Under the proposal, ALFA shareholders will receive one share of Nemak-Holding for each of their ALFA shares, in addition to retaining their share ownership in ALFA's equity.
Our second quarter reflected unprecedented plant shutdowns in the global automotive industry and weakened demand for new vehicles across all regions, given the COVID-19 pandemic. We stepped up efforts to adapt to evolving industry conditions along two main fronts: safeguarding the well-being of our employees while further optimizing costs, expenses, cash flow, and liquidity.
During these 3 days, we displayed our first "Integrated Hollow Casting Sub-frame" in serial production. <<READ MORE>>