March 27, 2020 / 7:11 AM / 4 months ago

French car parts group Faurecia drops its financial guidance

PARIS, March 27 (Reuters) - French car parts company Faurecia abandoned on Friday its financial guidance, due to the hit to its business caused by the coronavirus crisis.

“We are going through an unprecedented crisis of an uncertain duration, even if we are seeing positive signs of normalization coming from China,” Faurecia CEO Patrick Koller said in a statement.

Faurecia added it had a solid balance sheet, with 900 million euros ($993.5 million) of credit lines available.

$1 = 0.9059 euros Reporting by Sudip Kar-Gupta; Editing by Mark Potter

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