Michelin Shares Drop as Europe Tire Demand Skids: Paris Mover
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Michelin & Cie and Continental AG fell the most in more than three months after the French company said demand for tires slumped across Europe last month.
Michelin shares declined as much as 4.10 percent, the biggest intraday drop since Oct. 16, and were down 2.3 percent at 1:20 p.m. in Paris. Continental fell as much as 3.8 percent, the most since Oct. 16, and was down 1.2 percent in Frankfurt.