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Michelin Has Miles To Go- US-FOREX.US
With demand crumbling, tire maker Michelin is not yet out of the woods. Still, the Paris-based company managed to post a small operating profit and stuck to its cash flow goals, cheering investors.Shares of Michelin rose 6.4%, or 3.02 euros , to 50.53 euros in morning trading in Paris. “In this environment it is hard… »
Volkswagens Balancing Act – US-FOREX.US
It might not be selling as many cars as it wants, but it does have plenty of cash. Europe’s largest car maker, Volkswagen managed to beat expectations with second quarter profits as it gathered seemingly more than enough cash to buy Porsche ahead of its tie up with the sports car maker. Stuttgart, Germany-based Volkswagen… »