Brief: Europe needs to target local content threshold for cars no lower than the 75% imposed by U.S, says Forvia Chairman

Valeo SE

04/11/2025 10:28

Nov 4 (Reuters) - Valeo VLOF.PA/FORVIA:

EUROPE NEEDS TO TARGET A LOCAL CONTENT THRESHOLD FOR CARS NO LOWER THAN THE 75% IMPOSED BY THE US, SAYS FORVIA CHAIRMAN

VALEO CEO SAYS HE WOULD RECOMMEND THAT EU 2035 COMBUSTION ENGINES BAN EXCLUDES TECHNOLOGIES OTHER THAN PURE ELECTRIC VEHICLES

Further company coverage: VLOF.PA

 (Reporting by Gilles Guillaume;
Editing by Sudip Kar-Gupta)

 ((sudip.kargupta@thomsonreuters.com;))