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Automotive Industry
Industry: Email Alert RSS FeedValeo expands buying in China.(Suppliers)(Valeo Automotive Inc.)(Brief article)
Automotive News Europe, November, 2006 by Lan, Lan
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Byline: Lan Lan
Valeo is expanding its Shanghai-based purchasing office to buy more parts in China.
The office, which had 13 employees last year, will have about 50 by year-end. By 2010, Valeo aims to source 70 percent of its parts in low-cost countries, including China.
"Almost half will be purchased in Asia," says Ali Ordoobadi, ...
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