Valeo Flux actualit├ęs valeo Tue, 28 Feb 2017 17:58:47 +0100 Zend_Feed_Writer 1.12.0 (http://framework.zend.com) http://www.valeo.com admin@valeo.com (valeo) valeo Valeo unveils its new medium-term objectives London, February 28, 2017 – Valeo (Euronext: FR) is aiming to continue and accelerate its growth strategy presented in March 2015 and is setting new financial objectives through 2021:]]> Tue, 28 Feb 2017 17:58:47 +0100 http://www.valeo.com/journalistes/actualite/valeo-unveils-its-new-medium-term-objectives-11013.html http://www.valeo.com/journalistes/actualite/valeo-unveils-its-new-medium-term-objectives-11013.html Valeo (Euronext: FR) is aiming to continue and accelerate its growth strategy presented in March 2015 and is setting new financial objectives through 2021:

  • Sales of over 27 billion euros(1), reflecting an average outperformance of more than 7 percentage points for the 2016-2021 period compared to global automotive production, and average annual sales growth in excess of 10%

  • Operating margin(2) (as a percentage of sales) of around 9%

  • Free cash flow(2) of 3.7 billion euros over the 2017-2021 period, twice the level recorded over the 2012-2016 period of 2 billion euros

Jacques Aschenbroich, Valeo's Chairman and Chief Executive Officer, commented:

"Thanks to the commitment of all our teams, over the last few years we have built a new, more innovative, technologically focused, dynamic and profitable Valeo. By leveraging the growth opportunities in the automotive industry for electrification, autonomous and connected vehicles, as well as new mobility services driven by digital technology, Valeo is embarking on a virtuous circle of profitable growth underpinned by sustained Research and Development efforts and a selective acquisition policy, allowing us to strengthen our positions on the main markets as well as our technological leadership.
All four of our Business Groups will leverage this potential, undergoing several waves of growth as these new technologies enter production."

During the Investor Day, Jacques Aschenbroich, Chairman and Chief Executive Officer, Christophe Périllat, Chief Operating Officer, Robert Charvier, Chief Financial Officer, and the Presidents and the R&D and Product Marketing Directors of the four Business Groups (Xavier Dupont and Michel Forissier for Powertrain Systems, Francisco Moreno and François Bordes for Thermal Systems, Marc Vrecko and Joachim Mathes for Comfort & Driving Assistance Systems, and Maurizio Martinelli and Christophe Le Ligné for Visibility Systems) will present the new strategic plan and medium-term financial objectives for the Group and its four Business Groups.

As the world leader in CO2 emissions reduction and intuitive driving (particularly autonomous vehicles), Valeo is intent on continuing its R&D efforts in order to meet its customers' needs and leverage new growth opportunities for electrification, autonomous and connected vehicles, as well as new mobility services driven by digital technology.

Valeo has solid fundamentals thanks to its diversified customer and geographic positioning with an increasing footprint in high-growth potential regions, notably in Asia. Accentuating this trend over the next five years will help Valeo pursue its geographical repositioning, with around 37% of original equipment sales projected to be generated in Asia by 2021, versus 27% in 2016.

Focus on accelerating growth, improving profitability and increasing free cash flow in each of the Business Groups

Driven by growth in the order intake(2) due to the success of its innovations (half of the order intake(2) in 2016), the Group is aiming to accelerate organic growth on the back of higher content per vehicle and a better product mix, to improve profitability and increase free cash flow(2).

All four of our Business Groups will leverage this potential stemming from the new opportunities within the automotive industry and will undergo several waves of growth as these new technologies enter production.

Accelerating organic growth and boosting operational excellence
Leveraging the record level of its order intake(2) over the past few years, Valeo is aiming to achieve average annual organic growth more than 7 percentage points above global automotive production on the back of its innovation-fueled product mix. Assuming that global automotive production increases by an annual average of 2.3% over the next five years, sales would therefore rise to around 22.5 billion euros(1) in 2019 and would exceed 27 billion euros(1) by 2021 (versus 16.5 billion euros in 2016).

