LONDON (MarketWatch) -- French auto parts group Valeo /quotes/comstock/24s!e:fr (FR:FR 27.71, +0.41, +1.50%) /quotes/comstock/11i!vleey (VLEEY 18.20, +0.47, +2.65%) said it's targeting a return on capital employed of nearly 30% by 2013, with sales of around 10 billion euros in 2013 and an operating margin level of 6% to 7%. In 2009, Valeo's operating margin was 1.8% on sales of 7.5 billion euros. Valeo said it would focus its efforts on CO2 emissions reduction and emerging markets. Valeo also is looking to reduce administrative expenses from around the end of the first half 2011, limit investment to 80% of depreciation in 2010 and 2011 and return to group-average profitability for the Visibility Systems Business Group.
