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SUV tire sales help Michelin.(Suppliers)(Sport utility vehicles)(Compagnie Generale des Etablissement Michelin)(Brief Article)

Automotive News Europe, April, 2005 by Saint-Seine, Sylviane de

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Byline: Sylviane de Saint-Seine

Michelin posted its best profit margin in five years in 2004 despite rising commodity prices.

CEO Edouard Michelin said at a press conference that the tire maker's aim for 2005 is a result that is "at least as good as that achieved in 2004, in what we believe will be a tough environment."

Stronger sales of high-margin tires for SUVs and specialty tires for public works vehicles helped the French tire maker in 2004.

Tire manufacturers have been hit by higher raw materials costs, especially for rubber.

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Automotive Industry

SUV tire sales help Michelin.(Suppliers)(Sport utility vehicles)(Compagnie Generale des Etablissement Michelin)(Brief Article)

Automotive News Europe, April, 2005 by Saint-Seine, Sylviane de

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