Valeo targets 5 pct underlying sales growth in '05

Newswire

PARIS, July 23 (Reuters) - French car part maker Valeo aims to lift underlying sales by five percent in 2005, a spokesman for the company said on Friday. "(Valeo Chairman) Thierry Morin is aiming for five percent underling sales growth next year," the spokesman said, adding this excluded the impact of exchange rate swings and acquisitions.

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