Improving operating margin(2)
Valeo is aiming to leverage this sales growth to improve profitability, and has set a target for operating margin(2) (as a percentage of sales) of around 8.5% and 9% for 2019 and 2021, respectively, versus 8.1% in 2016.

Doubling free cash flow(2)
Valeo is aiming to double its free cash flow(2) generation to 3.7 billion euros over the 2017-2021 period, versus 2 billion euros over the 2012-2016 period.

Profitability indicators
Within the scope of its medium-term plan characterized by strong growth in production capacity, particularly in Asia, Valeo is aiming to achieve a return on capital employed (ROCE(2)) of around 30% and a return on assets (ROA(2)) of more than 20%.

Attendees at the Investor Day will be able to learn more about Valeo's latest innovations and see product presentations demonstrating what will drive the growth of our four Business Groups.



Financial Glossary

  • Order intake corresponds to business awarded by automakers during the period (including joint ventures at least 50%-owned by the Group) less any cancellations, based on Valeo's best reasonable estimates in terms of volumes, selling prices and project lifespans. Unaudited indicator.

  • Operating margin including share in net earnings of equity-accounted companies corresponds to operating income before other income and expenses.

  • ROCE, or return on capital employed, corresponds to operating margin (including share in net earnings of equity-accounted companies) divided by capital employed (including investments in equity-accounted companies) excluding goodwill.

  • ROA, or return on assets, corresponds to operating income divided by capital employed (including investments in equity-accounted companies) including goodwill.

  • Free cash flow corresponds to net cash from operating activities (excluding the change in non-recurring sales of receivables) after taking into account acquisitions and disposals of property, plant and equipment and intangible assets.



Safe Harbor Statement
Statements contained in this press release, which are not historical fact, constitute "Forward-Looking Statements". These statements include projections and estimates and their underlying assumptions, statements regarding projects, objectives, intentions and expectations with respect to future financial results, events, operations, services, product development and potential, and statements regarding future performance. Even though Valeo's management feels that the Forward-Looking Statements are reasonable as at the date of this press release, investors are put on notice that the Forward-Looking Statements are subject to numerous factors, risks and uncertainties that are difficult to predict and generally beyond Valeo's control, which could cause actual results and events to differ materially from those expressed or projected in the Forward-Looking Statements. Such factors include, among others, the Company’s ability to generate cost savings or manufacturing efficiencies to offset or exceed contractually or competitively required price reductions. The risks and uncertainties to which Valeo is exposed mainly comprise the risks resulting from the investigations currently being carried out by the antitrust authorities as identified in the Registration Document and risks relating to legal action resulting from such investigations, risks which relate to being a supplier in the automotive industry and to the development of new products and risks due to certain global and regional economic conditions. Also included are environmental and industrial risks as well as risks and uncertainties described or identified in the public documents submitted by Valeo to the French financial markets authority (Autorité des marchés financiers – AMF), including those set out in the “Risk Factors” section of Valeo’s Registration Document registered with the AMF on March 26, 2016 (under no. D.16-0211).

Valeo has recognized an expense of 99 million euros in its consolidated financial statements to cover the main risks resulting from investigations currently being carried out by the antitrust authorities, as identified in the Registration Document, and risks relating to legal action resulting from such investigations.

The company assumes no responsibility for any analyses issued by analysts and any other information prepared by third parties which may be used in this press release. Valeo does not intend or assume any obligation to review or to confirm the estimates of analysts or to update any Forward-Looking Statements to reflect events or circumstances which occur subsequent to the date of this press release.



Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving. In 2016, the Group generated sales of 16.5 billion euros and invested over 11% of its original equipment sales in Research and Development. Valeo has 155 plants, 20 research centers, 38 development centers and 15 distribution platforms, and employs 91,800 people in 32 countries worldwide.
Valeo is listed on the Paris stock exchange and is a member of the CAC 40 index.

