Valeo sees strong N. America growth only in 2006

Newswire

MONTREUX, Switzerland, June 28 (Reuters) - Europe's largest listed car part maker, Valeo , expects a significant upturn in its North American business only in 2006, Chairman and Chief Executive Thierry Morin said on Monday. The French group has been recovering in North America after problems at a U.S. unit pushed it into a loss in 2001. Orders in North America are looking good, Morin told an Automotive News Europe conference in Switzerland. But he added: "In terms of sales we are going ...

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