Valeo Lowers 2020 Targets While Securing 1 Billion Euros Additional Credit
"Shutting its plants in Europe and North America since mid-March, French car parts group Valeo has now announced reducing its 2020 financial outlook. While having secured an additional one billion Euros ($1.1 billion) in extra credit lines, uncertainty on the crisis resolving any time soon has necessitated the financial warning. With the added bank credit lines, Valeo now has a total of 2.3 billion Euros in credit facilities to draw on at this critical time" - Vinay Piparsania
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Apr 21, 2020
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