Suppliers Speed Expansion To Catch Up With OEMs

French parts maker Faurecia will invest EUR11.5mn to grow its manufacturing base in Slovakia in anticipation of increased business as a result of similar expansions from original equipment manufacturers (OEMs). BMI points out that the presence of auto majors such as Kia Motors, PSA Peugeot Citroën and Volkswagen (VW) in Slovakia, the country's low labour costs, as well as government support, have made it an attractive destination for parts

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