Carmakers have stopped cutting sales and output forecasts, a tier one parts supplier CEO has said.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The auto industry’s recovery nonetheless will be long and gradual, Yann Delabriere told newspaper Les Echos, according to Reuters.
Faurecia, majority-controlled by PSA Peugeot Citroen, recently faced protests from workers at its loss-making plant in Auchel who were angry at its planned closure. A strike ended after each was offered EUR3,000 compensation.
