Valeo's U.S. unit wins contract with GM

Newswire

PARIS, Feb 24 (Reuters) - French car parts maker Valeo on Monday said its embattled U.S. arm had won a contract to supply windscreen wipers to U.S. carmaking giant General Motors Corp. . Valeo declined to put a value 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 emerged from Chapter 11 bankruptcy last September, ...

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