Michelin North America Inc. and American Honda Motor Co. Inc. have reached a settlement in a class-action lawsuit involving run-flat tires. The settlement was announced on Monday, January 29, 2008 in a filing in the US District Court in Greenbelt, Maryland. Terms were not disclosed. The settlement awaits the judge’s approval, which is scheduled for January 14. The case involved Michelin’s PAX run-flat tires installed on Honda Odyssey vehicles. The suit alleges that the companies failed to notify consumers that the tires do not last as long as conventional radials tires and cost more to repair and replace.
January 1, 2009
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