Italian brake system designer
and manufacturer Brembo Group's Executive Vice President Matteo
Tiraboschi said the company will approve its first quarter
results on May 8, adding that "at this time it isn't possible to
comment".
Tiraboschi's statement came in response to a shareholder's
question during the company's shareholder meeting at its
headquarters in Stezzano, in the province of Bergamo.
"In general, the year got off to a good start. It's going
well, despite the fact that the (euro-dollar) exchange rate
effect will be with us for all of 2018," he said.
Speaking about the drop in car sales, he said that "there is
a bit of concern on how the market is going".
"It's also true that we participate in a different auto
market, a very high-end one, which tends not to be touched by
decreases in orders," he said.
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