Valeo U.S. unit wins contract with GM


PARIS, Feb 24 (Reuters) - French car part maker Valeo said on Monday its embattled U.S. arm had scored a contract to supply windscreen wipers to U.S. carmaking giant General Motors . Valeo declined to put a figure on the contract, the unit's first big deal with the world's top carmaker since it was hauled back from insolvency last September, but said in a statement it was "extremely important". The unit in Rochester, New York, which exited Chapter 11 bankruptcy last September, will ...

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