(adds details from statement, background) By Marcel Michelson PARIS, July 28 (Reuters) - Michelin , the world's largest tyre maker, cut its full-year operating profit margin goal in the face of rising prices for rubber and sluggish markets for its products. The French company said on Friday first half-operating income was down 6.2 percent to 644.7 million euros ($821.7 million), below a median analysts consensus of 667 million euros. The company said it now expected a full-year ...
Premium Content (PAID Subscription Required)
"UPDATE 1-Rubber spike punctures Michelin operating target" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.