Heuliez family could cede control; Troubled French coachbuilder needs a financial savior.(Heuliez Automobiles)(Brief article)

Automotive News Europe,  December, 2006  by Saint-Seine, Sylviane de

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Byline: Sylviane de Saint-Seine

Heuliez would consider surrendering control to an outside investor, CEO Paul Queveau says.

The French coachbuilder needs financial support to survive a downturn in its coachbuilding business.

"We are very open on the type of partner we are looking for," Queveau told Automotive News Europe. "It could be an industrialist just as well as a private equity fund."

Queveau is one of four members of the Heuliez founding family that own 85 percent of the company. He did not rule out ceding a controlling stake. "That's up ...

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