France: Michelin reports 39% net income gain in 2011

Despite seeing some erosion of profitability in the key car and truck tyre businesses, Michelin has reported solid financial progress in 2011, with volume growth in both original equipment (OE) and replacement tyre markets and a robust pricing strategy (to cover escalating raw material costs) driving year-on-year revenue and earnings Subscribe to Automotive World to … Continued

• By Webmaster
• February 10, 2012