PARIS -- Valeo SA has increased its stake in Japanese automotive lighting and mirror maker Ichikoh Industries Ltd. to 27.6 percent.
Valeo first invested in the supplier in July 2000, when the companies entered a deal to make lighting products for Japan. At that time, Valeo had 20.7 percent of Ichikoh.
Valeo also increased its members on Ichikoh's board by two, bringing its total members on the Japanese supplier's board to three.
Valeo, of Paris, supplies transmissions; electronics; switches; motors and actuators; and climate control, engine cooling, lighting, electrical and wiper systems. Its North American headquarters is in Auburn Hills, Mich.