Groupe Michelin posted net sales of 5.3 billion euros for the first quarter of its 2012 fiscal year ended March 31, 2012. That compares to sales of 5 billion euros for the same period last year.

Tags: Michelin financials, Price increases, Raw material costs

Groupe Michelin recorded net income of more than 1.4 billion euros on net sales of 20.7 billion euros for its fiscal year ended Dec. 31, 2011. That compares to income of 1 billion euros on sale of 17.9 billion euros for fiscal 2010.

Tags: Michelin financials

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French tire maker Groupe Michelin has announced plans to sell its 9.98% stake in Hankook Tire Co. Ltd. Michelin said the move will provide funds which it plans to invest in high-growth markets, including Tier 2 and Tier 3 passenger and light truck tires.

Tags: Hankook financials, Light truck tires, Michelin financials, Passenger tires

Groupe Michelin posted net income of 667 million euros on net sales of 10.1 billion euros for the first half ended June 30, 2011. That compares to income of 504 million euros on sales of 8.3 billion euros for the same period in 2010.

Tags: Consumer Tires, Michelin financials, Michelin Pilot, Raw material costs, Truck tires

As demand for its passenger tires in North America continues to grow, Michelin North America Inc. is investing $200 million in its Lexington, S.C., facility to further expand its tire building capacity.

Tags: Dick Wilkerson, Light truck tires, Michelin financials, Passenger tires

Effective May 1, 2011, Michelin North America Inc. is increasing prices on Michelin brand earthmover replacement tires sold in the United States and Mexico by up to 8%.

Tags: Michelin financials, Tire prices