14 Oct 2025 | 3 Mins Read
Michelin Stock Drops 11% in Steepest Fall in 5 Years
Flipitmoney
Michelin shares plummeted 11% to €25.53 after the company cut guidance due to worsening market conditions and a sharp fall in North American sales, citing tariffs as a key factor. The French company now expects €2.6-3 billion in segment operating income, down from €3.4 billion. North American sales fell 10%.