What is the relationship between Michelin and tire in the context of the input sentence. Choose an answer from: product/material produced; manufacturer; distributed by; industry; position held; original broadcaster; owned by; founded by; distribution format; headquarters location; stock exchange; currency; parent organization; chief executive officer; director/manager; owner of; operator; member of; employer; chairperson; platform; subsidiary; legal form; publisher; developer; brand; business division; location of formation; creator.

On the downside, French tire maker Michelin (Paris: FR0000121261 - news ) fell sharply after its first-half operating profit came in lower than expected, while Norway's Statoil (Xetra: 675213 - news ) slipped into the red after it posted a 16% drop in second-quarter net profit.

Answer: product_or_material_produced