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Valeo

American Government Special Collections Reference Desk

Valeo
Vehicle Parts Manufacturer

A French manufacturer of auto parts.

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Wikipedia: Valeo

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Headquarters: Paris, France

A vehicle parts manufacturing company founded in 1923 as Ferodo and renamed Valeo in 1980.

History

The following section is an excerpt from Wikipedia's Valeo page on 28 November 2015, text available via the Creative Commons Attribution-ShareAlike 3.0 Unported License.

Valeo is a multinational automotive supplier based in France, providing a wide range of products to auto manufacturers and after-markets. It is a member of the CAC 40 share index.

History

The Société Anonyme Française du Ferodo was founded in 1923 in Saint-Ouen, a suburb of Paris. It first distributed brake linings and clutch facings under license of Ferodo UK. The society engaged in a diversification in the 1960s by producing braking systems (1961), thermal systems (1962), and lighting systems (1970), and electrical systems (1978). In May 1980, the company was renamed Valeo, which means "I am well" in Latin.

Valeo then engaged in an aggressive strategy of expansion, through many international acquisitions. Today, Valeo is organised into four business groups. Recent acquisitions include the engine electronics division of Johnson Controls in France.

The company's sales in China have doubled every four years, and the new plant opened in 2013 in Yangtze Delta Region, Nanjing, makes China the leading market for Valeo.


Article Index

DateArticleAuthor/Source
24 February 2009Michelin und Valeo vereinbaren Kooperation Wikinews
4 May 2015Foreign-Trade Zone (FTZ) 39--Dallas-Fort Worth, Texas, Notification of Proposed Production Activity, Valeo North America, Inc. d/b/a Valeo Compressor North America, (Motor Vehicle Air-Conditioner Compressors), Dallas, TexasFederal Register: Foreign-Trade Zones Board (Andrew McGilvray)
25 August 2015Authorization of Production Activity; Foreign-Trade Zone 39; Valeo North America, Inc. d/b/a Valeo Compressor North America (Motor Vehicle Air-Conditioner Compressors); Dallas, TexasFederal Register: Foreign-Trade Zones Board (Andrew McGilvray)


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