Valeo will buy out Siemens’ 50-per-cent stake in their 5-year-old electric-car components venture to bolster Valeo’s position in the rapidly-expanding EV market. The price: €277m. .”Strategically, this is a very important step for Valeo,” CEO Christophe Perillat said on a call with journalists. “The terms of the deal are good, and it comes at the…
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