VALEO
43 rue Bayen, 75017 Paris
www.valeo.com
@Valeo_Group
Media Relations
+33 (0)1 40 55 29 72 |
+33 (0)1 40 55 21 20
press-contact.mailbox@valeo.com
Investor Relations
+33 (0)1 40 55 37 93
thierry.lacorre@valeo.com



(1) Including Ichikoh, Valeo-Kapec and FTE.
(2)See Financial Glossary, page 3.

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Nearly 5 000 students in the running to win the 2017 Valeo Innovation Challenge Paris, February 20, 2017 – Enthusiasm for the Valeo Innovation Challenge is as strong as ever in the contest's fourth year, new participation record. Nearly 5 000 students from around the world have signed up to participate.]]> Tue, 28 Feb 2017 17:58:47 +0100 http://www.valeo.com/journalistes/actualite/nearly-5-000-students-in-the-running-to-win-the-2017-valeo-innovation-challenge-11004.html http://www.valeo.com/journalistes/actualite/nearly-5-000-students-in-the-running-to-win-the-2017-valeo-innovation-challenge-11004.html In all, 1 628 teams (21% more than the previous edition) hailing from 80 countries and 748 universities have submitted their application in one of the two available categories. Some of the world's most prestigious universities are represented, including MIT, Berkeley, HEC, Supelec Tokyo University, British Columbia.

70% of teams are competing in the “technological innovation” category and 30% in the “idea for new ways of using cars” category.

This year's challenge comes with the option of including a teacher on the competing team. As a result, 162 teachers have registered to team up with their students.

Teams in each category will be competing to win a grand prize of €100,000 or a second-place prize of €10,000. In addition, the winning team in the “technological innovation” category will, for the first time ever, be given the opportunity to join a Valeo-partnered start-up accelerator to develop their project.

The contest's continued success shows that students are passionate about the task at hand, which is to “come up with an innovation or idea that will make cars smarter, cleaner, more fun and more intuitive by 2030.”

Starting today, 70 Valeo experts scattered across the Group's R&D centers worldwide – as well as a number of independent scientists – will examine each of the projects in order to select 24 teams that will advance to the next round. The 24 short-listed teams will be announced on March 24, 2017, after which Valeo will grant them each €5,000 to develop their idea by building a functional prototype, application or other solution. The teams will have until July 13 to develop their project. Eight finalist teams will be selected on September 13 and the winners will be announced on October 27.

For more information: https://valeoinnovationchallenge.valeo.com/

Timetable

  • March 24, 2017: 24 semi-finalist teams announced
  • March 24, 2017 – July 13, 2017: Teams given €5,000 to develop their project
  • September 13, 2017: Eight finalist teams announced
  • October 26, 2017: Projects presented to the panel
  • October 27, 2017: Winners announced

Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving. In 2016, the Group generated sales of 16.5 billion euros and invested over 11% of its original equipment sales in Research and Development. Valeo has 155 plants, 20 research centers, 38 development centers and 15 distribution platforms, and employs 91,800 people in 32 countries worldwide.
Valeo is listed on the Paris stock exchange and is a member of the CAC 40 index.

Contacts:
43 rue Bayen, 75017 Paris
+33 (0)1 40 55 21 20 | +33 (0)6 21 47 88 69 | +33 (0)7 64 56 85 48
press-contact.mailbox@valeo.com
www.valeo.com
Follow us on @Valeo_Group

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Sales up 14% to 16.5 billion euros PARIS, France, February 16, 2017 – At its meeting of February 15, 2017, Valeo's Board of Directors approved the consolidated and parent company financial statements for the year ended December 31, 2016:]]> Tue, 28 Feb 2017 17:58:47 +0100 http://www.valeo.com/journalistes/actualite/sales-up-14-to-16-5-billion-euros-11002.html http://www.valeo.com/journalistes/actualite/sales-up-14-to-16-5-billion-euros-11002.html Sales up 14% to 16.5 billion euros
Operating margin(1) up 20% to 1.3 billion euros, or 8.1% of sales
Net income up 27% to 925 million euros, or 5.6% of sales
Order intake(2) up 17% to 23.6 billion euros

