM
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Hankook Tire to Supply Tires to Mercedes-Benz -Report

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South Korea's Hankook Tire Co. (000240.SE) has signed a contract to supply tires to Germany's Mercedes-Benz, the Korea Economic Daily reported Wednesday, citing unnamed industry sources.

The deal materialized after two years of negotiations with Daimler AG (DAI.XE), the parent company of Mercedes-Benz, the report said.

The South Korean tire maker aims to have its tires in all Mercedes-Benz models, the report added.

Write to djnews.seoul@dowjones.com



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