Michelin (ML-FR)

Bulk Transporter  Nov 18  Comment 
As Americans enjoy the food, gifts and, get-togethers that are the hallmarks of the holiday season, Michelin invites everyone to take a moment and salute the season’s unsung heroes, commercial drivers. These are the working in jobs that span...
Forbes  Nov 5  Comment 
Just one month after they announced their New York stars for 2016, Michelin released their 2016 stars for Hong Kong and Macau today, November 5, 2015, celebrating its eighth edition in the two cities-- a lucky number in Chinese culture.
guardian.co.uk  Nov 3  Comment 
About 860 jobs will go at Ballymena, with BCC warning of more UK factory closures unless government improves support for export industries Michelin is to close a factory in Northern Ireland with the loss of 860 jobs, heightening concerns that...
guardian.co.uk  Nov 3  Comment 
All the latest economic and financial news, including a downturn at Britain’s exporters, poor US factory orders and hefty job cuts at Michelin and Standard Chartered 5.37pm GMT Despite mixed economic news - including a downturn in UK...
Automotive World  Nov 3  Comment 
Michelin, producer of some of the world’s highest-performing sports car and off-road tires, to supply fitments for Ford Performance vehicle lineup Ford and Michelin engineers collaborate from program inception on unique tire constructions and...
The Hindu Business Line  Oct 29  Comment 
Michelin is a tyre company, and its restaurant guide is the last word on fine dining. Founders Andre Michelin and Edouard Michelin believed that a highly rated restaurant would be worth travelling...
Forbes  Oct 5  Comment 
The world’s best-known restaurant guide has finally released its New York list—with ten one-star additions and a stagnant three-star roster.
Clusterstock  Oct 1  Comment 
The 2016 "Michelin Guide to New York" was announced earlier than originally planned Wednesday night, thanks to social media. According to the website Eater, Michelin called certain chefs to let them know that they had earned or maintained their...
New York Times  Sep 30  Comment 
The Modern has moved up in the guide’s restaurant ratings.


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.


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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