Michelin (ML-FR)

QUOTE AND NEWS
Automotive World  Jun 9  Comment 
Michael Nash takes a look at Michelin’s plans for growth in the near future The post Michelin targets 20% increase in tyre sales by 2020 appeared first on Automotive World.
Bulk Transporter  Jun 8  Comment 
Michelin Americas Truck Tires, a division of Michelin North America Inc, has introduced the MICHELIN X Works Z, an all-position tire, for mixed on/off road applications that operate in demanding environments. The MICHELIN X Works Z is designed to...
Automotive World  Jun 6  Comment 
At the Investor and Analyst Day organized on June 6 at the Ladoux Technology Center in France, Michelin announced that it was scaling up its competitiveness plan, targeting cost savings of€1.2 billion between 2017 and 2020, i.e. €300 million...
Automotive World  Jun 6  Comment 
Jean-Dominique Senard, Chief Executive Officer, kicked off proceedings by presenting his strategic vision for Michelin. This strategic vision will be deployed in four areas: Tires, where the Group’s capacity for innovation and understanding of...
Forbes  Jun 3  Comment 
Airplane food doesn't have to be bad. In fact, it can be James Beard award-worthy -- if, of course, you're willing to pay up. Here?s a look at whose food you?ll find in the sky, and where you?ll have to sit to get it.
Forbes  May 22  Comment 
Alinea, considered by many critics to be America's top restaurant, re-opened on Friday night, much to the relief of its high-profile chef, Grant Achatz. It's game time. Alinea re opens after three pop ups and 5 months. @ Alinea...
Clusterstock  Apr 28  Comment 
We recently ranked the best restaurants in America. Here's how we came up with our list. The rankings were mostly determined by an analysis of noteworthy restaurant rankings and awards determined by food critics, diners, and experts, as well...
Automotive World  Apr 18  Comment 
The growing likelihood of a slowdown in Europe’s truck market further threatens Brazil’s ever-weaker CV industry. By Oliver Dixon The post Michelin’s March CV data highlights regional sector differences appeared first on Automotive World.
The Economic Times  Apr 1  Comment 
The luxury cruise is expected to have several cricket and Bollywood stars on board, which include Sachin Tendulkar, Brett Lee and Shane Warne along with Michelin star chefs.
The Economic Times  Mar 30  Comment 
The company has introduced its premium road range, mountain bike range and city trekking range as it looks to tap the potential in India, Michelin said in a statement.




 
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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