COVID-19 impact: French supplier Novares goes into temporary receivership


Novares expects to reach a solution before the end of receivership period on 28 May

Novares went into temporary receivership at the end of April, according to a report by Reuters on 11 May. The French automotive supplier sought protection from its creditors after its sales dropped sharply due to the COVID-19 pandemic and the company struggled to reach agreement with its bank and shareholders to solve cash crunch.

Thank you for visiting IHS Automotive AutoTechInsight.

*A subscription to News & Analysis includes four IHS Markit-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Services. Please click here to subscribe.

For a free daily listing of headlines with limited access please sign up here.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload