France ‘kills its’ platform for tax, said Michelin

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“It kills your economy in the economy when putting taxes higher than other countries,” the French Tiremaker’s CEO in the discussion in Paris. “Currently, accurate and direct taxes in France is very high in Europe. Do not expect companies to achieve all the time.”

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French budget this year includes more than € 8 billion ($ 8 billion) in the provision of company tax and a part of the budget.

Menteliaux is among the French Corporate leaders warned that the results of a long government disaster has leased and investing. The higher rent in the drop included in the auto industry throughout Europe and forced Michelin to close three plants in Germany, two in France. Manufacturing in Europe is expensive as Asia, a very magnifying gap since 2019, the center said.

“We must re-adapt our Industrial Industries in Europe to remove less because they are not economically,” he said. The company has 50,000 employees in Europe, including approximately 18,000 in France.

In the Michelin, as other large European industrial groups, the regional concern – including the highest strengths and labor costs and red Tape – Mrgest Red President Donald Trump increased his trade threats.

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“Let’s wait and see, but in the world of the world, the ways are very complex,” Menegauux said. “When you start putting tax prices, it becomes too weak to understand what the results will be.” He warned that it would mean expensive tires of the US consumer.

To make powerful weather, Michelin has been focused on international and investing in additional highlands including mining, flight and agricultural tires. It also increases its push of diversity, entering the army areas and astronomical cloths while working in the new generation of a dangerous glue, Menagaux said.

The discovery of Italy

Medical devices are another place to grow company. The acquisition string has already been allowed Michelin to develop incomes that allow for repairs, recovery and rehabilitation of human tissue.

Since its important markets become Murky, Michelin is able to find out to grow in Italy, with a rich tradition of strong family business governments controlled by the Niche. Michelin looks at medium-sided businesses against the problems of chronological order.

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“A lot of time is a very well running businesses that are already sent out Italy,” said CEO. “There are many lovers of Italy, where the economy can be affected than what we see in Germany, France and Spain right now.” The company already has two plants in the country.

Michelin wants the Bolt-on Detection, but the company does not govern M & A, said Menegaux. It has a limited “most powerful” sheet and a limited level of credit, which gives fire strength to purchase.

“Without requesting the market that it has helped us to awake the 10 billion to make what we want,” said CEO.

Competition laws in Europe “need to be reviewed” to allow CROSS-Border Comprehensive dealers to be strong between the CUT-Thro-Throspand competition, Menaux said.

“The tire industry is still a separate industry. It requires integration,” says the center.

The company does not have “no project right now,” said CEO, when asked if he could consider a Germany’s Contivelan Continist.

-With Help from Vidya Root, Stefan Nicola, Benoit Berktit, Frank Connect and Craig Trudell.

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