Forvia said a sharp sales decline in China cut first-quarter revenue by 2.2% excluding currency translation effects. The update points to softer demand in a key market for the French auto parts supplier and suggests a modest near-term headwind to growth. The news is company-specific and likely to have limited broader market impact.
Forvia said a sharp sales decline in China cut first-quarter revenue by 2.2% excluding currency translation effects. The update points to softer demand in a key market for the French auto parts supplier and suggests a modest near-term headwind to growth. The news is company-specific and likely to have limited broader market impact.
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mildly negative
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