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Michelin Profits Forecast

Financial analysts are predicting that Michelin’s net profits for 1999 will be between 350 million and 661 million Euros. The reason for the unusually large spread is that no-one knows exactly what provisions will be made in the accounts to cover charges for restructuring.

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Related news:

  1. Michelin Changes Accounting Standards
  2. Hankook Execs Predict Slow Tyre Market for 2006
  3. Analysts: OTR Tyre Markets Remain Strong
  4. Michelin Expected to Report 7.2 billion euros 1H Sales
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Profit Expectations At VW Have To Be Reduced

According to the German magazine Stern VW has to reduce its profit expectations for the actual business year by 1.9 billion DM in comparison with its mid-term forecast. In February VW-boss Ferdinand Piëch already requested better results from subsidiary companies Audi, Seat and Skoda. Critics fear that the latest excursion into the luxury-segment (D1) will have a negative effect on the core business of VW.

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Related news:

  1. Now Ferrari May Protest Past Results
  2. Bridgestone 2003 Profit Up
  3. Analysts Predict Higher Sumitomo OP than Management
  4. VAG Approval For Beissbarth Tyre Changer
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