PARIS – Automotive suppliers in France have won a small financial victory in negotiations with Renault SA and PSA Peugeot Citroen: having their bills paid an average of 15 days earlier. French Prime Minister Dominique de Villepin in November asked the industry’s supply chain to work out a deal on payments or he would work out a law. Renault and PSA were paying their bills 90 days after the month they were received, which amounted to an average 105 days. German business rules require ...
Premium Content (PAID Subscription Required)
"French Auto Makers Agree to Pay Suppliers Sooner" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642