2007 Reference document (PDF) - Valeo

1 Activity
The Group
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1.5. Functional networks
The main functional networks are as follows:
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technical networks, under the responsibility of the Group’s Technical
Director since May 2005 (Quality, Purchasing, Industrial, Projects,
Logistics, Information Systems, Real Estate) and Valeo’s “5 Axes”
deployment and audit system;
Sales and Business Development , structured according to customer
business, with a Client Director dedicated to each major automaker,
and according to geographic region, with a Country Director for
each major country (China, Germany, India, Japan, North America,
Poland, South America, South Korea, Spain);
Research and Development, under the functional responsibility
of Product Families and the operational responsibility of Domains
and Product Marketing;
Human Resources, in charge of managing skills (from recruitment
to remuneration via internal mobility), training, and adherence to
the Group’s Code of Ethics;
Risks Insurance Environment Health Safety, which co-ordinates all
actions in these domains;
2. Domains and Product Families
The purpose of the Domains is to foster innovation in order to
offer the market comprehensive solutions relating to the issues of
safety, the environment and comfort (see paragraph 1.3. above).
The Domains work in synergy with the various Product Families in
order to offer innovative solutions bringing together the Group’s
different fields of expertise.
2.1. Powertrain Effi ciency
This Domain devises systems for enhancing vehicle performance
and driving pleasure while minimizing fuel consumption and
pollutant emissions. Five Product Families contribute in particular
to developments in this Domain: Engine Management Systems,
Electrical Systems, Engine Cooling, Compressors and Transmissions.
2.1.1. Engine Management Systems
By improving the specific performances of the engine, electronic
management systems reduce the environmental impact of
vehicles while enhancing the driving experiencing and enriching
the Powertrain Efficiency Domain offering.
2007 Reference document - VALEO
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all Finance, Legal and Strategic operations:
the Financial Control network guarantees the reliability of financial
reporting and certain physical indicators. Along with the teams
in the Operations Department, it oversees the implementation
of action plans,
the central Accounts teams define and apply rules relating to
the risk management of external financing and of market risks
relating to changes in interest rates, currency values and raw
material costs,
disposals, acquisitions and the creation of joint ventures are
coordinated centrally by a specialized team, supported, where
necessary, by expertise from individual Product Families and
Divisions,
Financial Communications;
the centralized Communication Function defines communication
plans and coordinates internal and external communication
networks within the Product Families.
In 2007, Valeo Engine Management Systems focused particularly
on the following areas:
■ the development of an original architecture for exhaust gas
recirculation (EGR) both for diesel engines (with a view to
reducing pollutants covered by the pending Euro6 standard) and
for gasoline engines (in order to generate fuel savings);
■ the development of Smart Valve Actuation technology, also
known as e-Valve, which was pursued and supported by several
major automakers. The technology used in this system represents
a considerable advance in gasoline engines as it reduces
consumption by 15-20% in mixed driving cycles, and also reduces
pollutant emissions. The system also offers users an improved
performance and a more comfortable driving experience.
Other key products of Valeo Engine Management Systems are as
follows:
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complete engine management systems for gasoline and diesel
engines;
engine control units;
electric motor drives;
emission control systems and components;
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