UPDATE 1-Valeo Q2 sales plunge, slips to net loss

Newswire

* H1 sales down 28.4 pct at 3.472 bln euros * H1 net loss 213 mln euros vs 100 mln profit in H1 2008 * H1 negative operating margin of 51 mln euros * Positive op margin of 15 mln euros in Q2 * H1 free cash flow 4 mln euros; 84 mln euros in Q2 (Adds details) PARIS, July 28 (Reuters) - French car parts maker Valeo on Wednesday posted lower sales and made a loss for the second-quarter but revised its forecast for worldwide car production upwards for the year as a whole. Valeo said ...

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