Jacques Aschenbroich, Valeo's Chairman and Chief Executive Officer, commented:
"Valeo's 2016 results reflect the work accomplished by our teams over the past few years to build a new, more innovative, technologically focused, dynamic and profitable Valeo:

  • our sales grew by 14%;

  • accompanied by increases of 17% in our gross margin, 20% in our operating margin, 27% in our net income and 17% in our free cash flow generation, to 661 million euros;

  • another record order intake – at 23.6 billion euros – reflecting the ongoing commercial success of our technologies for CO2 emissions reduction and intuitive driving.

Also in 2016 we were delighted to welcome into the Valeo family teams from peiker, Spheros, and the Valeo Siemens eAutomotive joint venture and in January this year, Ichikoh. Thanks to these acquisitions and in line with our strategy, we are stepping up the development of our four Business Groups, with the primary aims of diversifying our client portfolio and strengthening our products' technological positioning and the geographical alignment of our sales.
On the back of this strong momentum, Valeo will hold an Investor Day in London on February 28 to present its new medium-term financial objectives."

Full-year 2016

  • Order intake(2) of 23.6 billion euros, up 17% on the back of technological innovation

  • Consolidated sales of 16,519 million euros, up 14% (up 11% on a like-for-like basis).

  • Original equipment sales of 14,403 million euros, up 14% (up 12% on a like-for-like basis), outpacing global automotive production by 8 percentage points.

  • Operating margin(1) up 20% to 1,334 million euros, or 8.1% of sales.

  • Recognition of a 99 million euro expense to cover the main risks arising from antitrust investigations.

  • Net attributable income up 27% to 925 million euros, or 5.6% of sales.

  • Free cash flow(2) of 661 million euros, up 17%.

Second-half 2016

  • Consolidated sales of 8,389 million euros, up 16% (up 12% on a like-for-like basis).

  • Operating margin(3) up 19% to 687 million euros, or 8.2% of sales.

  • Net attributable income up 31% to 503 million euros, or 6.0% of sales.

  • Free cash flow(4)bof 322 million euros, up 24%.

Fourth-quarter 2016

  • Consolidated sales of 4,395 million euros, up 16% (up 12% on a like-for-like basis).

2016 dividend
Proposed dividend payment up 25% to 1.25 euros per share, representing a payout ratio of 32%.

2017 outlook

Based on the following assumptions:

  • an increase in global automotive production of between 1.5% and 2%;

  • raw material prices and exchange rates in line with current levels.

Valeo has set the following objectives for 2017:

  • sales growth outperforming the market by more than 5 percentage points;

  • a slight increase in operating margin (1) (as a % of sales and before acquisitions).



1Including share in net earnings of equity-accounted companies, see Financial Glossary, page 14.
2See Financial Glossary, page 14.
3Including share in net earnings of equity-accounted companies, see Financial Glossary, page 14.
4See Financial Glossary, page 14.

.../...

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Valeo signs an agreement with its long-standing South Korean partner Pyeong HWA group to create a 50/50 joint venture in the transmission field. The new company will be called Valeo-Kapec Paris, February 6, 2017 – Valeo-Kapec, headquartered in Daegu in South Korea, will have a global manufacturing footprint to become the world leader in torque converters for automatic and continuous variable transmissions.]]> Tue, 28 Feb 2017 17:58:47 +0100 http://www.valeo.com/journalistes/actualite/valeo-signs-an-agreement-with-its-long-standing-south-korean-partner-pyeong-hwa-group-to-create-a-50-50-joint-venture-in-the-transmission-field-the-new-company-will-be-called-valeo-kapec-10997.html http://www.valeo.com/journalistes/actualite/valeo-signs-an-agreement-with-its-long-standing-south-korean-partner-pyeong-hwa-group-to-create-a-50-50-joint-venture-in-the-transmission-field-the-new-company-will-be-called-valeo-kapec-10997.html Each partner will contribute to this Joint-Venture its respective Torque Converter business, located for Valeo at Nanjing (China), Atsugi (Japan), San Luis Potosi (Mexico) and Troy (USA) and located for Kapec in Daegu, Waegwan and Seongju (South Korea).

