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Home > Finance > Valeo ahead of schedule with cost reduction program, CEO says

Finance

Valeo ahead of schedule with cost reduction program, CEO says

Published by Global Banking and Finance Review

Posted on May 22, 2025

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PARIS (Reuters) -French carmaker Valeo Valeo is ahead of schedule with its cost reduction program, which will be rolled out by Summer, Chief Executive Christophe Perillat told shareholders on Thursday.

Valeo targets 150 million euros in cost cuts this year and over 300 million euros per year from 2026.

(Reporting by Gilles Guillaume, Writing by Dominique Vidalon;Editing by GV De Clercq)

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