Paris (ots/PRNewswire) - Valeo Lighting Systems' Martos plant in Spain has won the Prince Felipe Award for Business Competitiveness, the highest distinction given to a company in Spain. "It is an honor for Valeo to receive this prestigious award highlighting the importance of quality, innovation and operational excellence, which are at the heart of our Group's ...
Paris (ots/PRNewswire) - Valeo today announced a project to sell its heavy duty truck engine cooling division to the Swedish company EQT. This division comprises three manufacturing sites - in Mjällby and Linkoping, Sweden and Jamestown, New York in the United States - and employs around 900 people. It supplies engine cooling modules and other powertrain ...
Paris (ots/PRNewswire) - Valeo announces that it received an Excellent Quality Performance Award from the Toyota Group at the 2008 Toyota Global Suppliers Convention held on February 29 in Nagoya, Japan. This award acknowledges the outstanding quality performance of the Valeo Group with Toyota last year. "Receiving the Excellent Quality Performance Award from Toyota Motor Corporation is a great accomplishment for ...
Paris (ots/PRNewswire) - - Accelerated Growth (Volumes +6.2%) - Improved Margins (Operating Income +17.7%) - Strong Debt Reduction (-17.5%) - The Group Confirms its Commitments for 2010 Following today's meeting of its Board of Directors, Valeo presented its fourth quarter 2007 results and its audited consolidated accounts for 2007. Simplified accounts for the fourth quarter (in EUR million) Q4 2007(b) Change(b) Reminder ...
Paris (ots/PRNewswire) - Valeo announces that it has received a 2007 Supplier Quality Award from Renault, recognizing the excellent quality of the engine cooling products delivered by its European Division. The third annual Renault Supplier Awards were presented by Carlos Ghosn, President; Odile Desforges, ...
Paris (ots/PRNewswire) - Valeo has received the top prize for innovation in the category "Methods and Processes" at the 2007 Best Innovator awards ceremony, organized by the consultancy A.T. Kearney in partnership with the economic daily "Les Echos". The Best Innovator awards recognize the best practices in innovation management from among 700 companies with sales of over 300 million euros. "We are honoured ...
Paris (ots/PRNewswire) - Following today's meeting of its Board of Directors, Valeo presented its consolidated accounts for the third quarter 2007. in millions of euros 3rd quarter 9 months (unaudited) 2007 2006(i) change 2007 2006(i) change Total operating revenues 2,245 2,153 +4.3% 7,251 7,174 +1.1% Gross margin 340 322 +5.6% 1,111 1,112 -0.1% ...
Paris (ots/PRNewswire) - At the Equip'Auto International Grands Prix awards ceremony held last night, Valeo (OTC:VLEEY) won the Gold Award for its e-Valve system in the "Engineering and Advanced Technology" category and the Silver award for the guideo driving assistance system in the "Aftermarket and ...
Paris (ots/PRNewswire) - Valeo (OTC: VlEEY)today announced that it is in negotiation with Leoni regarding the possible sale of its wiring harness activity, Valeo Connective Systems, which generated sales of 545 million euros and an EBITDA of 36 million euros in 2006. It employed 11,700 people at 12 industrial sites, including 9 in cost-competitive countries at 30 June 2007. Subject to consultation of the employee ...
Paris (ots/PRNewswire) - Valeo announced today that it has completed the acquisition of Connaught Electronics Ltd. (CEL), an Irish producer of vehicle electronics. This acquisition strengthens Valeo's Driving Assistance Domain through the extension of its line of camera-based vision solutions for low-speed maneuvering. Headquartered in Tuam near Galway in ...
Paris (ots/PRNewswire) - The Board of Directors, which met today, approved the summarized consolidated accounts for the first half 2007. In millions of euros(X) 1st half Quarterly variation 2007 2007 2006 Change 2nd quarter 1st quarter Total operating revenues 5,286 5,309 -0.4% 2,646 2,640 Gross margin 810 835 -3.0% 414 396 % of ...
Paris (ots/PRNewswire) - Valeo announced today that it has created a joint venture for the production of alternators and starter motors with N.K. Minda Group, a leading manufacturer of automotive systems in India. The new company, called Valeo Minda Electrical Systems India Private Limited, will be 66.7% owned ...
Paris (ots/PRNewswire) - In line with the timetable given in its press release of 15 May 2007, Valeo (OTC: VLEEY) indicates that the process of examining the indications of interest received from investment funds has been completed without an acceptable offer being made within the defined timeframe. In line with the wishes of its shareholders, as widely ...
Paris (ots/PRNewswire) - Valeo announced today that its Security Systems Branch has created a 50/50 joint venture with A.K. Minda Group, a leading manufacturer of automotive security systems in India. Located in Pune near Mumbai, the new company, Valeo Minda Security Systems, will develop, produce and sell Valeo Security Systems products including locksets, steering column locks, latches, strikers, handles, engine ...
Paris (ots/PRNewswire) - Valeo's Annual General Shareholders' Meeting (AGM) was held today under the chairmanship of Thierry Morin, Valeo Chairman & CEO, and was followed by a Board meeting. 2006 results and outlook The AGM approved Valeo's 2006 accounts which were published on February 12th 2007. In 2006, the Valeo Group, compared with most of its competitors, was able to better weather the steep rise in ...
