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AUTO PARTS <strong>Michelin to exit Russia</strong> French tire group Michelin yesterday said it plans to transfer its activities in Russia to local management, the latest foreign firm to exit the country following Moscow’s invasion of Ukraine. The new entity would operate through an independent structure from Michelin, the company added. Michelin Russia employs about 1,000 people, most at the Davydovo plant near the capital, where it has an annual production capacity of up to 2 million tires. Michelin sales in Russia represented 2 percent of the group’s total sales and 1 percent of its worldwide car tire production. TECHNOLOGY <strong>Toshiba elects directors</strong> Toshiba Corp

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