PARIS – There has been a lot of talk about industry consolidation among suppliers during the current economic crisis, but Faurecia SA, which had €12 billion ($15.4 billion) in sales in 2008, is hunkered down for survival and won’t participate. “In the short term, we are managing cash to reinforce ourselves, not spending it,” CEO Yann Delabriere says in presenting Faurecia’s annual results. “When we come out of this, we can think about (acquisitions).” Faurecia doesn’t expect a mild ...
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