The new company will employ approximately 3,000 people and will be controlled and fully consolidated by Valeo. It is contemplated that the Joint-Venture will generate around €1 billion sales on an annual basis and will be accretive to Valeo’s operating margin for its first fiscal year.

Valeo-Kapec will capitalize on strong geographic, product and business complementarity to create purchasing, manufacturing and, above all, R&D synergies.

The agreement is subject to approval by the competent authorities.

"By strengthening our ties with our long-standing South Korean partner and creating this Joint-Venture, we will double our sales of torque converters for automatic and continuous variable transmissions and become the world leader in this high-technology product line," said Jacques Aschenbroich, Valeo's Chairman and Chief Executive Officer. "And by stepping up our presence in South Korea and increasing sales to Hyundai-Kia, we expect our sales in Asia to increase by around €500 million."

Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving. In 2015, the Group generated sales of 14.5 billion euros and invested over 10% of its original equipment sales in research and development.
Valeo has 148 plants, 19 research centers, 35 development centers and 15 distribution platforms, and employs 88,800 people in 32 countries worldwide. Valeo is listed on the Paris stock exchange and is a member of the CAC 40 index.

VALEO
43 rue Bayen, 75017 Paris
+33 (0)1 40 55 29 72 | +33 (0)1 40 55 21 20
press-contact.mailbox@valeo.com
www.valeo.com

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Final countdown for the Valeo Innovation Challenge - Registration ends on February 17, 2017 Paris, January 23, 2017 – Students wishing to register for the fourth annual Valeo Innovation Challenge now have two additional weeks to do so: the deadline for submitting applications has been extended until noon (CET) on February 17, 2017.]]> Tue, 28 Feb 2017 17:58:47 +0100 http://www.valeo.com/journalistes/actualite/final-countdown-for-the-valeo-innovation-challenge-registration-ends-on-february-17-2017-10980.html http://www.valeo.com/journalistes/actualite/final-countdown-for-the-valeo-innovation-challenge-registration-ends-on-february-17-2017-10980.html This year, many students asked to have a few extra days to put together a team they hope can win this year's contest. The Valeo Innovation Challenge organizers have therefore extended the registration deadline for the first phase to February 17, 2017.

Valeo's innovation contest is one of the most ambitious in the world today because it invites students to start from scratch and come up with an “idea for new ways of using cars” or a “technological innovation” that will make automobiles greener, more intuitive and more fun by 2030.

The Challenge offers students an opportunity to take part in a unique adventure. The best team in each category will take home a grand prize of €100,000! In addition, the first-place team in the technological innovation category will be able to join a start-up incubator bgive their innovative project a further boost in its development.

To take advantage of this unique opportunity, students need to finalize their application as follows:

  • Two to five people per team

  • A team leader

  • A first draft of the project

Students worldwide can learn more and register for the contest:

Timetable

  • October 14, 2016 – February 17, 2017
    Teams formed and projects submitted

  • March 24, 2017
    24 semi-finalist teams announced

  • March 25, 2017 – July 13, 2017
    Teams each given €5,000 to develop their project

  • September 13, 2017
    Eight finalist teams announced

  • October 26 and 27, 2017
    Projects presented and winners announced

Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving. In 2015, the Group generated sales of 14.5 billion euros and invested over 10% of its original equipment sales in research and development.
Valeo has 148 plants, 19 research centers, 35 development centers and 15 distribution platforms, and employs 88,800 people in 32 countries worldwide. Valeo is listed on the Paris stock exchange and is a member of the CAC 40 index.

