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Faurecia sees sales drop 10% in Q3

The car parts manufacturer has posted a 10% drop in sales for the third quarter of 2021 as semiconductor shortages continue to cause production delays in the automotive sector.

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Leather product makers look for delay compensation

Restrictions and lockdowns have resulted in production delays for leather goods manufacturers in Vietnam, and now foreign customers are cancelling and demanding compensation, according to the Vietnam Leather, Footwear and Handbag Association (Lefaso).

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CCC “digitises” 750 European stores

CCC, the Polish footwear retail group has announced the “digitisation” of 750 of its stores in Central Europe, which are now equipped with “e-kiosks”, providing customers with an online shopping option in-store.

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Calling out car makers on their hypocrisy

In February and March, BMW Group owned brand Mini and Volvo Cars have become the latest major car manufacturers to have announced a departure from leather in the interiors of their next generation vehicles. Both companies cited a move towards greater sustainability amid a host of green initiatives, including a focus on electric mobility, and stated that going forward they would offer fabric or leather alternatives instead.

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Lectra completes the acquisition of Gerber Technology

The French technological solutions provider has finalised the acquisition of all outstanding shares of Gerber Technology for €175 million plus five million newly issued Lectra shares to AIPCF VI LG, Gerber Technology’s sole shareholder.

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Rolls-Royce best first quarter results to date

Across the BMW, Mini and Rolls-Royce brands, BMW Group has delivered a total of 636,606 vehicles, up 33.5%, and achieved a record high for the first quarter of 2021. Rolls-Royce Motor Cars had its best first quarter results in its 116-year history.

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