7 hours ago
Tire maker Michelin to close plant in central Mexico, newspaper reports
MEXICO CITY, June 9 (Reuters) - Tire maker Michelin is set to close a plant in the state of Queretaro in central Mexico by the end of this year, newspaper Reforma reported on Monday, citing a statement from the company's local unit.
The decision was a last resort, prompted by changes in the passenger car and light truck tire market, Reforma reported. It would affect some 480 employees.
Reuters was not able to independently verify the report and the company did not immediately respond to a request for comment.