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 ...
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