PARIS — Group Michelin posted a 2% increase in sales for the first nine months of 2023 despite 3.6% lower unit sales volumes. Sales revenue rose to $22.9 billion due in large part to a 7.2% gain from ...
Volumes were down 7.3% due to lower OE sales in all segments, prolonging the trend observed in second-half 2024. The 2.5% positive mix effect reflected the favorable OE/Replacement mix, offer ...
PC/LT tire markets were stable vs. 2022 as robust OE demand in most regions offset slightly negative RT demand dampened by destocking in Europe and the Americas. Demand for 18-inch and larger tires is ...
Michelin today completed the sale in accordance with the terms announced on December 6, 2024, after obtaining all the necessary approvals for the transaction. This program includes two plants, ...
PARIS — Despite operating in a "chaotic environment impacted by a combination of systemic crises," Michelin Group generated "solid" fiscal 2022 results — a 14.5% improvement in segment operating ...
Michelin and Sumitomo announced a joint venture in North American wholesale and retail tire sales. This is an area within which Michelin has historically struggled. Rather than further build out its ...
Gourmets are most familiar with Michelin as distributors of those coveted restaurant stars, but keen drivers will know ...
PARIS -- High raw materials costs and a strong euro hit sales at Europe's biggest tire maker Michelin in the third quarter and will push down its operating margin slightly for the full year. Michelin, ...
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