France: Michelin lifts profitability in 2010

Michelin has reported financial results for 2010 showing a significant improvement in its operating performance versus 2009, and a strengthened balance sheet, with net debt being cut by 44%. Tyre markets improved more quickly than anticipated and the company adopted a robust pricing policy to offset the adverse impact of Subscribe to Automotive World to … Continued

• By Webmaster
• February 11, 2011