Car Parts Suppliers Are Suffering Amid Lockdowns
Bloomberg Markets and Finance - 06 Apr
The coronavirus pandemic has shaken the car sector to the core. Population lockdowns have led automakers to close assembly lines and showrooms, and the knock-on effects are being felt by suppliers including France's Valeo SA. “It is clear that the next few weeks will be difficult in Europe and North and South America,” Valeo Chief Executive Officer Jacques Aschenbroich said in an interview on "Bloomberg Markets: European Open."