UPDATE 1-Car parts group Valeo announces 500 mln euros of orders for its ‘Lidar’ sensors
PARIS, July 4 (Reuters) – French car parts company Valeo has won 500 million euros ($564 million) worth of orders for its ‘Lidar’ car sensor products, Valeo executive Marc Vrecko told Reuters in an interview, highlighting the potential growth of Lidar. “Those 500 million euros of orders with four major global auto groups will probably eventually represent between 1 to 1.5 billion worth of recurring business,” said Vrecko.