Titan International Inc. Chairman and CEO Morry Taylor says Titan is still in talks to buy certain assets of Goodyear Tire & Rubber Co.'s ag tire business in Europe, including a tire production plant in France.
Titan signed a letter of intent in late September 2009 to purchase the assets.
The non-binding agreement is subject to Goodyear Dunlop Tires France's completion of a "social plan related to consumer tire activity" at the Amiens, France, plant, "along with completion of due diligence, a definitive acquisition agreement and other standard acquisition approval requirements," Titan officials said at the time.
Titan acquired Goodyear's United States farm tire business several years ago.
