Gestamp eyes opportunities created by the pandemic

The global footprint of Spanish metal parts supplier Gestamp makes it very well placed to understand the effects the coronavirus pandemic is having on the auto industry. Gestamp’s first-quarter profit declined but it still maintained a 9.6 percent EBITDA margin. Despite disastrous second-quarter vehicle sales in Europe and the U.S. because of the pandemic, Gestamp Chairman Francisco Riberas says he will fight hard to remain profitable in 2020. He also told Automotive News Europe Correspondent Nick Gibbs how the crisis might even help Gestamp grow.