UPDATE 1-Michelin holds Europe tyre prices for now

Newswire

(Adds company does not exclude price rises in near future) By Marcel Michelson PARIS, Nov 30 (Reuters) - French tyre group Michelin has no firm plans to increase prices for replacement tyres in Europe despite such moves in North America and Japan, but said it could not exclude such rises in the near future. "We are sticking to our philosophy that we aim to recoup increases in raw materials in our sales prices," a Michelin spokeswoman said on Wednesday, adding that there were no ...

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