VALEO
43 rue Bayen, 75017 Paris
+33 (0)1 40 55 29 72 | +33 (0)1 40 55 21 20
press-contact.mailbox@valeo.com
www.valeo.com

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Valeo announces the successful completion of the Ichikoh takeover bid launched on November 22, 2016 Paris, January 13, 2017- Valeo has announced that 32,383,612 Ichikoh shares have been tendered to its offer, which ran from November 24, 2016 to January 12, 2017, at price of JPY 408 per share. As the offer was oversubscribed, the financial intermediaries will reduce the shares to be acquired by Valeo on a prorated basis, by approximately 30.26%.]]> Tue, 28 Feb 2017 17:58:47 +0100 http://www.valeo.com/journalistes/actualite/valeo-announces-the-successful-completion-of-the-ichikoh-takeover-bid-launched-on-november-22-2016-10975.html http://www.valeo.com/journalistes/actualite/valeo-announces-the-successful-completion-of-the-ichikoh-takeover-bid-launched-on-november-22-2016-10975.html On settlement of the transaction, scheduled for January 20, 2017, Valeo will hold 55.08% of Ichikoh's capital and will thus take control of Japan's leading automotive lighting company, which will remain listed on the Tokyo Stock Exchange. Ichikoh will be fully consolidated by Valeo as from February 1, 2017.

Valeo announced on December 12, 2016 that it had obtained the necessary approvals from the relevant anti-trust authorities to proceed with the transaction.

Valeo and Ichikoh are delighted with the offer's success and would like to thank the contributing shareholders.

Jacques Aschenbroich, Valeo’s Chairman and Chief Executive Officer, said:
"I am proud to welcome Ichikoh's 5,300 employees to the Valeo family. Thanks to the takeover of Ichikoh, Valeo is strengthening its relationship with Japanese customers and continuing to expand in Asia – particularly in Japan and Southeast Asia – which will account for nearly a third of Group sales.”

Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving. In 2015, the Group generated sales of 14.5 billion euros and invested over 10% of its original equipment sales in research and development.
Valeo has 148 plants, 19 research centers, 35 development centers and 15 distribution platforms, and employs 88,800 people in 32 countries worldwide. Valeo is listed on the Paris stock exchange and is a member of the CAC 40 index.

VALEO
43 rue Bayen, 75017 Paris
+33 (0)1 40 55 29 72 | +33 (0)1 40 55 21 20
press-contact.mailbox@valeo.com
www.valeo.com

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Valeo announces the outcome of its 500 million euro bond issue with maturity in january 11, 2023 Paris, January 4, 2017 – Valeo announced the placement of 500 million euros’ worth of new bonds with maturity in January 11, 2023.]]> Tue, 28 Feb 2017 17:58:47 +0100 http://www.valeo.com/journalistes/actualite/valeo-announces-the-outcome-of-its-500-million-euro-bond-issue-with-maturity-in-january-11-2023-10974.html http://www.valeo.com/journalistes/actualite/valeo-announces-the-outcome-of-its-500-million-euro-bond-issue-with-maturity-in-january-11-2023-10974.html This bond issue enabled the placement in favorable conditions of 500 million euros’ worth of bonds with 6-year maturity and a coupon of 0.625%. BNP Paribas, CITI, CM-CIC, Natixis and Mizuho were joint leader managers on this transaction.

Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving. In 2015, the Group generated sales of 14.5 billion euros and invested over 10% of its original equipment sales in research and development.
Valeo has 148 plants, 19 research centers, 35 development centers and 15 distribution platforms, and employs 88,800 people in 32 countries worldwide. Valeo is listed on the Paris stock exchange and is a member of the CAC 40 index.

