Michelin has announced the launch of a new employee share ownership plan giving Michelin group employees the opportunity to subscribe to a rights issue reserved for them under preferential terms. The subscription period for the share offering will run from Sept. 16 to Oct. 1, 2020.
Officially funded by the EU in May 2020, the BlackCycle partners are pleased to announce the launch of the project today. The BlackCycle project involves 13 organisations1 in a unique European public-private partnership that will demonstrate the technical, environmental, and economic viability of world-first circular processes. The consortium will develop specific solutions to produce sustainable raw materials for tyres: ELT collection and feedstock selection, pyrolysis2 optimisation, oil refining and valorisation, furnace process optimisation, and sustainable tyre performance assessment. As early as 5-6 years after the project, close to 1 out of every 2 European ELTs will be incorporated into the only virtuous cycle of this magnitude amongst all industrial sectors for the recovery of end of life products.
According to an independent third-party certified fuel-economy testing by Melissa Valley Transportation Solutions, the Michelin Energy Guard system coupled with a Michelin X One tire package demonstrated a combined fuel savings of 17.01 gallons/1000 mile. The Michelin Energy Guard is a SmartWay-verified and CARB-compliant solution from Michelin Aerodynamic Solutions.
Michelin North America, Inc. is launching the redesigned Michelin X One Line Energy T2 tire for the line-haul market.
“The trailer-wheel position is a challenging position for long-haul tire design. The free-rolling wheel position is subject to variable loads, less maintenance and irregular wear,” said Adam Murphy, vice president of B2B marketing at Michelin North America. “This new Michelin X One Line Energy T2 product delivers both improved tread wear while providing fuel and weight savings, lowering the total cost of ownership for fleets, especially during this economically challenged time in the trucking industry.”
GREENVILLE, S.C. — Michelin North America Inc. has introduced a digital cloud-based platform, called Maestro, to help with service planning and scheduling for commercial fleets.
“Fleets frequently struggle with efficient ways to optimize planning and schedule service work to maximize uptime for their vehicles,” Ralph Dimenna, global director of Michelin Services and Solutions, said.
Michelin North America recently announced two new additions to its tire range. The first, aimed at the freight market, is the X One Line Energy T2, which the company claims is the most efficient trailer tire it has produced to date.
“The trailer-wheel position is challenging for long-haul tire design. The free-rolling wheel position is subject to variable loads, less maintenance and irregular wear,” explained Adam Murphy, vice president, B2B marketing, Michelin North America.
124,000 125,400 1 Free cash flow: net cash from operating activities less net cash used in investing activities, adjusted for net cash flows relating to other financial assets, before distributions. 2 At period-end. Covid-19: impact of the health crisis on the Group’s financial position at June 30, 2020 Review of the information released by the Group during the first six months of the year On February 10, 2020, the Group issued its guidance for 2020 excluding any impacts from a systemic crisis caused by Covid-19. On March 18, 2020 at 6:10 pm CET, the Michelin Group …
Michelin North America Inc. recently provided a sneak preview of what Alexis Garcin, the company’s chairman and president, calls “the most versatile and advanced passenger tire that Michelin has developed in more than two decades.”
The Michelin CrossClimate 2 made its debut during a July 22 virtual launch event for Michelin tire dealers.
The tire, which will boast nearly 80% consumer vehicle market coverage when its lineup is complete, “is ideal” for North American drivers, Garcin said during the event. He added that the CrossClimate 2 “significantly raises the bar for safety.”
After 2 years of immersive testing, Michelin is now upgrading its connected tire solution MICHELIN Track Connect to allow it to be used more widely. The app, which is the brain of the system, is now available in 3 modes. …
Faithful to its DNA, the Group pursues its ambition of a more sustainable connected mobility accessible to as many people as possible, by offering enhanced driving experiences, on tracks or during rally competitions, with or without connected tires, thanks to an extension of its MICHELIN Track Connect solution.
Michelin North America held a virtual product event on July 22 to introduce the Michelin CrossClimate2 to its dealer network, ahead of the all-season tire’s official launch on Aug. 3.
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The culmination of science and innovation, and more than 630,000 miles of testing, the CrossClimate2 is “redefining the all-season tire,” said Alexis Garcin, chairman and president of Michelin North America, Inc. in his opening remarks.