Automotive News

Michelin to double budget-tire sales to counter Chinese gains

CHENGDU -- Michelin plans to nearly double the proportion of budget tires in its global sales mix to counter the huge rise in Chinese exports sold in Europe and the United States. "Today [our mix] is ...
Finanznachrichten

Michelin: Group sales down 1.9% due to lower Original Equipment, partly offset by a significantly improved mix. In a highly volatile environment, the Group tightens up its ...

Financial information for the three months ended March 31, 2025 Group sales were down 1.9% due to lower Original Equipment volumes, partly offset by a significantly improved mix. In a highly volatile ...
Yahoo Finance

Michelin sees first-quarter sales below consensus due to higher seasonality

(Reuters) - Michelin expects its first-quarter sales to be slightly below market consensus due to steeper than expected seasonality in the first half of 2025, according to the transcript of an ...
Yahoo Finance

Michelin: Nine-month sales up 2% to €21.2 billion despite soft volumes and a forex headwind, supported by mix enhancement, non-tire activities and brand leadership.

PC/LT tire markets were stable vs. 2022 as robust OE demand in most regions offset slightly negative RT demand dampened by destocking in Europe and the Americas. Demand for 18-inch and larger tires is ...