Contact presse
press-contact.mailbox@valeo.com
+33 (0)6 21 47 88 69 | +33 (0)6 81 73 83 41
www.valeo.com
@Valeo_Group

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Valeo announces the world reveal of five major innovations at CES Las Vegas Las Vegas, January 4, 2017 – For the fourth year running, Valeo will be at the CES in Las Vegas, where it will give five major innovations their world debut. The technologies on display at the Gold Lot Circuit and the Central Plaza booth show what the car of tomorrow will look like, in line with new ways of getting around: it will be more autonomous, more connected and more environmentally friendly.]]> Tue, 28 Feb 2017 17:58:47 +0100 http://www.valeo.com/journalistes/actualite/valeo-announces-the-world-reveal-of-five-major-innovations-at-ces-las-vegas-10970.html http://www.valeo.com/journalistes/actualite/valeo-announces-the-world-reveal-of-five-major-innovations-at-ces-las-vegas-10970.html The five major innovations demonstrate Valeo’s ability to offer complete, innovative technology systems:

  • Valeo eCruise4U, a real technological feat that fully meets the needs of city dwellers. On board the demonstration vehicle, attendees can experience automated driving in electric mode.

  • Valeo XtraVue, a set of connected computer-vision cameras that show drivers what is happening on the road, even outside their line of sight.

  • Valeo 360AEB Nearshield, a new autonomous emergency braking system that eliminates blind spots, alerts drivers to any potential obstacles and brings the vehicle to an automatic halt to prevent impact if necessary.

  • Valeo C-Stream, the new Valeo dome module that replaces the central rearview mirror and maps out the vehicle’s cabin. It can determine the number of people traveling in the car and ensure that drivers are suitably alert.

  • Valeo Cockpit the Experience of Traveling. The technology demonstrator is a unique and original solution that combines a groundbreaking and innovative range of products designed to shape the sensory experience associated with new ways of using cars.

All of these innovations combine to form a new, more electric and therefore more environmentally friendly type of mobility that offers greater vehicle autonomy, improved comfort thanks to enhanced intelligence and better shareability thanks to extended connectivity.

Given that the total number of vehicles worldwide is expected grow, Valeo is committed to making the car safer, more energy efficient and more automated while also equipping it with cognitive abilities. In short, vehicle usage and the driving experience are about to be totally reinvented.

WIDELY ACCESSIBLE INNOVATIONS

Valeo’s innovations are marketed at competitive prices so as to be widely accessible throughout the world.

Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving. In 2015, the Group generated sales of 14.5 billion euros and invested over 10% of its original equipment sales in research and development.
Valeo has 148 plants, 19 research centers, 35 development centers and 15 distribution platforms, and employs 88,800 people in 32 countries worldwide. Valeo is listed on the Paris stock exchange and is a member of the CAC 40 index.

Contact presse
press-contact.mailbox@valeo.com
+33 (0)6 21 47 88 69 | +33 (0)6 81 73 83 41
www.valeo.com
@Valeo_Group

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Just 40 days left to register to create the world's next automotive marvel in the 2017 Valeo Innovation Challenge Paris, December 21, 2016 – With 158 teams already signed up from 35 different countries, including six from France, the 2017 Valeo Innovation Challenge is breaking all its past records and setting up to be a particularly tight contest. And participation is bound to increase, as future candidates still have 40 days left to register. They will be competing to win one of two €100,000 first prizes or one of two €10,000 second prizes.]]> Tue, 28 Feb 2017 17:58:47 +0100 http://www.valeo.com/journalistes/actualite/just-40-days-left-to-register-to-create-the-world-s-next-automotive-marvel-in-the-2017-valeo-innovation-challenge-10965.html http://www.valeo.com/journalistes/actualite/just-40-days-left-to-register-to-create-the-world-s-next-automotive-marvel-in-the-2017-valeo-innovation-challenge-10965.html This year's challenge comes with a new option: the possibility of including a teacher on the competing team. The rules will otherwise be the same as in previous years. Students from all disciplines are invited to enter, in teams of two to five people. The teams must sign up on the contest website https://valeoinnovationchallenge.valeo.com in one of the two available categories: "technological innovation" or "idea for new ways of using cars". Their job is to come up with the innovation or idea that will make cars smarter, cleaner, more fun and more intuitive by 2030.

