#VALEO

Materials & Lightweighting

13 Suppliers Take Home PACE Innovation Awards

Lightweighting applications to advanced communications and improved visibility

Batteries

Valeo Whets Appetite for Robo Deliveries

Integrates current technologies into concept with Chinese partner

Business

BMW Sues A/C Suppliers for Price Fixing

BMW AG is demanding $155 million in damages from two suppliers of air-conditioning systems, claiming they conspired to rig prices.

Mobility

Hyundai, Renault and Volvo Invest in Cybersecurity Firm

Israel’s Upstream Security, a startup that specializes in cybersecurity systems for connected vehicles, says it has received $30 million in Series B funding.

Business

Dana, Valeo Team Up on 48-Volt Hybrid Tech

Dana Inc. and Valeo SA are partnering to supply 48-volt electric systems for all-wheel-drive hybrid cars and low-speed electric vehicles.

Economics

Valeo’s Sales, Earnings Drop

Parts supplier Valeo SA reports its revenue, operating income and net profit fell in the first half of 2019 because of declining vehicle production, especially in China.

Autonomous Vehicles

Valeo Touts Lidar Contract Wins

Valeo SA says it has received contracts from four unnamed carmakers totaling a combined €500 million ($564 million) for autonomous vehicle lidar sensors.

Toyota Tops Carmakers in 2018 Patents

Toyota received an automotive industry-best 2,500-plus patents in the U.S. last year, according to Harrity & Harrity LLC.

Economics

France Hikes Stake in Valeo

The French government’s Bpifrance investment arm has increased its stake in auto supplier Valeo SA to 5%, in part over concern that activist investors may target the country’s companies.

Business

Lear Invests in Israeli Advanced Mobility Fund

Lear Corp. has made an unspecified investment in Maniv Mobility, an Israel-based venture capital fund that specializes in advanced mobility technology.

Sales

Valeo Sales Up, Profits Down in “Challenging” Year

Acquisitions helped boost revenue for Valeo SA in 2018. But earnings plunged because of slow sales growth in China and emission-test disruptions to production in Europe.

Valeo Touts "Transparent" Trailer Display

Valeo SA’s XtraVue Trailer system is designed to help drivers to “see through” a towed trailer.

Economics

Valeo Warns of New Cost Cuts

Paris-based parts supplier Valeo SA is developing a new cost-cutting budget for 2019 to follow €100 million ($115 million) in reductions imposed last year.

Autonomous Vehicles

Volvo Partners with Baidu on Autonomous Cars

Volvo Car Corp. is the latest company to partner with Baidu Inc. in developing and deploying self-driving vehicles for the Chinese market.

Business

Valeo Joins Baidu’s Apollo Self-Driving-Car Platform

Valeo SA has joined Apollo, the open-source platform autonomous car alliance led by China internet services giant Baidu Inc.

Autonomous Vehicles

Lidar Takes Flight

The advent of advanced driver-assist systems and autonomous vehicles opens the door for several new technologies and the suppliers developing them.

Autonomous Vehicles

14 Suppliers Win PACE Awards for Innovations

Most of the 14 winners of this year’s PACE Awards (Premier Automotive Suppliers’ Contribution to Excellence) were related to autonomous, connected and electrified vehicle programs.

Business

Dassault Tops Sustainability Rankings

Dassault Systemes was named the world’s Most Sustainable Corporation by Corporate Knights, a Toronto-based magazine and research firm.

BorgWarner Taps Frederic Lissalde as COO

Auburn Hills, Mich.-based BorgWarner Inc. has appointed Frederic Lissalde to be executive vice president and chief operating officer, effective Jan. 1.

Autonomous Vehicles

Report: Cheap Lidar Unfit for Autonomous Highway Driving

The new wave of lower-cost lidar sensors being developed for self-driving vehicles may not provide sufficient performance to allow for hands-free driving at highway speeds, reports the MIT Technology Review.

Economics

Valeo’s Net Profit Climbs 20% in First Half

Valeo SA reports that its revenue in the first half of 2017 grew 16% to €9.5 billion ($11 billion), and net income rose 20% to €506 million ($589 million).

Business

EU Fines Hella, Automotive Lighting for Price Fixing

The European Commission has fined Hella and Magneti Marelli's Automotive Lighting unit a combined €27 million ($30 million) for their participation in fixing prices for headlamps and other lighting products.

Autonomous Vehicles

Valeo, Cisco Partner on Parking Service for Autonomous Vehicles

Valeo SA and Cisco Systems Inc. are launching a new automated parking service in France as part of a collaborative development between the companies.

Production

Valeo Expands in China

Valeo SA, which operates 30 facilities across China, is expanding at six of those locations and building two more factories in the country.