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European automakers squeezed by Chinese market loss and supply dependence
RzeczpospolitaSRC LO·CN · DE · FR·2 days ago
Valdunes, the sole French manufacturer of train wheels, is experiencing severe cash flow difficulties since summer, prompting local officials to support employees. A prefecture meeting is set for Friday to address the crisis. The company's potential closure would eliminate a critical domestic supplier for rail infrastructure, raising supply-chain and industrial sovereignty concerns.
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