Faurecia: abandons annual targets
(CercleFinance.com) - Due to the global crisis, Faurecia has warned that its annual financial targets for 2020 are no longer valid, and that it will present new targets as soon as the macroeconomic outlook for the rest of the year is clearer.
Faced with this unprecedented situation, the automotive supplier immediately went into crisis management mode to adjust, in real time, its response to the development of the impact of the pandemic on its employees, clients and suppliers.
It has had to shut down many of its production sites in Europe and will close sites in North and South America, although says that it is ready for a secure resumption of production when the time comes, with it currently restarting production in China.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
Faced with this unprecedented situation, the automotive supplier immediately went into crisis management mode to adjust, in real time, its response to the development of the impact of the pandemic on its employees, clients and suppliers.
It has had to shut down many of its production sites in Europe and will close sites in North and South America, although says that it is ready for a secure resumption of production when the time comes, with it currently restarting production in China.
Copyright (c) 2020 CercleFinance.com. All rights reserved.