Michelin Withdraws From Shanghai Motor Show
The Michelin Group has withdrawn from April’s Auto Shanghai 2009 motor show, reports Chinese news outlet Sina Corporation. The company has attended the show during the past decade and maintained a significant presence there. A member of Michelin’s public relations team stated that the company will cut back on its exhibition presence this year. “The whole industry is in difficulty and we also have to do some adjustment and scale-down,” the representative explained. Michelin is, however, still scheduled to attend the IAA show in Frankfurt, Germany, in September.
Numerous other companies have announced their absence from the show, including Delphi, Magna, ArvinMeritor, and Daihatsu Motor and Fiat Auto. The global financial crisis is the key reason given for such decisions.