Michelin did not have such a bad year in 2009, though the world’s second largest tiremaker announced that its profit decreased by 71 percent in 2009 as a result of falling sales and increasing reorganization costs. Still, the company did a good job managing its activities during the recession and it just launched its new tire called Michelin Pilot 3.
Today Michelin was awarded Tire Manufacturer of the Year in the Tire Technology International Awards for Innovation and Excellence 2010. The com… (read more)