Michelin cut its guidance for the year after weaker demand caused by high interest rates hurt sales in the first nine months.

Michelin backed its full-year outlook despite lower sales revenue in the first quarter on softer demand. Sales for the French tire manufacturer fell to €6.64 billion ($7.11 billion) from €6.96 ...

(Reuters) -Michelin on Wednesday cut its sales volume forecast for the full year as the French tyre maker reported third-quarter sales that fell short of market expectations due to weaker demand.