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VLEEY - Valeo Weak Second Quarter Shouldn't Overshadow The Long-Term EV Story
Valeo SA ADR
Even though the second quarter was a pretty rough one for the auto sector, Valeo (OTCPK:VLEEY) held up okay in some respects. There are some issues to discuss with respect to orders, writedowns, and the balance sheet, but I believe these are transitory problems, and I continue to believe that Valeo is the best play on EVs in Europe and up there with BorgWarner (BWA) and Nidec (OTCPK:NJDCY) as key names to consider for the hybrid/EV evolution.
Valeo shares are up more than 30% in local terms and closer