Advertisement
Advertisement
Michelin
/ miʃəlɛ̃ /
noun
André (ɑ̃dre). 1853–1931, French industrialist; founder, with his brother Édouard Michelin (1859–1940), of the Michelin Tyre Company (1888): the first to use demountable pneumatic tyres on motor vehicles
Example Sentences
Big movers included Ericsson which gained as much as 13% after earnings handily beat forecasts, while France’s Michelin slumped after it lowered its outlook on worsening market conditions and a sharp decline in North American sales.
Michelin cut its full-year outlook, citing worsening market conditions including the impact of U.S. tariffs, and a sharp decline in sales in North America.
Sales in its North American business fell by nearly 10% in the third quarter, Michelin said.
Outside the region, Michelin achieved on-year volume growth in the period despite what the Paris-listed company described as a “chaotic” business context and near-term uncertainties weighing on demand.
“The problem with the Long Beach ordinance is that it’s so constricting,” said Rachel Michelin, president of the association.
Advertisement
Advertisement
Advertisement
Advertisement
Browse