Paris, France (ots/PRNewswire) - The Board of Directors, which met today, approved the summarized consolidated accounts for the first half 2006. In millions of euros(x) 1st half Quarterly variation 2006 2006 2005(xx) Change 2nd quarter 1st quarter(xx) Total operating revenues 5,309 4,991 ...
Paris, France (ots/PRNewswire) - Valeo (OTC: VLEEY) today announced that it has received a Nissan Global Supplier Award for Innovation, recognising the air quality system developed by Valeo Thermal Systems Japan. "It is an honor to receive this award and our automatic intake control system to be recognized for as one of the most innovative products of the year by Nissan", said Valeo's Chairman and CEO Thierry ...
Paris, France (ots/PRNewswire) - Valeo (OTC: VLEEY) today announced the establishment of a Chinese joint venture with Ichikoh, one of Japan's largest lighting systems manufacturers. This operation, the Group's thirteenth in China, demonstrates Valeo's continuing commitment to the Chinese automotive market and ...
Shanghai, China (ots/PRNewswire) - Valeo today announced the establishment of a new Research and Development centre in Shanghai. This technical centre will design advanced climate control systems for Chinese, Japanese and European car makers. This latest development is part of Valeo's strategy to expand its presence in the fast-growing Chinese automotive market. When fully operational, the new technical centre will ...
Paris, France (ots/PRNewswire) - Valeo Ventures has sold its 14.8% shareholding in Bluetooth specialist Parrot for a total of EUR 31 million. This transaction took place on June 28 during Parrot's stock market flotation. Valeo Ventures, which acquired the shareholding in 2000, now has no significant assets. Valeo is an independent industrial group fully focused on the design, production and sale of ...
Paris (ots/PRNewswire) - - Sales up 15.4% - Raw Material Costs Continue to Rise - Operating Income Resists Well Following today's meeting of its Board of Directors, Valeo (OTC: VLEEY) presented its consolidated accounts for the first quarter 2006. In millions of euros 1 January - 31 March (non audited) 2006 2005 change Total operating revenues 2,704 2,344 ...
Paris (ots/PRNewswire) - The Valeo Board of Directors, which met today, has called the Combined Annual General Meeting of Shareholders (AGM). Given the changes in quorum rules, the AGM will most likely be held on first notice on May 17, 2006 at 3 p.m. at Paris Expo CNIT La Defense, 2 place de la Defense 92053 Paris La Defense. Failing a quorum, the AGM will be held on May 30, 2006, at a location to be communicated ...
Paris, France (ots/PRNewswire) - Following a meeting of the Board of Directors, Valeo announced its audited results for 2005. (in EUR million) 2005 2004 % change Total operating revenues 10,033 9,293 + 8.0% Gross margin1 1,587 1,598 -0.7% % of sales 16.0% 17.3% ...
Paris (ots/PRNewswire) - Luc Alphand, former world downhill ski champion and driver with the official Mitsubishi Motors Sports team, has won the 2006 Dakar Rally under the Valeo colors. "Victory is a superb feeling!" comments Luc Alphand. "The pressure was very high throughout the rally. We knew that victory was possible but until you reach the finishing line, ...
Paris, France (ots/PRNewswire) - - Increase in Sales and Reduced Debt Following today's meeting of its Board of Directors, Valeo presented its consolidated accounts for the third quarter 2005. In millions of euros (IFRS) 3rd quarter 9 months (unaudited) 2005 2004 change 2005 2004 change Net sales 2,356 2,126 + 10.8% ...
Tokyo, Japan (ots/PRNewswire) - The Tokyo Motor Show represents a major opportunity for Valeo to showcase its latest automotive technologies to the general public and to underline its 20 years presence in Japan. Twenty years after the founding of Valeo Japan in December 1985, the Group has become a recognised ...
Paris, France (ots/PRNewswire) - At the Equip'Auto International Grands Prix awards ceremony held last Friday, Valeo won the Silver Award for its power line communication system in the "Engineering and Advanced Technology" category. On today's vehicles, electrical power and data use different wiring harnesses: adding a new function increases the number of harnesses. Depending on vehicle, the total wiring can weigh ...
Paris (ots/PRNewswire) - The Annual General Meeting of Shareholders of Valeo took place on May 3 under the chairmanship of Thierry Morin, Chairman and CEO. 2004 results and outlook Valeo's 2004 accounts, which were published on February 10, were approved. Thierry Morin commented on the difficult automobile environment and in particular the negative impact that raw material price increases had on the Group's results. Strong management efforts enabled Valeo to ...
Paris (ots/PRNewswire) - Valeo today announced that it has signed an agreement for the acquisition of all the shares - held by Bosch Automotive Systems Corp. (Japan) - in its subsidiaries ZVCC and VZCCC, representing respectively 50% and 40% of the share capital and voting rights. At completion, Valeo will ...
Paris (ots/PRNewswire) - - Public Tender Offer for its own Shares at 40 Euros Following today's meeting of the Valeo Board of Directors, the combined Annual General Meeting of Shareholders (AGM) is called on 21 April 2005 (first notice). Failing a quorum, Valeo invites its shareholders to meet on second notice on 3 May 2005 at the Palais des Congres, 75017 Paris at 3pm. Taking into account the results of ...
