Aluminium facing auto headwinds, Constellium's top executive says

The downward trend in automotive sales in the United States, Europe and China is weighing on aluminium suppliers, although its impact on Constellium NV has been modest, the company’s top executive said.

Constellium chief executive officer Jean-Marc Germain highlighted the growth in the company’s automotive sector during a call on the company's second-quarter earnings results.
The results would have been greater if not for the “difficult auto market,” he said.

“Our auto shipments have increased by 17% in the first half of the year, but if the [auto] market had done better, if automakers had launched some new models, we would have done better,” Germain said during the call on...

Published

July 24, 2019

22:03 GMT

New York