Michelin shares tumble 9% after slashing 2025 profit outlook
NegativeFinancial Markets
Michelin's shares have dropped by 9% following a significant reduction in their profit outlook for 2025. This decline reflects concerns among investors about the company's future performance and market conditions. The adjustment in profit expectations raises questions about Michelin's ability to navigate challenges in the automotive and tire industries, making it a critical moment for stakeholders to reassess their positions.
— Curated by the World Pulse Now AI Editorial System