Michelin tyre
Tyre maker Michelin to close two French plants by 2026
MICHELIN will close two factories in France by early 2026 affecting about 1,250 jobs, the French tyre maker said on Tuesday (Nov 5), the latest cutback in a European auto industry battling subdued dem...
Michelin pauses some French tyre factories as demand falls
The slowing activity is linked to an “overall softening of the world economy,” says CEO
Michelin’s half-year operating margin increases despite instability in Europe
FRENCH tyre maker Michelin reported a 4.2 per cent drop in half-year sales on Wednesday (Jul 25), slightly below analysts’ expectations, citing an unstable economic environment in Europe and a weak pe...
Michelin challenges EU’s hunt for evidence of tyre cartel
MICHELIN is challenging the legality of European Union antitrust raids on its facilities as regulators swept across the tyre industry for evidence of a suspected price-fixing cartel.
Tyre maker Michelin to invest 300 million euros in Thailand
Thailand’s government said on Friday (Mar 8) French tyre maker Michelin planned to invest 300 million euros (S$436.8 million) in the South-east Asian country over the next three years to increase prod...
SUVs help keep Michelin profits rolling in
MICHELIN, the world’s top tyre maker, on Monday posted record operating profits as a focus on premium products, including for SUVs, helped it survive an otherwise lacklustre year.
Tyre maker Michelin announces closure of German sites
FRENCH tyre maker Michelin said on Tuesday (Nov 28) it would be closing three production sites in Germany and transferring its customer service centre to Poland, pointing to a “lack of competitiveness...
Michelin to transfer Russian operations to local management
FRENCH tyre maker Michelin said on Tuesday (Jun 28) that it plans to hand over its activities in Russia to a new entity under local management by the end of the year.