Paris (ots/PRNewswire) - Valeo today announced the signature of an agreement for the creation of a joint venture for its engine cooling business with Armco, the leading player in Iran and a current licensee of Valeo. The joint venture, which will be 51% owned by Valeo and 49% by Armco, will supply heat exchangers for the fast growing Iranian market. In particular ...
Paris (ots/PRNewswire) - Valeo today announced that it has signed an agreement for the acquisition of the Engine Electronics business of Johnson Controls, Inc. for an enterprise value of 330 million euros, financed through Valeo's cash resources. This business designs, produces and sells engine ...
Paris (ots/PRNewswire) - Following the announcement made by press release of 6 September 2004, concerning the launch of an employee shareholding plan with a share capital increase authorised by the Annual General Shareholder's Meeting of April 5, 2004, Valeo announces a capital increase through the issue of 1.575.296(x) new shares without preferential subscription rights at a unit price of 23.65 euros bearing ...
Paris (ots/PRNewswire) - Valeo and PSA Peugeot Citroën yesterday received the first "Engineers of the Year Award" in the sustainable development category. "We are honored to receive this award presented by 'Usine Nouvelle', 'Industries et Technologies' and the National Council of French Engineers and Scientists ...
Paris, November 24 (ots/PRNewswire) - Following the announcement made by press release of 6 September 2004 concerning the launch of an employee shareholding plan with a share capital increase authorized by the Annual General Shareholder's Meeting of April 5 2004, Valeo announces the opening of the subscription/retraction period which will run from 24 November to 1st December inclusive, as well as the fixing of the ...
Paris (ots/PRNewswire) - Valeo today announced that it has called for a meeting of the Works Council of its facility in Orense, Spain to discuss the proposed closure of the site. The facility is part of the Electronics and Connective Systems Branch and manufactures wiring harnesses. Despite the measures put in place in 2002 and 2003 to preserve employment at the site, the economic situation has continued ...
Paris (ots/PRNewswire) - Valeo announced today the acquisition of all of the shares held by Bosch Automotive Systems Corp. (Japan) in its subsidiary Valeo Climatisation SA, representing 7% of the share capital and voting rights. Through the additional 7% of shares, Valeo now controls 100% of the capital and voting rights of the holding company within which Valeo's climate control activities are held. The Valeo ...
Paris (ots/PRNewswire) - The BDU (Battery Disconnect Unit), designed by Valeo, is a genuine off switch for the vehicle's electrical system. It protects the battery against unexpected discharge, and disconnects it immediately in the event of a short circuit or accident. Statistics from breakdown and recovery services show that battery problems are one of the main causes of breakdowns. This situation may soon be ...
Paris (ots/PRNewswire) - Designed to rotate 180 degrees instead of 360 degrees like a conventional motor, Valeo's electronically controlled reversing motor reduces the travel of the wiper linkage and frees a large amount of space in the plenum area. One motor is installed at each end of the windscreen, replacing the bulky wiper linkage of the two-wiper motor system currently used. The motor is especially suited to ...
Paris, France (ots/PRNewswire) - Valeo has been working on improving air quality in the cabin for many years. In order to promote user comfort and, above all, to provide better protection from pollution, Valeo has designed six innovative systems, creating new benchmarks in this field. The new systems not only protect the passengers in the vehicle from external pollution, but also counteract odors and purify the air in ...
Paris, France (ots/PRNewswire) - Valeo's belt-driven starter-alternator reversible system (StARS, so called "belt-driven integrated starter-generator" at Ford) will be featured on a research project micro hybrid Ford Fiesta capable of improving fuel economy and exhaust emissions up to 10%. Making driving economical and environmental friendly In Start-Stop driving conditions, such as heavy traffic or at traffic ...
Paris (ots/PRNewswire) - This innovation is the result of two years of cooperation between Valeo and Citroën, and will be fitted on the new Citroën C4 and C5. Using infrared beams linked to an electronic control unit, the lane departure warning system monitors the lane markings ahead of the car. If the car strays over the line without the indicator being ...
Paris (ots/PRNewswire) - Fluence, Renault's latest four seater concept sports coupé, has an elegant and dynamic silhouette. Its headlamps are attractively elongated, thanks to the use of Valeo's twin-strip LED technology, echoing the vehicle's flowing lines. The Renault Fluence, one of the stars of the 2004 ...
Paris (ots/PRNewswire) - Just like its illustrious forefather the DS, the new Citroën C4 will be fitted with a directional lighting system, produced by Valeo and developed with Citroën, which offers optimum visibility in bends. The C4's boomerang headlamps, synonymous with the Citroën style, include a technological innovation from Valeo: dynamic directional lighting. This new generation of ...
Paris (ots/PRNewswire) - Start-Stop, STOPStayCOOL/STOPStayWARM and Clutch-by-Wire are three innovations designed by Valeo to increase the well-being of drivers and passengers in the car. The "Start-Stop" starter-alternator, can be enhanced by the addition of the STOPStayCOOL/STOPStayWARM air-conditioning system ...