CLERMONT-FERRAND, France — Group Michelin's revenue for the first three months of 2020 fell 8.3% to $5.8 billion, as unit sales dropped 11.7% amid the COVID-19 pandemic-induced economic downturn.

MILAN, Italy — Pirelli & C. S.p.A. shareholder Camfin S.p.A. is evaluating a partnership with Chinese rubber magnate Niu Yshun to increase its stake in the Italian tire maker's shares.

AKRON — A Goodyear shareholder with a proposal up for consideration at the company's virtual annual meeting April 6 claims he was not permitted to present it. Now he wants shareholders to vote again.

SEOUL, South Korea — Hankook Tire & Technology Co. Ltd.'s board of directors has authorized a plan to buy back up to $43 million of the company's stock and boost the stock dividend in an effort to enhance shareholder value.

NEW YORK — Automotive suppliers and manufacturers are among the industries most likely to feel the economic impact from the coronavirus outbreak, according to a new report from Moody's Investor Services.

HANOVER, Germany — Continental A.G. is postponing its 2020 annual shareholders' meeting originally planned for April 30 in the wake of Lower Saxony's decision to ban large events in response to the Covid-19 pandemic.

KUALA LUMPUR — The growth in demand for and production of natural rubber is slipping, prompting the the Association of Natural Rubber Producing Countries to revise downward its 2020 global outlook for natural rubber.

NORCROSS, Ga. — The Mighty Auto Parts franchise network generated record annual sales last year, for the seventh consecutive year, according to franchisor Mighty Distributing System of America.

ROME, Ga. — Pirelli Tire North America L.L.C. is planning to increase prices in the U.S. for car and light truck tires.