Tuesday, October 26, 2010

Michelin Q3 sales rise 23.8 pct to 4.648 billion euros

PARIS, Oct 26 (Reuters) - French tyre maker Michelin (MICP.PA) confirmed its full-year targets with confidence on Tuesday, saying growth was faster than it expected at the start of 2010 in all tyre markets in the first nine months.
Michelin said the North American and European tyre markets -- especiallyRussia -- were recovering after the auto industry crisis, while the Chinese market was growing strongly thanks to government incentives.

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