Valeo posts lower sales as auto industry weakness persists

By Reuters News

- French car parts supplier Valeo VLOF.PA reported a 2.3% drop in its third-quarter sales, slightly missing market expectations, impacted by the continued weakness in the automotive industry.

Quarterly sales came in at €4.88 billion ($5.47 billion), compared with €4.93 billion expected on average in the company-provided consensus.

($1 = 0.8921 euros)

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