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Industry: Email Alert RSS FeedMatra waits on possible rescue by German supplier.(News)
Automotive News Europe, February, 2003
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Byline: Sylviane de Saint-Seine Automotive News Europe
Matra Automobiles expects to know by the middle of next month whether German supplier Albert Weber will acquire it.
The French coachbuilder needs a rescuer. At stake is the future of Matra's plant at Romorantin. The central France factory is running under capacity since it stopped building Renault's Espace minivan in October.
"By mid-March we expect to know the outcome of the negotiations with potential buyers, most notably Weber," said Matra spokeswoman Arielle de Clermont-Tonnerre.
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