FILE PHOTO: The Plastic Omnium logo is seen during the first press day of the Paris auto show, in Paris, France, October 2, 2018. REUTERS/Benoit Tessier
PARIS (Reuters) - Plastic Omnium reported on Wednesday a drop of more than 14% in its third-quarter sales as the French car parts maker reduces costs to blunt the blow of customers' cuts in output over component shortages.
The chip shortage has seen major carmakers worldwide - still recovering from coronavirus disruptions - cut or even suspend their production, eating into demand for auto parts.
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