PARIS – The French approach to saving the country’s auto industry now is moving into the supply base with an €18.7 million ($23.9 million) government investment Wednesday in Valeo SA, the country’s second-largest French supplier. President Nicolas Sarkozy created the Strategic Investment Fund (FSI) late last year to provide financial aid to key French companies, naming Automobiles Citroen General Manager Gilles Michel to run the new entity. Valeo is the first FSI investment, raising the ...
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