Michelin warns of lower sales

Michelin warns of disappointing sales in the second half of this year. Particularly in Europe and China wear the company are expected to be less bands than expected. The company stated at the time of publication of the derdekwartaalcijfers are goals for the whole year.

In Europe especially, more stringent environmental regulations, the auto industry in the road, while in China, generally there is a downward trend in sales. This applies not only to passenger cars. Also, the sales of light trucks and heavy trucks, the company said.

Michelin announced earlier, all the necessary interventions to bring the cost down. Also increased the prices. The company should, inter alia, to compensate for higher costs for raw materials like synthetic rubber and was. In the first nine months of the year decreased the revenue of Michelin by 1.1 percent year on year to 16.2 billion euro.

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