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Automotive News Europe, August, 2003
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Who's afraid of the big, bad wolf?
Valeo Chairman Thierry Morin recently scoffed at the idea his company could be a takeover target.
"Preys are typically plump and not very fast on their feet," he said. "I, on my part, prefer having the hungry-wolf look."
Morin had just announced Valeo was looking for acquisitions to bolster its electronics business and is building a war chest of cash to fund the effort.
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There was press speculation two years ago about a possible sale and dismantling of Valeo when it was struggling with the acquisition of ITT ...
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Most Popular Articles in Autos
- Service Slants
- 2007 utility vehicle buyer's guide: Side-By-Sides are popular; here's who ...
- Transmission considerations: beyond the manual gearbox
- Buell Motorcycle engineering, innovation, & dedication: in an industry ...
- 100 + 10: America's oldest automotive magazine celebrates its 110th year ...
- More »