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Michelin (/ ˈ m ɪ ʃ əl ɪ n, ˈ m ɪ tʃ əl ɪ n / MISH-əl-in, MITCH-əl-in, French:), in full Compagnie Générale des Établissements Michelin SCA ("General Company of the Michelin Enterprises P.L.S."), is a French multinational tyre manufacturing company based in Clermont-Ferrand in the Auvergne-Rhône-Alpes région of France.
The company came into existence when the tyre plant OZOS „Stomil”, founded in 1967, was privatized in 1992. In 1995, Michelin acquired the majority share in Stomil. [2] From 1995 to May 28, 2004, Stomil was quoted at the Warsaw Stock Exchange. In 2005, Michelin gained full control of Stomil and renamed it to 'Michelin Polska S.A.'. [1]
In 1959, the Automotive tyre factory was founded. In 2007, the French company Michelin became a major shareholder of the company. [2] In February 2008, Michelin bought the remaining shares of Tigar Tyres for $47 million. With this acquisition, Michelin would become 100 percent owner of the company by 2010. [3]
ATS Euromaster Ltd. is the British affiliate of the European tyre service provider Euromaster, which is a subsidiary of the tyre manufacturer Michelin. ATS Euromaster was established in 1965, and has a network of service centres throughout the United Kingdom.
Pierre Michelin's period at the head of the company saw the correction of early teething troubles on what became a successful and ultimately very profitable model for the company. [1] The Citroën acquisition which Pierre Michelin led marked the beginning of a defining partnership for both companies that would last for more than forty years. [3]
In March 2018, French tyre maker, Michelin, launched a bid to buy the company for £1.3 billion. [5] The acquisition was completed in May 2018. [6] Operations.
The single-item based on a Citroën DS Break., built in 1972 by French tire manufacturer Michelin, when Michelin was a shareholder of car manufacturer Citroën. The PLR was used on the Test Track Ladoux, in Clermont-Ferrand. Michelin no longer uses the vehicle for evaluation, but instead as promotional vehicle at fairs and exhibitions.
Active Wheel was a Michelin-developed tire which incorporates an electric motor and suspension [1] It was presented at Challenge Bibendum 2004's edition on the Hy-Light concept car and showcased during Paris Motor Show "Mondial de l'automobile"in 2008 both on the Venturi Volage electric sports car and on the Heuliez Will. [2]
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