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According to Michelin tire company official data, Michelin's sales rose 10.6% in the third quarter of this year to 5.1 billion euros (6.8 billion US dollars), the first three quarters of sales rose 17.3% to 15.2 billion euros (20.2 billion US dollars). 
This year, vehicle sales have been unstable. When talking about the tire market today, Michel Rollier, president of Michelin tires in France, said: “The overall global tire market is stable and in good condition, but the European heavy-duty truck tire market is a With exceptions, the situation is not optimistic."
It is reported that Michelin tires earlier this month announced the sale of 9.98% shares of its Hankook tires . The purpose is to simplify the product line and obtain liquidity. By selling its stake in Hankook Tire , Michelin can raise funds of US$ 610 million.
â— About Michelin tires â—
The Michelin Group is the world leader in tire technology and was founded more than a hundred years ago in Clermont-Ferrand, France. During the long journey, the Michelin Group invented the first bicycle detachable tire in 1889 and the invention of the first pneumatic tire for passenger cars in 1895. It has been invented in tire technology and manufacturing.