By Dominic Chopping
--Michelin is considering accelerating U.S. investments to counter the threat of tariffs, Financial Times reports, citing Chief Executive Florent Menegaux.
--The French tiremaker has 35 factories across North America, but said it can't guarantee that 100% of all the products, all the components and all the materials it uses there are produced locally, according to FT.
--Michelin won't rush into decisions or drastically change strategy, but accelerated investments in its U.S. factories could mean that it slows down projects elsewhere, FT reports.
--CEO Menegaux said that exporting from Europe is no longer economical, FT says.
Full story: https://tinyurl.com/ym2pu9je
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
February 11, 2025 02:30 ET (07:30 GMT)
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