2017 Q1 Highlights
Harley-Davidson entrusts to MICHELIN its latest Street Rod™
MICHELIN and Harley-Davidson are once again demonstrating the confidence and synergy that have existed between them since 2007. The new MICHELIN Scorcher® 21 tire is the result of two years of development and offers excellent wet grip, handling and stability while providing the aesthetic appeal of cruisers.
Reputation Institute: Michelin continues to climb the ranks
The Global RepTrack annual survey carried out by the Reputation Institute asks over 60,000 people all over the world to score companies on 4 criteria: confidence, respect, admiration and familiarity. Good news for our Group...as it continues to climb the ranks. In 2017, we are 13th in the world (15th last year) and the leading automotive OEM. In France we are number 1 and the only company to score over 80 out of 100.
No sustainable development without sustainable purchasing
Our efforts in sustainable development are even more effective when they also come from our suppliers. Thanks to a real sustainable purchasing policy, our Michelin Performance and Responsibility charter sets high environmental standards for our suppliers and 74% of them meet these standards today. We encourage those that remain below to continue their endeavors.
4 new MICHELIN mountain bike tire ranges
In terms of mountain bike tires, our philosophy of “one use, one terrain, one tire” has led us to design 4 new ranges, two dedicated to cross-country and two to all mountain. Developed with competition riders, these two ranges use cutting-edge technology and make sure that everyone can find the best performing and most suitable tire for how they ride their mountain bike.
Michelin supporting the farmers
The MICHELIN EvoBib tire was awarded the gold medal for innovation at SIMA 2017. It is a 2-in-1 tire which can adapt to different requirements and has already been recognized as a genuine revolution in farming tires. At low pressure in fields, its footprint is broader and extends for maximum traction whilst reducing soil compaction. At a higher pressure on the roads, it saves fuel, increases safety with flexible, vibration-free driving.
Launch of the share buyback program for €100 million
In 2017, Michelin is continuing its share buyback. An investment service provider will sell a certain amount of shares to the COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN from 20th February 2017 to 24th November 2017 up to a threshold figure of €100 million for the year. The shares bought will be cancelled.
SIAM: sustainable mobility is a priority
The Monaco International Motor Show (SIAM) is highlighting ecology and innovation. An opportunity to showcase our many initiatives in this field: energy efficiency of our tires, consistent performance from first to last kilometer, our Formula-E commitment, and our support for the hydrogen sector.
MICHELIN X® FORCE™ ZL: the new genuinely tough all-terrain tire
Designed for light civilian and military vehicles (fire trucks, tactical vehicles, etc.), the new MICHELIN X® FORCE™ ZL 335/80R20 tire is the toughest of its kind. More damage-resistant, it can roll flat over 100km and can support up to 3,350kg of load per tire, which means 775kg more than its predecessor at identical performance levels!
FactoLab: a unique laboratory for rethinking redesigning man-machine cooperation
Three University research laboratories in Clermont-Ferrand and the Michelin Group unite their knowledge thanks to FactoLab, a shared R&D laboratory. Its objective? A mid- and long-term research and development program on man-machine cooperation. Particularly in the field of cobotics (non-independent robots interacting with humans) and new digital technologies.
The Michelin Group has announced a price increase of its tires by end of April 2017
Because of the increase in raw material costs, Michelin has announced that it is raising the price of its tires in the European and North American replacement market. This increase, which may be up to 8%, depending on the tires, for the Passenger Car & Light Truck, Truck, Earthmover, Agricultural and Two-Wheel segments, will take effect by end-April 2017. Depending on the changes in raw material costs, the Group may further adjust the price positioning of its products.
Behind the scenes of the MICHELIN guide
The famous MICHELIN guide just keeps on traveling! Four new destinations have been published since last year: Washington DC, Seoul, Singapore and Shanghai. Our inspectors selected the best top quality addresses according to their unchanging criteria: food, only food, nothing but food!
Mondéos guides join Michelin
With the acquisition of the French publishing company Mondéos, Michelin is reaffirming its commitment to travel guides once again. Specializing in leisure activities and producing exclusive guides for travel agencies, Mondéos supplements our offer focused on fine food, accommodation and culture.
Roborace: a race for intelligence
This year there will be a driverless electric vehicle races in parallel with the Formula-E championship. Michelin is one of the three official partners to participate in the competition called “Roborace” where the vehicles must use tires that can be fitted to series-production cars, making this new championship a laboratory for vehicles of the future.
WRC 2017 - MICHELIN tires are ready for a thrilling season!
Michelin Motorsport used the occasion of the Monte-Carlo rally, the 1st race in the season, to celebrate its 50 world championship titles won since 1973. This year again we will be kitting out drivers in the following categories: WRC, WRC2 - where drivers use regular retail tires - and RGT, for Grand Tourer vehicles.
The MICHELIN XDR3 civil engineering tire takes on a new dimension
Thanks to a lifetime and a loading capacity of at least 10% greater than its predecessor, the MICHELIN XDR3 tire helps mine operators to reduce their operating costs. It is now available in a new size, a 3.8m diameter for rigid dumper trucks. The new MICHELIN XDR3 53/80 R63 E4 is available in four types of rubber, to adapt to the specific characteristics of each mine.
MICHELIN CrossClimate+: better performance every season, for longer
Like its predecessor, the new MICHELIN CrossClimate+ tire provides the qualities of a summer tire plus greater traction on snow-covered ground thanks to innovative rubber, a unique tread and high performance siping. But is its performance consistent from the first to the last kilometer? The answer is yes!
MICHELIN Pilot Sport4 S: a premium tire in every sense
Designed from our competition experience and partnerships with manufacturers, the MICHELIN Pilot Sport range is now a benchmark for sports sedans. Today it is joined by a new model, the MICHELIN Pilot Sport4S, which is ahead of all its rivals in track trials. This is a premium tire right down to its look and is available in 35 different sizes.
Successful issue of non-dilutive cash-settled convertible bonds
Michelin has successfully placed a US$500 million bond issue maturing in 2022. Thanks to hedging options, the bonds will be solely cash-settled and will not result in the issuance of new Michelin shares or the delivery of existing shares.