Valeo ahead of schedule with cost reduction program, CEO says
22/05/2025 14:44
PARIS, May 22 (Reuters) - French carmaker Valeo VLF.PA Valeo is ahead of schedule with its cost reduction program, which will be rolled out by Summer, Chief Executive Christophe Perillat told shareholders on Thursday. Valeo targets 150 million euros in cost cuts this year and over 300 million euros per year from 2026. (Reporting by Gilles Guillaume, Writing by Dominique Vidalon;Editing by GV De Clercq) ((dominique.vidalon@thomsonreuters.com; +33149495432; Reuters Messaging: dominique.vidalon.reuters.com@reuters.net))