The revised outlook came as it reported a second quarter net loss of EUR54m (US$76.39m). First half sales fell 28.4% to EUR3.74bn.
Valeo predicted a rebound in vehicle production in the third quarter “through the combined impact of incentive programmes for new vehicles in Europe and the return to growth in emerging markets.”
The company added it had shed 4,500 of the 5,000 workers it announced would go at the end of 2008.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Neonode has won the Innovation Award for Driver Monitoring Softwarefor its camera-based, MultiSensing®-powered solution that delivers precise hands-on-wheel detection, regulatory-ready safety performance and low-footprint integration. Discover how Neonode is redefining driver monitoring, UX and compliance for next-generation semi-autonomous vehicles.
