SSUMF - Michelin: Strengthening Its Foothold In Wholesale
Make no mistake, the tire business is a tough one to earn money in. It is a low margin, dirty, capital-intensive business, and global sales are already concentrated in the hands of just a few players. Even at the near oligopoly stage that we find ourselves in today, there are still deals to be made. Compagnie Generale des Etablissements Michelin (MGDDY), or more fondly known as simply Michelin here in the United States, recently announced a very interesting transaction with Sumitomo Corporation (SSUMY) that could have some strong implications for the