Valeo swings to first-half loss, cuts costs due to coronavirus hit

The French supplier’s loss of $1.4 billion was impacted by $716 million in one-off charges in the period. It said business had picked up China and the United States but the recovery was slower elsewhere, including in Europe.

source https://www.autonews.com/suppliers/valeo-swings-first-half-loss-cuts-costs-due-coronavirus-hit