The following is the summary of today’s report in FAZ:
Without giving any notice to the public, Faurecia Automotive GmbH, the German subsidiary of Faurecia, has lost its Chairman of the Supervisory Board, Thomas Sattelberger. VW is Faurecia’s single most important client (a good 20% of revenue) and Sattelberger had publicly stated that Winterkorn should leave the company just a few days after the diesel scandal came to the surface. In mid-October he called VW an ‘authoritarian regime’ and the ....
18 Nov 2015
VW and Faurecia: a very special relationship
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VW and Faurecia: a very special relationship
Forvia SE (FRVIA:PAR) | 0 0 (-1.4%) | Mkt Cap: 9,624m
- Published:
18 Nov 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2
The following is the summary of today’s report in FAZ:
Without giving any notice to the public, Faurecia Automotive GmbH, the German subsidiary of Faurecia, has lost its Chairman of the Supervisory Board, Thomas Sattelberger. VW is Faurecia’s single most important client (a good 20% of revenue) and Sattelberger had publicly stated that Winterkorn should leave the company just a few days after the diesel scandal came to the surface. In mid-October he called VW an ‘authoritarian regime’ and the ....