Automotive Industry

Michelin remains strong after sudden death of CEO.(News)(chief executive officer, Edouard Michelin, Compagnie Generale des Etablissement Michelin)(Brief article)

Automotive News Europe, October, 2006 by Saint-Seine, Sylviane de

Content provided
in partnership with

Byline: Sylviane de Saint-Seine

Michelin generated a 22.98 percent gain in value during the third quarter, proving that investors remained confident about the company's future following the accidental death of CEO Edouard Michelin May 26.

Michelin was 42.

Edouard Michelin's successor as chief executive, Michel Rollier, has reaffirmed the French tire maker's objectives. By 2010, the supplier wants to achieve an operating margin of 10 percent or more and a reduction in inventory levels to 16 percent of sales from 20 percent in 2005.

Most Popular Articles in Autos: Service Slants; 2007 utility vehicle buyer's guide: Side-By-Sides are popular; here's who ...; Transmission considerations: beyond the manual gearbox; Buell Motorcycle engineering, innovation, & dedication: in an industry ...; 100 + 10: America's oldest automotive magazine celebrates its 110th year ...; More »

The company's operating margin was 8.8 ...

Read the rest of this article with a Free Trial at HighBeam Research.

Automotive Industry

Michelin remains strong after sudden death of CEO.(News)(chief executive officer, Edouard Michelin, Compagnie Generale des Etablissement Michelin)(Brief article)

Automotive News Europe, October, 2006 by Saint-Seine, Sylviane de

Find Research Guides for:

Find Featured Titles for: Reference

Most Popular Articles in Autos

Most Popular Publications in Autos