Volkswagen threatens to cut Faurecia ties - media


FRANKFURT, July 26 (Reuters) - Volkswagen has threatened to cut business ties with Faurecia over allegations the French car parts supplier used bribes to win contracts from automakers, German media reported on Wednesday. VW Chief Executive Bernd Pischetsrieder wrote to his counterpart at Faurecia parent PSA Peugeot Citroen , Jean Martin Folz, saying that Europe's largest carmaker no longer wanted to work with Faurecia Chief Executive Pierre Levi, the online editions of Der Spiegel and ...

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