PARIS -- Faurecia expects a 65 percent to 70 percent fall in second-quarter sales in Europe and North America due to the coronavirus crisis, Chief Financial Officer Michel Favre told the French supplier's annual shareholders meeting on Friday.
The company expects its sales globally to fall by about 50 percent in the quarter at constant exchange rates, Faurecia said in a statement released after the meeting.
First-half sales could fall by around 35 percent, the supplier said, with April the low point due to lockdowns in Europe and North America.
Global car sales have slumped as measures to contain the pandemic forced production lines to shut and showrooms to close.
