Plastic Omnium Sees Limited Exposure To US Car Cos
17 März 2009 - 6:23PM
Dow Jones News
French car parts maker Plastic Omnium (POM.FR) said Tuesday it
has relatively limited exposure in the event of the collapse of one
of the large U.S. automobile corporations.
Chief Executive Laurent Burelle estimated the company's exposure
to Chrysler Corp. at about EUR10 million.
It has virtually no exposure to Ford Motor Co. (F), he told a
group of journalists, with exposure to General Motors Corp.'s (GM)
U.S. operations at between EUR30 million and EUR40 million.
Exposure to GM's European operations is about the same, he
added.
If one of the company's big U.S. customers were to collapse, he
said, it would be "very nasty, but not fatal" to Plastic Omnium,
which makes bumpers and front-end modules for cars.
-By David Pearson, Dow Jones Newswires; +331 4017 1740;
david.pearson@dowjones.com