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@ Layer3.news
2025-03-01 08:06:20
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CAR PARTS SUPPLIER FORVIA TO PASS ON COST OF US TARIFFS TO CUSTOMERS
https://media.zenfs.com/en/reuters-finance.com/e8604210e18749430fc6321e22c4c502
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✍️ French car parts supplier Forvia is drafting a plan to deal with the impact of US tariffs on its Mexican operations and plans to pass on costs to customers.
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👉 Forvia is drafting an action plan to deal with the impact of US tariffs on its Mexican operations
👉 The company plans to pass on costs to customers
👉 Forvia joins peer Valeo in saying car part suppliers cannot bear the burden of tariffs alone
👉 The company sees 2025 sales at around last year's level, reflecting a downturn in European and North American automotive demand
👉 Forvia anticipates a sales drop in the contracting European and North American markets, but sees growth in South America and China
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#NathanVifflin #MathiasdeRozario #OlivierDurand #DonaldTrump #MichaelFoundoukidis #Mexico #Canada #France #China #NorthAmerica #Europe #SouthAmerica #business
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