Valeo acquires 80% stake in the Chery Group’s lighting company in China
Green Car Congress
JANUARY 3, 2012
As part of its development strategy in high-growth countries, and particularly China, Valeo has acquired an 80% shareholding in the company Ruby (a lighting specialist) from Chery Technology, a subsidiary of Chinese automaker Chery Automobile. Chery Technology will retain a 20% stake in the company.
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