Tyre major Michelin has revised its 2025 outlook ahead of its third quarter (Q3) sales announcement on 22 October, citing a tougher operating backdrop than anticipated in July. The group said on 13 October that the latest Q3 figures point to “further deterioration of the business environment versus expectations made in July” As a result, Michelin now expects 2025 segment operating income at constant 2024 exchange rates to be between €2.6bn and €3bn, compared with a prior indication of above €3.4bn. In Q ...