Michelin Intensifies Investment in Developing Markets
www.chinatrucks.com : Chairman of the French tire maker-Michelin said in Paris that the group will intensify their investment in the next one to two years, so as to expand their market shares in both the global market and developing markets.
Present at the financial journalists meeting of France, he said that Michelin will invest € 2 billion to 3 billion in the next two years until the group loosens investment in 2016.
In the first quarter of 2013, the sales revenue of Michelin is as low as € 4.88 billion, down 8.1% despite the group see sales increased in Asia and South America. Because Michelin was not performing well in markets of Europe and North America.
Views:0
- Michelin’s New X Multi Truck Tyre Range Debutes at the UK's CV Show 2017-05-02
- Michelin Opens $1.5b Factory in Shenyang 2013-02-01
- Continental, Michelin retreads verified under EPA's SmartWay program 2012-09-17
- Michelin China Sells Performance, Not Rubber 2012-09-06
- Sales of Michelin in North America grows 2012-07-23
- Michelin North America appoints new president, chairman 2011-10-19
- Michelin introduces two new on/off-road tires 2011-07-29
- Michelin Provides Optimal Transport Solutions for Customers 2011-05-03
- Michelin Group to Invest One Billion Euro to Build New Plant in China in 2012 2011-02-18
- Michelin to expand business with 1,200 million Euros 2010-09-30
Submit Your Requirements, We Are Always At Your Service.
- BYD Stopped the Production of Fuel Vehicles
- Geely Began Test Runs of Green E-methanol Vehicles in Danmark
- 2022 SANY Global Dealer Summit Was Held Successfully Online
- BYD and Shell Partner on EV Charging across China and Europe
- Daimler Truck Significantly Increase Sales, Revenue and Net Profit in 2021
- Scania Year-end Report January-December 2021
- Hyundai Motor and Iveco Group Sign MOU to Explore Future Collaboration
- GAUSSIN Enters China, the Largest Truck Market in the World
- Over 1,200 Hydrogen-powered Vehicles Deployed for the Beijing Winter Olympics
- Chinese New Year Holiday Closure Notice
- China's Truck Exports Grew by 30% YOY to 63490 Units in January-February
- China's New Energy Heavy Trucks Grew Despite an Overall Slump
- Heavy-duty Truck sales in China Fell by 54% to 54,000 units in February
- SINOTRUK Achieves Sales of 27,725 Vehicles in January, 2022
- China’s Domestic Tractor Sales Exceed 40,000 Units in January
- 2021 JAC International Pickup Export Performance
- JAC Achieved a Great Result in 2021
- China's Truck Export in 2021 Reached a 10-year Peak
- Heavy-duty Truck Sales in China Fall 57 Percent on Year in January
- China Recorded Sales of 645000 Tractors in 2021