financetom
Business
financetom
/
Business
/
Tire maker Michelin to close plant in central Mexico, newspaper reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Tire maker Michelin to close plant in central Mexico, newspaper reports
Jun 9, 2025 12:52 PM

MEXICO CITY (Reuters) -Tire maker Michelin is set to close a plant in the state of Queretaro in central Mexico by the end of this year, newspaper Reforma reported on Monday, citing a statement from the company's local unit.

The decision was a last resort, prompted by changes in the passenger car and light truck tire market, Reforma reported. It would affect some 480 employees.

Reuters was not able to independently verify the report and the company did not immediately respond to a request for comment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
NASA, SpaceX try again to launch rocket set to bring back stuck astronauts
NASA, SpaceX try again to launch rocket set to bring back stuck astronauts
Mar 14, 2025
WASHINGTON, March 14 (Reuters) - NASA and SpaceX on Friday will count down to a long-awaited crewed rocket launch that will allow them to bring home U.S. astronauts Butch Wilmore and Suni Williams, who have been stuck on the International Space Station for nine months. SpaceX and the U.S. space agency had planned on Wednesday to launch from Florida a...
Global equity funds see declining demand on esclating trade tensions
Global equity funds see declining demand on esclating trade tensions
Mar 14, 2025
(Reuters) - Global equity funds saw weaker demand in the week through March 12, amid a global stock sell-off driven by concerns over U.S. tariffs and its escalating trade wars. Investors put just $3.21 billion into global equity funds for the week, sharply down from an average weekly inflow of $11.6 billion in February, LSEG Lipper data shows. European equity...
ING Comments on Euro, Poland's Zloty
ING Comments on Euro, Poland's Zloty
Mar 14, 2025
06:04 AM EDT, 03/14/2025 (MT Newswires) -- The foreign exchange options market had been warning about last week's upside spike in EUR/USD, however, the latest indications suggest that the upside appetite is fading, wrote ING in a note The one-month EUR/USD risk reversal has softened quite a lot. Last week, this pricing showed a skew for euro (EUR) calls over...
Update: Rio Tinto's Over 400 Workers at Paraburdoo Mine Sign Petition to Support Collective Bargaining, Union Says
Update: Rio Tinto's Over 400 Workers at Paraburdoo Mine Sign Petition to Support Collective Bargaining, Union Says
Mar 14, 2025
06:05 AM EDT, 03/14/2025 (MT Newswires) -- (Updates with Rio Tinto's response in the fourth paragraph.) Rio Tinto's (RIO) more than 400 workers at its Paraburdoo mine represented by the Western Mine Workers Alliance have signed a petition to support collective bargaining, the Alliance said Thursday in a Facebook post. The Alliance, collectively formed by the Australian Workers' Union and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved