For sales, it's Bridgestone; for profits, it's Michelin
Several of the fiscal year 2010 results for global tire manufacturers are in. Here is a quick recap, based on the exchange rate on Dec. 31, 2010.
Bridgestone Corp. posted net income of $1.2 billion on net sales of more than $35.2 billion. That's an income-to-sales ratio of 3.4%.
Groupe Michelin recorded net income of nearly $1.4 billion on sales of $23.7 billion in 2010. The company's net income represented 5.8% of its sales.
Goodyear Tire & Rubber Co. suffered a net loss of $216 million on net sales of $18.8 billion.
Sumitomo Rubber Industries Ltd. recorded net income of $263 million on net sales of $7.4 billion. The company's income-to-sales ratio was 3.5% for fiscal 2010.
On March 3, 2011, Continental AG will release its preliminary full-year results 2010.