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Alliance with France's Valeo
TOKYO: Nissan Motor Co. Ltd.'s auto parts affiliate said on Monday it had agreed a comprehensive alliance with Valeo SA of France covering sales, design and production. Ichikoh Industries Ltd. said it had signed a memorandum of understanding with Valeo, the top parts supplier to Nissan's French controlling company Renault SA, which could lead to mutual stakeholdings.ÑAFP
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