The French company said in statement that it has the funds required to continue its activities and that several industrial investors have committed to making bids for the company. It says it hopes to select a preferred bidder by June, with its intention for the new owner is to commit to delivering financial and personnel investments that will support the company's modernisation and long-term sustainability.

Valdunes added that the change in procedure would not have any impact on its current and future relationship with customers or suppliers. In the same statement the company confirmed that it had agreed a contract with GHH-Bonatrans for the supply of 22,000 "black" forged wheels, which will be delivered up to June 30, 2015.