Paris (ots/PRNewswire) - Valeo states that it is continuing the process of examining the indications of interest received from investment funds, in particular with one fund, and that this process should be completed during the month of June. Should this process lead to an offer that the Board of Directors considers acceptable, or the process be terminated, Valeo will inform the market immediately. Valeo is an ...
Paris, France (ots/PRNewswire) - Valeo announced today that two leading independent proxy voting advisors, ISS and Glass Lewis had recommended that Valeo shareholders vote against the resolutions proposed by Pardus for eight Valeo Board members at the Annual General Meeting to be held on 21 May 2007. They also ...
Paris, France (ots/PRNewswire) - The Valeo Board of Directors examined today the draft resolutions presented by Pardus European Special Opportunities Master Fund L.P. requesting eight Board Members as well as the voting of a resolution on the procedure to adopt should the number of Board Members be higher than the maximum legal limit of eighteen. The Board noted ...
Paris (ots/PRNewswire) - In the news release, "Valeo First Quarter 2007 Results" issued on 24 Apr 2007 18:19 GMT, by Valeo Management Services OTC:VLEEY over PR Newswire, we are advised by a representative of the company that the second paragraph, second sentence should have read "Excluding the impact of exchange rates (-2%) and perimeter changes (-0.5%), growth was 2% and reached 5% in the aftermarket" rather ...
Paris (ots/PRNewswire) - Following today's meeting of its Board of Directors, Valeo presented its consolidated accounts for the first quarter 2007. In millions of euros 1 January - 31 March (non audited) 2007 2006 change Total operating revenues 2,640 2,654 -0.5% Gross margin 396 415 -4.6% % of sales ...
Paris (ots/PRNewswire) - - Appointment of Five New Independent Board Members The Valeo (OTC: VLEEY) Board of Directors, which met today has called the Combined Annual General Meeting of Shareholders (AGM) to be held on May 21, 2007 at 3 pm at the Palais des Congres, Paris 17th. The Board of Directors will propose to the AGM the appointment of three new Board Members, the ratification of the co-optation of ...
Paris (ots/PRNewswire) - Valeo's Board of Directors, which met today, has co-opted Helle Kristoffersen as an independent director, replacing Veronique Morali who resigned in light of her new functions. This co-optation will be submitted for ratification at the forthcoming Annual General Meeting of Shareholders. Helle Kristoffersen is Vice-President Corporate Strategy with Alcatel-Lucent, a Group within which she has held a variety of management positions since 1994. ...
Paris (ots/PRNewswire) - Valeo announced today that it has earned five awards from Toyota Motor Europe, including the Superior Performance Award in Quality. The awards, presented yesterday at Toyota's Annual Business Meeting in Brussels, are the following: - A Superior Performance Award, in the Quality category, given to the Valeo Group. This is the highest ...
Paris (ots/PRNewswire) - Valeo (OTC: VLEEY) today announced that the French Industrial Innovation Agency (Agence de l'Innovation Industrielle, AII) has agreed to provide 61 million euros in funding for its research program LOwCO2MOTION(TM), which aims to improve vehicle engine efficiency and contribute to ...
Paris (ots/PRNewswire) - Following a meeting of the Board of Directors, Valeo announced its audited results for 2006. (in euro millions) 2006 2005 % change Total operating revenues 10,086 9,834(i) + 2.6% Gross margin(1) 1,539 1,559 -1.3% % of sales 15.4% 16.0% -0.6 pt Operating margin(2) 341 374(i) -8.8% % of total ...
Paris, France (ots/PRNewswire) - Valeo today announced that it had signed a Memorandum of Understanding with Ford Motor Company to acquire their Thermal Systems facility, Sheldon Road, (Plymouth, Michigan). This acquisition is conditional upon reaching a new and competitive agreement with the United Auto Workers ...
Paris, November 15 (ots/PRNewswire) - Valeo today announced the signature of a contract for the sale of its Electric Motors & Actuators activity to the Japanese group Nidec for an enterprise value of 165 million euros. In 2005 this activity generated total sales of 253 million euros and an operating income of 9 million euros. The transaction should be closed by ...
Paris, France (ots/PRNewswire) - Valeo Raytheon Systems today announced that its Blind Spot Detection system has been selected as a finalist for the 2007 Automotive News PACE Awards in the Product Innovation category. The system is expected to contribute to reducing collisions with unseen vehicles during lane ...
Paris, France (ots/PRNewswire) - Valeo today announced that it has signed a Memorandum of Understanding for the sale of its Electrical Motors & Actuators activity to the Japanese group Nidec. The parties expect to be in a position to sign the definitive agreements regarding this project once the employee representative consultation process has been completed. ...
Paris, France (ots/PRNewswire) - Following yesterday's meeting of its Board of Directors, Valeo presented its consolidated accounts for the third quarter 2006. in millions of euros 3rd quarter 9 months (unaudited) 2006 2005(1) Change 2006 2005(1) Change Total operating revenues 2,263 2,332 -3.0% 7,572 7,323 +3.4% Gross margin ...