Michelin Reports Slight Drop in Nine-Month Sales on Lower Tyre Volumes
Michelin said nine-month sales fell as tyre volumes declined, despite an improved currency effect in the third quarter.
French tyre maker Michelin EURONEXT:ML on Tuesday reported a drop in nine-month sales, as tyre volumes declined, despite an improved currency effect in the third quarter.The company has been hurt by a negative currency effect since the beginning of the year, linked to the depreciation of the US dol…