GREENVILLE, S.C., March 20, 2017 /PRNewswire/ — Michelin and the Federation Internationale de l’Automobile (FIA), the global governing body for motorsports, have secured the commitments of 40 U.S. states and the District of Columbia to include standard tire-safety information in driver’s manuals as part of Michelin’s award-winning Beyond the Driving Test program. The 40-state achievement comes as the American Association of Motor Vehicle Administrators (AAMVA), which represents officials in states, provinces and territories engaged in the administration and enforcement of driver and motor vehicle laws in the United States and Canada, releases its updated Best Practices for its members to include consistent language for proper tire pressure and tread depth.
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The Institut Pascal, Lapsco and Limos have joined forces with the Michelin Group to create FactoLab, for the development of cobotics and new digital technologies.
R&D at the new facility will initially focus on the development of man-machine cooperation, particularly in the fields of cobotics and new digital technologies. The aim is to create collaborative robots and connected devices for production operators in order to eliminate some of the physically arduous or stress-causing tasks and thus improve working conditions. This program will extend and expand on experiments in progress on the Cholet site in France and the Valladolid site in Spain, the first results of which have proved positive.
For the Michelin Group, FactoLab opens up the opportunity to work with the best researchers in the Auvergne-Rhône-Alpes region in fields such as cognitive sciences. It is part of an active partnership strategy developed over several years to increase the group’s strength and speed of innovation.
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This report studies sales (consumption) of Racing Tires in Europe market, especially in Germany, France, UK, Russia, Italy, Spain and Benelux, focuses on top players in these countries, with sales, price, revenue and market share for each player in these Countries, covering Michelin, Goodyear, Bridgestone, Continental, Hankook, Pirelli, and Cooper.
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Greenville, South Carolina – Michelin North America Inc. is relaunching its Defender line of passenger tires — on the market since 2012 — with an H speed rating and a new tread compound designed to deliver more consistent treadwear.
Launched four years ago to replace the HydroEdge and Harmony lines, the Defender is targeted at owners of some of the most popular sedans and minivans on the market, including the Buick LaCrosse, Chevrolet Malibu, Chrysler Pacifica, Ford Focus, Honda Odyssey, Nissan Altima and Toyota Sienna, Michelin…
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GREENVILLE, S.C., March 8, 2017 /PRNewswire/ — Today, Michelin introduced the new MICHELIN DEFENDER for passenger vehicles, which features an 80,000-mile warranty. Following the release of the original Defender in 2012, the latest tire has been upgraded with an advanced generation tread compound that makes it the longest-lasting tire among leading competitors’ tires1. Additionally, the new MICHELIN DEFENDER speed rating has been increased to H rating to fit more vehicles and appeal to consumers who desire a lasting longevity benefit.
“We know that many consumers make tire-purchasing decisions based on warranty and price, but tire warranties, unfortunately, do not always accurately reflect the actual wear performance of a tire,” said Scott Clark, COO, Michelin North America. “Our testing shows that specific tires from several leading competitors with mileage warranties between 80,000 to 90,000 miles will have a difficult time delivering the wear-life proclaimed by their mileage warranty.”
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Tire Technology Expo – the premier showcase for the global tire design, development and manufacturing industry – continues its spectacular growth of recent years. The 2017 event, held for the second time at the Deutsche Messe in Hannover in February, was the 17th since the show’s foundation and the biggest yet, with 280 exhibiting companies, more than 600 conference and course attendees, and a three-day visitor and delegate total that nudged the 5,000 level for the second year running.
“Remarkably, within 15 minutes of opening the doors on the first morning, it was obvious that Tire Technology Expo 2017 was going to be even better than our best-ever show in 2016,” said Tony Robinson, CEO of UKIP Media & Events and founder of Tire Technology Expo. “I’ve been delighted with the number of visitors from all over the world. The exhibitors were happy, but equally importantly, the visitors were very happy because the show was full of the latest technologies and materials that people are looking for.”
Visitor Jukka Koskinen, development manager at Nokian Heavy Tyres, said, “Every year I make time in my calendar to attend the show. I visited many companies that I was interested in and I made strong contacts – all the manufacturers were there and it’s easy to find out answers to any questions that we may have.”
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CLERMONT-FERRAND, France (March 6, 2017) — Higher volumes and a rebound in demand in China and Europe helped Michelin register growth in operating income for the full year 2016, although sales revenue was off slightly.
Operating income from recurring activities rose 3.7 percent to $2.95 billion, while sales fell 1.4 percent to $22.9 billion, yielding an operating ratio of 12.9 percent, up about three-fourths of a point over 2015. Net income rose 43.1 percent to $1.83 billion.
CEO Jean-Dominique Senard called 2016 a “successful milestone in our strategic roadmap,” and said 2017 was expected to be “another year of growth, in line with the group’s 2020 objectives.”
In 2017, Michelin expects tire markets to track the trends observed in late 2016, in particular with the upturn in mining tire sales. At the same time, Michelin expects rising raw materials prices to impact earnings by nearly $990 million.
In response to the cost pressure, Michelin said it will “agilely manage prices so as to hold unit margins firm in businesses not subject to indexation clauses.”
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Michelin North America Inc. recently introduced its newest compact-line tire, the Michelin Power Digger, at the ARA Rental Show in Orlando.
The bias tire is designed for wheeled excavators with a dual fitment for both original equipment and replacement applications, Michelin said.
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Michelin Americas Truck Tires, a division of Michelin North America Inc., reports radio frequency identification (RFID) technology is being added to Michelin commercial truck tires and retreads, enabling fleets to better manage their tire assets throughout the full life cycle.
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Market research future published a half cooked research report on global aircraft tire market. The aircraft tire market is expected to grow over the CAGR of around 4.5% during the period 2016 to 2022. Market Highlights: …
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