Michelin reports 7.5% rise in profits
Michelin reports 7.5% rise in profits Updated: 20:30, Tuesday February 12, 2013 Tyre maker Michelin says its profits rose 7.5 per cent last year despite a struggling car market in Europe.
Michelin will cut up to 1,500 jobs in France as part of measures the French tyre group will announce on June 24 to weather a collapse in global demand for tyres, French newspapers reported on Tuesday.