Mexican Media Brands
Michelin Sales Up, Earnings Down
Michelin & Cie. reports its revenue in the first half of 2018 climbed 11% to €11.9 billion ($13.1 billion), thanks to favorable exchange rates, a richer sales mix gains in sales to the mining industry.
#economics
Share
Michelin & Cie. reports its revenue in the first half of 2018 climbed 11% to €11.9 billion ($13.1 billion), thanks to favorable exchange rates and a richer sales mix and growth in sales to the mining industry.
Operating income in January-June was flat at €1.3 billion ($1.5 billion). But net income fell 8% to €844 million ($941 million), and net debt surged 78% to €6.7 billion ($7.4 billion).
Michelin’s sales of tires for passenger vehicles and light trucks declined 2% in the first half of 2019. The company says as a 7% drop in sales to vehicle manufacturers offset a 1% gain in the replacement market.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.