Michelin (ML-FR)

QUOTE AND NEWS
Forbes  Sep 2  Comment 
Second to the elite tennis is the world-class food scene at the United States Open in Flushing, Queens. Each year, food services invite new chefs to open up the equivalent of a two-week restaurant at the club level inside Arthur Ashe Stadium or...
Southeast Farm Press  Sep 2  Comment 
Michelin has announced the launch of four new tires for tractors, sprayers, harvesting equipment and large implements in North America. read more
Forbes  Aug 11  Comment 
Michelin tops out at three stars per restaurant, but Eric Frechon, head chef at the Oetker Collection’s luxury hotel Le Bristol Paris, likes to say he has four. And he does: three for Le Bristol’s gastronomic restaurant Epicure, and one for...
The Hindu Business Line  Jul 27  Comment 
The need for speed and safety will drive the demand for Michelin’s tubeless radial tyres among commercial vehicles, according to Nour Bouhassoun, Chairman and President - Africa, India and Midd...
Forbes  Jul 24  Comment 
It’s hard to describe the impact Sketch made when the doors opened in London, twelve years ago, in 2003. It was a glamorous hub of infinite entertainment. A hologram French maid cleaning the lobby? Sure. Bathrooms located in huge egg-like...
Automotive World  Jul 23  Comment 
Michelin tyre data continues to offer an interesting and timely insight into the direction of three major truck markets - North America, Europe and Brazil The post Michelin’s June data: ongoing malaise in Brazil’s trucking sector, with an...
MarketWatch  Jul 2  Comment 
Fancy Manhattan restaurant Per Se has three Michelin stars — and some gratuities meant for its waitstaff, according to a $500,000 settlement with the New York state attorney general’s office.
The Hindu Business Line  Jun 26  Comment 
3 Michelin Star restaurant L’Arpège serves Grover Zampa’s signature wines
Automotive World  Jun 26  Comment 
Oliver Dixon looks at the implications of Michelin’s tyre data for May The post Michelin tyre data for May 2015: Europe ends three-month positive run appeared first on Automotive World.
The Hindu Business Line  Jun 9  Comment 
New plant to come up in Madurai with capacity of 3.6 m units




 
TOP CONTRIBUTORS

Michelin: The replacement tire market, in the Passenger Car-Light Truck and the Truck markets, represents some 70% of the company's sales in volumes. Accordingly, before being a equipment supplier for vehicle manufacturers, Michelin is primarily a player on the consumer market for passenger cars and motorcycles and on the professional consumer goods market for light and heavy utility vehicles.

Michelin relies on its global industrial presence backed by a sales network in some 170 countries.

A Technology Center, more than 69 production plants and two hevea plantations: Michelin Group is present on all continents.

In 2007, Michelin producted 191 million tires and 17 million maps and guides.

News

2008.11.25 Roumania

BUCHAREST, Romania (AP)--Michelin management said in a press release sent to national news agency Agerpres that the demand for tires in the European Union has shrunk, forcing the company to "adjust production."

Michelin has three factories in Romania and employs over 3,400 people.

Workers will get 75 percent of their pay during the shutdown.

The company said the reopening date for the factories will be announced in the next few days.

2008.11.24 Michelin In-Hub Electric Drive

Hub or wheel motors have been used in prototype electric cars and trucks, though none are yet in volume production. They are quite common in electrically assisted bicycles and other personal transportation vehicles. Now, Michelin has taken the hub motor idea one step further with its Active Wheel. Besides the electric drive motor found in all hub motors, the Active Motor also includes the vehicle’s suspension and brake components.

According to Michelin, the Active Wheel greatly simplifies vehicle design because an engine gearbox, clutch, transmission shaft, differential, and shock absorbers are no longer needed. Besides being simpler, the vehicle can be substantially lighter and thus more energy efficient.

The WILL is the product of a joint venture between Michelin, French coachbuilder Heuliez, and France Telecom’s Orange brand. The lightweight vehicle has two trunks. Since there is no engine beneath the hood, the front end is designed to absorb impact in case of a collision. The active suspension in the two front wheels can quickly sense any pitch or roll and instantly adjust to offer what’s claimed to be unprecedented levels of comfort and road holding. The WILL can also be produced as a light commercial vehicle.

The first WILLs are planned for 2010 for professional drivers, fleets, and municipalities in Europe, with the general public likely waiting an extra year. It could be available with three different lithium-ion battery sizes for ranges of 150, 300, or 400 kilometers (93, 186, or 249 miles) with prices ranging from about $27,500 to $34,000.

2008.10.29 Michelin reduces its forecasts of operating margin

“The evolutions noted since the beginning of October represent more marked degradation of the request in the majority of the countries of Europe and of North America”, explains the manufacturer. “If this tendency were to be confirmed during December and November, the operating margin, before nonrecurring elements, would range then between 7% and 7,5%”. Michelin counted until now on an operating margin close to 8,6%.

In addition, the group published this Wednesday a turnover in fold of 1,1% over the first nine months of the year, because of the “very strong negative impact of rates of exchange, taking into account in particular the depreciation compared to the euro of the American dollar, the British book and the Mexican peso”. The incomes of the group thus rose to 12,45 billion euros.

the turnover increased by 4,5% during the first three quarters of the year
at the time of the only third quarters, the incomes (4,2 billion euros) of the manufacturer increased by 0,7% and 5,1% with fixed exchange rate
in volume, the sales of the manufacturer were registered in rise of 1,4% in volume over the first nine months of the year

Lastly, the price effect was important, in particular with the third quarters, “reflecting implementation the progressive of price increases on all the products and everywhere in the world”. And “this effect should be still reinforced during the next months”.

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