JOURNAL ARTICLE

France Is 'Killing' Its Industry With Taxes, Michelin CEO Says.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Torsoli, Albertina 3 of 3

Abstract

The CEO of Michelin, Florent Menegaux, criticized France for its high taxes, stating that they are detrimental to the country's industrial sector. Menegaux warned that excessive taxation could lead to businesses relocating elsewhere. Michelin has been forced to close several plants in Europe due to high production costs, and is now focusing on expanding abroad and investing in new sectors to adapt to the challenging environment. The company is also considering acquisitions in Italy to grow its presence in the region. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/02, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • Accession Number:183349484
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