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Car parts supplier Forvia cuts 2024 outlook again, to speed up job cuts

By Yahoo! Finance   |   Sep 27, 2024 at 08:05 AM EST
Car parts supplier Forvia cuts 2024 outlook again, to speed up job cuts

French car part supplier Forvia lowered its annual sales and profit forecasts due to weak markets and delays in China. CEO Patrick Koller cited a significant decline in global auto demand, prompting job cuts and adjustments in targets.

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