UPDATE 1-Valeo Q3 sales rise 14 pct, confirms goals

Newswire

(Adds background, details) PARIS, Oct 20 (Reuters) - French car parts maker Valeo sounded a note of confidence for 2012 after reporting a 14 percent rise in third-quarter sales on Thursday, thanks in part to its expanding activities in emerging markets. The group said it still expects a slightly stronger operating margin in 2011 than last year's 6.4 percent of sales, despite the high price of raw materials, particularly of rare earths, in the second half. Quarterly sales, which reached ...

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