Budd–Michelin rubber-tired rail cars Budd–Michelin rubber-tired rail cars The Budd–Michelin rubber-tired rail cars were built by the Budd Company in the United States between 1931 and 1933 using French firm Michelin's "Micheline" rail car design. Michelin built its first rail car in 1929, and by 1932 had built a fleet of nine cars that all featured innovative and distinctive pneumatic tires. In September 1931, an agreement signed between the two companies allowed Budd to use the new rubber rail tires on its shot-welded, stainless-steel carbodies, and at the same time allowed Michelin to expand into the American market. After building two demonstrators in what
Sumitomo Rubber Industries businesses, which were separately owned, but in 1986 Sumitomo also acquired the Dunlop Tire Corporation of the US from its management. In 1997, Sumitomo formed a joint venture with Goodyear Tire and Rubber Company, by which Goodyear and Sumitomo agreed to manufacture tires for each other's markets, including Dunlop branded tires. As part of the agreement, Goodyear acquired 75% interests in Dunlop Tyres, the UK company which Sumitomo had formed, and in Dunlop Tire Corporation. Goodyear and Sumitomo also made investments in each other. On 14 February 2014, Goodyear announced its intention to dissolve its partnership with Sumitomo due to