Michelin confirms guidance for FY2018

Paris – Groupe Michelin has confirmed its guidance for the financial year 2018, after having reviewed external factors such as the markets, raw materials costs and currency effects.

“The global replacement passenger car and light truck tire market is benefiting from growth in the European markets, which is offsetting a slowdown in the Chinese market,” Michelin pointed out in an investor presentation at its autumn conference 13 Sept.

Michelin also noted that the OE passenger car and light truck tire market is contracting, due in particular to…

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