Faurecia

Scandal-hit Faurecia boss quits

The boss of French car parts firm Faurecia, Pierre Levi, has resigned following the start of a criminal investigation into alleged bribery.

Mr Levi’s departure comes as German prosecutors claim Faurecia paid bribes to carmakers such as VW and BMW in order to win their business.

Frankfurt-based prosecutor Sibylle Gottwald said Mr Levi was aware of the bribes but denied direct involvement