28-02-2025
Valeo CEO: Have to Pass On Tariffs Costs to Customers
Christophe Périllat, CEO of French car parts maker Valeo, says the company will have to pass on to customers any increase in costs from potential new trade tariffs. In a difficult environment for the auto industry, the company has already closed down some factories and will continue to make 'adjustments' if necessary. Périllat spoke to Bloomberg TV from Paris on the back of the company reporting organic revenue down 3% in the fourth quarter. (Source: Bloomberg)
