SEOUL - Hankook Tire Manufacturing Co. has signed a $100 million contract with Ford Motor Co. to supply 550,000 tires each year over the next five years.
The tires will be used on Ford's F-150 pickup.
Hankook already supplies Ford with tires for the Escape and Focus. Hankook tire sales to Ford will increase to 1.3 million units this year, from 800,000 last year, according to Dow Jones news service.
Hankook Tire is South Korea's largest tire maker.