French car parts maker Valeo cuts sales guidance amidst Europe's auto woes
Oct 24 (Reuters) -French automotive supplier Valeo VLOF.PA on Thursday cut its annual sales guidance for the second time this year, joining its European peers hit by the weakening Chinese economy.
It now sees 2024 sales at 21.3 billion euros ($23 billion) versus 22 billion euros previously.
The company maintained its margin and free cash flow guidance for the year.
($1 = 0.9260 euros)
Reporting by Andrey Sychev; Editing by Andrew Heavens
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