France's Valeo says to close U.S. Rochester site

Newswire

PARIS, July 28 (Reuters) - French car parts maker Valeo said on Thursday it would close its Rochester facility in New York in the light of the "rapidly worsening financial situation of the plant". "The rapidly deteriorating situation is primarily due to the ongoing dramatic reduction in the plant's main customer's business activity," the company said in a statement. Valeo said it would remain a major supplier of wiper systems in North America and production would continue in other ...

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