Nathan Vifflin and Mathias de Rozario
(Reuters) -French parts of Forvia car produces an action plan on how to cope with the impact of US tariffs on his Mexican surgery and plans to transfer costs to customers, the Friday said.
Forvia is joined by Peer Valeu, saying that suppliers of part of the car cannot bear the burden of tariffs only while the car sector catches a persistent fall in car production.
“We have defined what will be necessary for the whole influence to be transferred to our clients and suppliers. Because we cannot do otherwise,” said Forvia Olivier Durand Cinemas Director at a press conference.
The shares in the group slipped 18.6% to 0822 GMT to the bottom of the French index of the SBF120, on the trail for their biggest daily fall ever.
US President Donald Trump said 25% of tariffs on all goods coming to the United States from Mexico and Canada will enter into force on March 4.
As the forvia supply chain is regionally integrated, with the goods produced in its Mexican export plants in the United States, it would not affect further tariffs on imports coming outside North America, Durand said.
Forvia also announced that he sees 2025. Sells at last year’s level, which reflects the fall in European and North American car demand that is withdrawn to the New Year.
The company has announced that it predicts sales decline in European and North American markets, but sees growth in South America and China.
Forvia demanded that the alliances from several Chinese car manufacturers be made to make up for the sales fall with which his Western customers such as Ford, Stellantis and Volkswagen are facing.
Durand said that the company is now the fifth of the largest car equipment supplier in China.
Forvia said in her annual earning report that he sells between 26.3 billion euros and 27.5 billion euros ($ 27.32 billion-286 billion) at 2025, compared to 26.97 billion euros he reported for 2024.
The 2025 guidelines are likely to be considered more careful, while the results for 2024 came in mixed, said Michael Foundoukidis, an analyst in Oddo BHF.
The prospects are based on the estimated worldwide car production of 89.5 million vehicles this year, Forvia said, taking into account the US tariffs already implemented.
The analysts surveyed by LSEG expected € 27.74 billion in sale in 2025.
($ 1 = 0.9628 euros)
(Reporting Nathan Vifflina and Mathias de Rozario; Mounting Christopher Cushing and Jan Harvey)
