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Michelin declines on strong euro


First quarter revenue declined 2.4% for Michelin, Europe’s largest tiremaker, as the strong euro and the weaker demand in Easter Europe dented sales. The company, located in Clermont-Ferrand, France, reported its sales went down to 4.76 billion euros ($6.58 billion) from 4.88 billion euros in the same period of 2013. According to the company, the mounting tensions between Russia and Ukraine ...
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More decline articles

GM’s investors still confident in the company
While General Motors is on hostile ground following its handling of the ignition switch defect recall and its stock has been depreciating, investors keep their hopes up and are confident ...
India: January sees car sales dropping 7.6 %
According to figures from the Society of Indian Automobile Manufacturers (SIAM), the Indian auto market is poised to drop for a second consecutive year, as January’s figures showed a 7.6 ...
Crossover vehicles defy European car economy
Fighting the overall European decline in demand, which has been driven down by high unemployment and sluggish economic recovery, carmakers are targeting bright spots in the market to keep their ...
U.S. sales of crossover-coupes are still going down
Not quite crossovers, wagons, hatchbacks or five-door coupes, the new wave of down sloping roof line 4x4 are quite hard to categorize – but it also appears they are hard ...
European downturn continues – August car sales slump in all major markets
The big picture is still grim, even though everyone expected this August to be a low volume month – due to the summer vacations. Still, all major European markets posted ...
Italy follows trend and car sales fall 6.56% in August
After France and Spain posted earlier their own bad results for the August car sales, it is now time for Italy to join the crowd, with a rather steep 6.56% ...
Indian car sales down again
With an economic slump and high borrowing costs discouraging buyers, India's car sales slid by over 7% in July, marking a record ninth straight month of decline. Carmakers sold 131,163 cars ...
Russian car sales not that bad in July
Although falling for the fifth consecutive month, the 8% decline to 234,569 units recorded in July was an improvement over the 11% drop accounted in June. Because the huge $2 trillion ...
Positive April Expected to End 18-Month Sales Slump in Europe
Analysts predict that the 18 consecutive months of decline in Europe, will end with this April’s rebound in Germany and strong auto sales in the UK. LMC Automotive predicts sales in ...

latest automotive news
Ecclestone smiles, jokes as bribery trial begins
Apr.24 (GMM/Inautonews.com) Bernie Ecclestone on Thursday showed he has not lost his sense of humour, despite the seriousness of ...
Ecclestone smiles, jokes as bribery trial begins
Apr.24 (GMM/Inautonews.com) Bernie Ecclestone on Thursday showed he has not lost his sense of humour, despite the seriousness of ...
Mercedes chiefs disagree over team orders
Apr.24 (GMM/Inautonews.com) A debate is raging inside Mercedes. The dominant German team declared proudly after the Bahrain grand prix that ...
Jose Mourinho gets Jaguar F-Type Coupe R
The first UK customer to get the brand new Jaguar F-Type Coupe R is Chelsea’s manager, Jose Mourinho. Former Portuguese football ...
Meet the most expensive Chinese car ever sold
The most expensive Chinese car ever sold is named the Hongqi L5 and it was recently bought for an impressive ...
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Chinese super-luxurious sedan fetches $800,000
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[VIDEO] Mercedes-Benz AMG GT spied in traffic
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Audi A1 and A3 to get 3-cylinder engines
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High speed has “injured” this impressive Mercedes-Benz SLS AMG as the supercar was being driven in Colombia’s capital, Bogota. Most exotic ...
VW faces mounting opposition on Scania bid
Volkswagen AG, Europe’s largest carmaker and the second global automaker, is facing a serious challenge to its bid to acquire ...
Next-gen Audi Q7 to debut in Paris
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Germany: prosecutors say F1’s Ecclestone was blackmailed
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