By Patrick Raleigh ERJ On-line news editor
Clermont Ferrand, France-Groupe Michelin has posted a 3.9-percent year-on-year sales rise to Euro3799 million, helped by 7.6 percent higher tonnage volumes. Excluding exchange rate factors, the increase was 9.5 percent in what the group described as â€œbetter than expected tyreâ€ markets.
However, Michelin put much of the sales growth down to one-off factors most notably advance purchases in anticipation of price increases by several tyre makers in Europe and North America.
In particular, the French market grew very strongly…