FILE PHOTO: The Plastic Omnium logo is seen during the first press day of the Paris auto show, in Paris, France, October 2, 2018. REUTERS/Benoit Tessier
PARIS (Reuters) - Plastic Omnium reported on Wednesday a drop of more than 14% in its third-quarter sales as the French car parts maker reduces costs to blunt the blow of customers' cuts in output over component shortages.
The chip shortage has seen major carmakers worldwide - still recovering from coronavirus disruptions - cut or even suspend their production, eating into demand for auto parts.
Already a subscriber? Log in.
Save 30% and win Bosch appliances! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
