Michelin (ML-FR)

QUOTE AND NEWS
newratings.com  Apr 16  Comment 
PARIS (dpa-AFX) - French tire maker Michelin (MGDDF.PK, MGDDY.PK) said its first quarter sales fell 2.4% to ¤4.76 billion from ¤4.88 billion a year ago. A 3.4% increase in volumes was more than offset by 4.6% negative currency effect due to a...
Times Online  Apr 14  Comment 
They are highly secretive and immensely powerful: a clandestine caste of critics who can reduce the most prestigious chefs to...
The Economic Times  Apr 9  Comment 
Balkrishna Industries, a supplier of speciality tyres to heavy construction & agri vehicles, aims to increase its market share to 8-9 per cent in four years from 4 per cent now.
Times Online  Apr 9  Comment 
A new tribe of British foodies are treating themselves to outings to Michelin-starred restaurants every year in the same way that...
The Hindu Business Line  Apr 2  Comment 
Indian Angel Network (IAN) and tyre-maker Michelin have started a logistics initiative to improve the efficiency of moving produce from the farm to the market. The initiative - Farm to Ma...
SeekingAlpha  Mar 26  Comment 
By FCF Investor: Although Michelin's (OTCPK:MGDDF) stock price has risen 17% year to date after reporting a very strong 2013, there still is a sound investment case to be made given the strong upside potential in the coming years driven by growth...
Forbes  Feb 25  Comment 
L’Assiette Champenoise is a family-run restaurant in a charming old mansion in the town of Tiqueux, near Reims, the capital of the Champagne region.
Forbes  Feb 21  Comment 
If we're to believe the wave of “horror” stories published in France and beyond, the Michelin Guide, that French oracle of gastronomy, maker and destroyer of chefs and restaurants around the world with its famous ranking by stars, is losing...
Wall Street Journal  Feb 11  Comment 
The French tire maker said it is eager to resume exporting its car and truck tires to Iran once international sanctions on trading with the country are lifted.




 
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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