Michelin (ML-FR)

QUOTE AND NEWS
Automotive World  Aug 29  Comment 
The Michelin Group announced today that it has acquired Levorin, a Brazilian manufacturer of bicycle and motorcycle tires. This family business which was founded in 1943 by Hercules Levorin has specialized in the production of tires for the...
newratings.com  Aug 27  Comment 
PARIS (dpa-AFX) - French tire maker Michelin (MGDDY.PK, MGDDF.PK) announced that it has acquired Levorin, a Brazilian manufacturer of bicycle and motorcycle tires. The offer to purchase was signed and is subject to closing conditions and also...
Forbes  Aug 10  Comment 
Is the going price any real indication of quality anymore, and after a long and messy period of democratic criticism, brought to you by Yelp, are we ready for some more professional evaluations of the latest hot spot?
Automotive World  Aug 2  Comment 
Thanks to its specific tread pattern, the new MICHELIN Pilot Sport FW2 features a higher water clearance capacity and provides crews with enhanced safety in heavy rain since the size of its contact patch has been doubled. Designed for use on...
newratings.com  Jul 26  Comment 
PARIS (dpa-AFX) - French tire maker Michelin Cie Des Estb (MGDDY.PK, MGDDF.PK) reported Tuesday that its first-half net income increased to 769 million euros from 707 million euros last year. Earnings per share were 4.24 euros, higher than 3.79...
The Hindu Business Line  Jul 21  Comment 
Targeted at 2-wheelers, it will be aired on TV
Bulk Transporter  Jul 13  Comment 
Michelin Americas Truck Tires, a division of Michelin North America Inc, has introduced the MD XDN 2 Pre-Mold retread--a drive-position retread optimized for long wear life, lasting durability and outstanding traction--for regional, medium-duty...
Automotive World  Jul 4  Comment 
Michelin today announced plans to build a production facility in the center of Mexico to manufacture high-end tires for passenger cars and light trucks. The first tires are expected to come off the production line in fourth-quarter 2018. The new...
Automotive World  Jun 30  Comment 
Tyre sales in Brazil and N. America continue along familiar trajectories, while Brexit adds complexity to European data analysis. By Oliver Dixon The post Michelin’s May HD tyre data: strong Europe, weakening N America appeared first on...
Forbes  Jun 29  Comment 
Lots of brands have been trying to find ways to reach teenagers and their parents to warn them about the dangers of texting while driving, and other safety hazards that teens take on when they get handed the keys. The texting problem has created a...




 
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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