Robert Charvier Named New Valeo CFO
With this appointment, the group has streamlined its finance department by regrouping financial control with financial affairs and strategic operations.
Valeo Acquires 100 Percent of its Compressors Joint Venture in China
The new company, which employs 130 people and produces compressors for the Chinese and Asian markets, will be named Valeo Compressor (Changchun) Co. Ltd.
Valeo wins Gold International ‘Grand Prix’ Award for Automotive Innovation at Equip’Auto
BeamAtic Premium, Valeo’s adaptive front lighting system, revolutionizes driving in the dark, offering drivers optimal visual comfort in all driving conditions.
Valeo Reorganizes into Four Business Groups
The new simplified structure is designed to improve efficiency and accelerate the growth of the group’s product families in all of its markets.
New Valeo CEO Outlines Challenges the Group Must Face
Aschenbroich shared his vision yesterday at Valeo’s 2009 Combined Annual General Shareholders’ Meeting.
Valeo Chief Thierry Morin Steps Down
Morin stepped down Friday and has been replaced by Jacques Aschenbroich as CEO.
Valeo and Michelin to Collaborate on the Development of Systems for Electric and Rechargeable Hybrid Vehicles
Michelin and Valeo said they are convinced that by joining forces they will help to accelerate the emergence of electric vehicles in France and worldwide.
Valeo Receives 2008 Automechanika Innovation Award for StARS Micro-Hybrid System
PARIS — Valeo’s StARS micro-hybrid system yesterday received the 2008 Automechanika Innovation Award in the systems category. This award, which was presented yesterday at the Automechanika show in Frankfurt, Germany, recognizes particularly innovative technologies presented at the show. Valeo’s StARS micro-hybrid system cuts off the engine when the vehicle stops at a red light or
Valeo Receives Global Innovation Award from Nissan
PARIS — Valeo has received the Global Innovation Award from Nissan Motor Co. for its contribution to the automaker’s Lane Departure Prevention system. The award was presented July 10 at the Nissan Global Supplier Award ceremony in Tokyo. Valeo’s advanced camera and intelligent software technology, which supplies precise vehicle position information, is a key element
Private Equity Group to Acquire the Heavy Duty Engine Cooling Division of Valeo
European private equity fund EQT Opportunity has agreed to acquire the heavy duty engine cooling division of Valeo, the French automotive Group. The acquired operations are comprised of some 940 employees in three manufacturing sites – Mjallby and Linkoping in Sweden and Jamestown, N.Y., in the U.S. The business supplies engine cooling solutions to leading manufacturers of trucks, buses, off-highway equipment and industrial diesel engines. In 2007, the division generated sales of approximately $275 million.