Valeo Records Third Quarter Results
Valeo reported an 11 percent increase in sales for the third quarter of 2005, compared to the same period last year. Also, the company boosted a healthy increase of cashflow and debt reduction.
Valeo to Close its Rochester Facility
Valeo announced that its Valeo Electrical Systems Inc., VESI, subsidiary in North America has taken the decision to close the Rochester, New York, facility in the light of the rapidly worsening financial situation of the plant. Discussions have been opened with the IUE-CWA Local 509 Union in order to reach an agreement on the implementation and effects of the decision to close the facility.
Johnson Controls to Sell Engine Electronics Business to Valeo
Johnson Controls announced today plans to sell its engine electronics business to Valeo. The business was a part of the Sagem automotive electronics business Johnson Controls acquired in 2001 to expand and strengthen its electronic capabilities for automotive interiors.
Valeo Unveils New Logo
In 2003, Valeo celebrated 80 years of innovation. From a modest company supplying clutch facings, the group has today become one of the world’s leading automotive suppliers. Last week, Valeo updated its image to reflect what it describes as the company’s dynamism, openness, innovation and growth.
Valeo Launches New Premium Aftermarket Wiper Blade Line
Valeo has announced the launch of a new line of premium wiper blades for the aftermarket, featuring the same technology as it uses in its OE product. “With original equipment design and quality and Valeo innovations such as Tec3 rubber, these wipers will ensure a long lasting quality wipe and continued customer satisfaction. Simply put, these wiper blades will wipe like new, longer,” said Marc Senaux, aftermarket business & product development manager for Valeo Wiper Systems North America.
MEMA Aftermarket Suppliers Recaps 2024 Vision Conference
More than 300 aftermarket executives heard industry leaders provide innovative insights and strategic outlooks into the future of the automotive aftermarket.
2024 Vision Conference Spotlights Industry Research, Analysis
Two separate sessions will spotlight a Landmark Study on AI in the aftermarket and a MiX Insights whitepaper.
MEMA’s MiX Networking Group Launches Certification Program
Within a five-day period, five exceptional professionals were approved for the MiX Certification Program, the group said.
Auto Suppliers Land on TIME’s Inaugural List of Best Companies
TIME, in partnership with Statista, based the rankings on a formula of revenue growth, employee-satisfaction surveys and ESG, or sustainability, data.
MEMA’s ‘MiX’ Council Names 2024 Executive Committee
Jeff O’Hara of East Penn Manufacturing will serve as the council’s chairman in 2024.
