Michelin (ML-FR)

QUOTE AND NEWS
Biomass Magazine  Sep 9  Comment 
Amyris, Braskem and Michelin have announced that Braskem is joining a collaboration already launched in 2011 between Michelin and Amyris. The collaboration was initiated to develop and commercialize renewable isoprene.
DailyFinance  Sep 3  Comment 
TORONTO, ON -- (Marketwired) -- 09/03/14 -- Located just steps from the red carpet, The Ritz-Carlton, Toronto is the premiere address for festival goers during this year's Toronto International Film Festival. From star-studded treatments and a...
Forbes  Aug 20  Comment 
He's cooked for three United States presidents.  His restaurants have earned Michelin stars.  Yet, sitting in his new restaurant space at the San Francisco 49ers' Levi's Stadium, renowned chef, Michael Mina, says he's having the most fun he's...
Clusterstock  Jul 23  Comment 
The Ledbury just took the top spot on our list of the Best Restaurants in London . Located in the private, fashionable neighborhood of Notting Hill, The Ledbury serves modern French fare inspired by Australian-born chef Brett Graham's culinary...
Forbes  Jul 8  Comment 
One secret to the success of the legendary French restaurants is the agreed management metric for client delight: the Michelin Guide.
StreetInsider.com  Jul 7  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/CGI+Group+%28GIB%29+Announces+Renewal+of+Important+Michelin+Contract/9640572.html for the full story.
Forbes  Jul 4  Comment 
The sometimes surprising ways in which the legendary French restaurants delight their diners and earn three stars in the Michelin guide
newratings.com  Jul 1  Comment 
PARIS (dpa-AFX) - French tire maker Michelin Cie Des Estb (MGDDY.PK, MGDDF.PK) Tuesday said first-half net income increased to 624 million euros from 507 million euros. Earnings per share were 3.28 euros compared to 2.72 euros last year. Net...
USAToday.com  Jun 16  Comment 
As the auto sector shows signs of vibrancy, I caught up with Michelin CEO Pete Selleck.




 
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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