Tiremakers Buoyed by Europe Snow Rules Seen Skirting Slump: Cars
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Michelin & Cie., Continental AG and other European tiremakers, already steering clear of the region’s debt crisis, got an early Christmas gift this week when Luxembourg made snow tires mandatory on the duchy’s roads.
More good news may be on the way with Poland, Turkey and Belgium also considering requirements that drivers buy tires for snowy roads and the European Union discussing standardized winter-tire rules. The moves would give the industry another hedge against the volatility plaguing carmakers.