France-Supplier

The French automobile supply industry is in serious trouble, and efforts to speed up payments to small suppliers will only slow down the exodus of jobs. A recent study of 18 Tier 2 suppliers by Deloitte Finance in Paris found that the average operating profit last year was -0.8%. Indeed, six of them were “in a catastrophic situation”, averaging -8.9% operating profit, according to Dominique Evrard, an associate at Deloitte Finance.