French auto parts maker Valeo VLOF.PA announced a less ambitious sales target for 2025 on Thursday.
The group announces that it now forecasts a figure of 24.5 to 25.5 billion euros in 2025, compared to 27.5 billion euros previously, citing a drop in automobile production.
The objectives published in February 2022 were established on S&P Global Mobility estimates estimating production at 98.5 million light vehicles, Valeo specifies.
(Reporting Jesus Calero and Nathan Vifflin)