Paris — Michelin reported 4.9-percent sales growth in the
third quarter on higher selling prices worldwide and increased unit
sales in Europe and Asia.
By contrast, business in North America
continued to lag behind 2005 as replacement tyre demand was sluggish
across the board and passenger original equipment shipments slumped as
well, Michelin said.
The firm did not report earnings at this
time but did say it expects its operating margin before non-recurring
items to be close to 8 percent for the full year, about on par…