In each of the two categories, the winning team will take home a grand prize of €100,000 and the second-place team a prize of €10,000. Furthermore, in addition to the €100,000 in prize money, the winning team in the "technological innovation" category will, for the first time ever, have the exceptional opportunity to join a Valeo-partnered start-up accelerator to develop their project in a dedicated environment in contact with other start-ups.

Students are being challenged to venture off the beaten track, break down traditional barriers in the automotive industry and take a fresh look at conventional car practices, in the city, in the suburbs and on the highway, to re-imagine tomorrow's mobility solutions. To make the most of every opportunity and every phase of the contest, go to: https://valeoinnovationchallenge.valeo.com.

Timetable

  • January 31, 2017: Registration deadline

  • March 17, 2017: 24 semi-finalist teams announced

  • March 17, 2017 – July 7, 2017: Project’s development (teams each given €5,000)

  • September 13, 2017: Eight finalist teams announced

  • October 2017: Projects presented to the panel and winners announced

Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving. In 2015, the Group generated sales of 14.5 billion euros and invested over 10% of its original equipment sales in research and development.
Valeo has 148 plants, 19 research centers, 35 development centers and 15 distribution platforms, and employs 88,800 people in 32 countries worldwide. Valeo is listed on the Paris stock exchange and is a member of the CAC 40 index.

Contact presse
press-contact.mailbox@valeo.com
+33 (0)6 21 47 88 69 | +33 (0)6 81 73 83 41
www.valeo.com
@Valeo_Group

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Valeo has obtained approval from the japanese competition authority to take the control of Ichikoh in case of success of its takeover bid Paris, December 12, 2016 – Valeo has obtained approval from the Japanese Competition Authority (Japan Fair Trade Commission) to take the control of Ichikoh in case of success of its takeover bid launched on November 24, 2016 for the shares of Ichikoh, a Japanese company listed on the First Section of the Tokyo Stock Exchange in which Valeo currently holds 31.58% of the capital.]]> Tue, 28 Feb 2017 17:58:47 +0100 http://www.valeo.com/journalistes/actualite/valeo-has-obtained-approval-from-the-japanese-competition-authority-to-take-the-control-of-ichikoh-in-case-of-success-of-its-takeover-bid-10963.html http://www.valeo.com/journalistes/actualite/valeo-has-obtained-approval-from-the-japanese-competition-authority-to-take-the-control-of-ichikoh-in-case-of-success-of-its-takeover-bid-10963.html The approval by the Japanese Competition Authority was one of the conditions of the Valeo’s takeover bid for Ichikoh, which is still subject to Valeo obtaining at least 50.09% of Ichikoh's capital (including the shares it already holds).

With this takeover bid, which has run from November 24, 2016 and will end on January 12, 2017, Valeo is offering to buy shares from Ichikoh shareholders at a price of JPY 408 per share. The takeover bid is capped at 55.08% of the capital in order to maintain the liquidity of the Ichikoh share, which will continue to be listed on the Tokyo Stock Exchange.



Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving. In 2015, the Group generated sales of 14.5 billion euros and invested over 10% of its original equipment sales in research and development.
Valeo has 148 plants, 19 research centers, 35 development centers and 15 distribution platforms, and employs 88,800 people in 32 countries worldwide. Valeo is listed on the Paris stock exchange and is a member of the CAC 40 index.

Contact presse
press-contact.mailbox@valeo.com
+33 (0)6 21 47 88 69 | +33 (0)6 81 73 83 41
www.valeo.com
@Valeo_Group

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