Michelin was incorporated on 28 May 1888. In 1891, it took out its first patent for a removable pneumatic tyre.
Michelin has made a number of innovations to tyres, including in 1946 the radial tyre (then known as the "X" tyre). It was developed with the front-wheel-drive CitroŽn Traction Avant and CitroŽn 2CV in mind. Michelin had bought the then bankrupt CitroŽn in the 1930s. As of August 2008, this tyre is still available for the 2CV.In 1988, Michelin acquired the tyre and rubber manufacturing divisions of the American B.F. Goodrich Company founded in 1870. Two years later, it bought Uniroyal, Inc., founded in 1892 as the United States Rubber Company. Uniroyal Australia had already been bought by Bridgestone in 1980.
As of 1 September 2008, Michelin is again the world's largest tyre manufacturer after spending two years as number two behind Bridgestone. Michelin produces tyres in France, Germany, USA, United Kingdom, Canada, Brazil, Thailand, and several other countries.