EXCLUSIVE: FRANCE: Valeo boss sees European car market down 5% this year, problems for Big 3 in NA
Speaking exclusively to just-auto managing editor David Leggett at Valeo's Paris headquarters, Valeo chairman and CEO Thierry Morin said yesterday that 2003 will not be a good year for the automotive industry. He also declined to forecast an improvement in Valeo's operating margin to six percent from 2002's five percent.
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