Michelin : Replacement still much stronger than OE in July
>Volumes expectations reset behind us and July replacement trends positive - Overall, July volumes continued on the same trend as in previous months with replacement volumes globally positive and OE trend conversely negative, both in passenger cars and trucks. These figures should not surprise much, being in line with most tyre makers’ messages during the earnings season in late July/early August. As a reminder, Michelin cut its FY volumes assumption and now expects v...
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