Previous Close | 31.24 |
Open | 31.10 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 31.00 - 31.70 |
52 Week Range | 29.40 - 38.52 |
Volume | |
Avg. Volume | 1,327,077 |
Market Cap | 22.298B |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | 3.05 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
The Cholet and Vannes plants have been struggling with the structural changes in the passenger car, light truck, and truck tyre markets.
PARIS (Reuters) -Tyre maker Michelin plans to close two of its French factories, affecting about 1,250 workers, it said on Tuesday as Europe's embattled automotive sector comes under increasing pressure. The French company, founded 135 years ago, cited high costs and cheap Asian competition for the closure of its Cholet and Vannes sites in western France. Michelin's announcement comes just weeks after unions at Europe's largest car manufacturer Volkswagen warned of planned plant closures and peers including Peugeot-maker Stellantis issued hefty profit warnings.