Budd–Michelin rubber-tired rail cars which featured innovative and distinctive pneumatic tires. The company claimed that its application of tires on its rail cars afforded both a substantially more cushioned ride and increased the cars' traction by 35%. The design of Michelin's tired wheels included an aluminum safety ring and a flange that were only used in the event of a puncture or other type of tire failure; during normal operation, only the rubber tire made contact with the rail. Inspired by Michelin's success, the Budd Company set its sights on marrying the new rubber rail tires with its shot-welded, stainless-steel carbodies; it had developed
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