Forvia has announced the launch of an additional €1bn disposal program. This is positive news for the pace of deleveraging and thus investor trust. The Q3 23 sales beat expectations by 2.5%, outperforming all the markets in every region, and especially in China. “Above POWER25” was the watchword of the press release even though the FY23 outlook and mid-term targets were left unchanged. The former looks achievable following the Q3 results although the latter seems to be being questioned by invest ....
