Autoneum gets vote of confidence from two big shareholders, after news of likely 2019 loss

CLOVERDALE, CA, January 9, 2020-

Autoneum Holding Ltd. got a vote of confidence last month from two major shareholders, in the form of a pair of subordinated loans with fixed terms expiring in just over a year. The news came less than two weeks after the Swiss automotive specialist said problems with its North American market were likely to force it to report a net loss for 2019.

The company said it expects to achieve success in its financial plans but that getting there would take a year longer than previously expected.

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