Valeo Seeks Buyers for Three French Sites Amid Demand Slowdown.

Auto supplier Valeo is looking for buyers for two car parts plants and a research and development center in France due to a decline in car production in Europe. The plants no longer have enough business, and the research center would require expensive renovations to continue operating. Valeo is considering all options, including selling to Chinese buyers, but the priority is to protect jobs. The decline in demand for electric vehicles in key markets like Germany and Italy, along with the shift of production and resources to lower-cost countries, has put pressure on auto suppliers. Valeo is open to relocating some research and development jobs to other sites in the Paris region if necessary. [Extracted from the article]