Valeo, a troubled French car-parts maker, embraced the Internet late and then almost immediately fell upon hard times. Pure coincidence? It is one of the world's top ten manufacturers of car components and makes everything from clutch systems to windscreen wipers. Recently, however, it opted for a change of gear. At a board meeting in March, Andre Navarri, Valeo's chairman and chief executive for all of ten months, was rudely shown the door.