“Operating margin should improve over the first half, mainly driven by rampup of synergies, increased benefit from inflation pass-through and confirmed resolution by the end of the third quarter of the challenges related to a seating program in Michigan,” the company said.
Stellantis declined to comment on the Forvia contract.
Contract disputes between suppliers and automakers have become prevalent in the wake of the COVID-19 pandemic and supply chain crisis that ensued. In most cases, those conflicts have been settled