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2007 Reference document (PDF) - Valeo

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1 Activity<br />

Key events in <strong>2007</strong><br />

PAGE 28<br />

Competitive context<br />

The market for automotive components and systems is<br />

subject to fierce competition, in terms of cost, quality, service<br />

and technology.<br />

For some product lines supplied by the Group on the original<br />

equipment market, <strong>Valeo</strong> is consistently one of three to five major<br />

suppliers who together represent more than half of the market<br />

(in sales), the remainder being made up of a large number of<br />

regional suppliers:<br />

■<br />

in several product lines, <strong>Valeo</strong> competes against the four largest<br />

international automotive suppliers (in alphabetical order): Robert<br />

Bosch, Delphi, Denso and Visteon;<br />

Key events in <strong>2007</strong><br />

1. Commercial success<br />

<strong>2007</strong> was marked by commercial successes that contributed<br />

to increasing <strong>Valeo</strong> content per vehicle. For the second year<br />

running, OE orders came to 1.3 times sales, the highest level<br />

since 2001.<br />

1.1. Powertrain Effi ciency Domain<br />

■<br />

■<br />

■<br />

<strong>Valeo</strong> Engine Management Systems continued its developments in<br />

emissions control, and won seven contracts with several European<br />

and Asian automakers to supply EGR (exhaust gas recirculation)<br />

systems that meet Euro 5 standards.<br />

The micro-hybrid StARS system, developed by <strong>Valeo</strong> Electrical<br />

Systems based on starter-alternator technology, was fitted as<br />

standard on the smart fortwo mhd (micro-hybrid drive) from the<br />

second half of <strong>2007</strong>.<br />

<strong>Valeo</strong> Engine Cooling saw its water-cooled charge air cooler<br />

mass produced for the first time on the Volkswagen Golf 1.4l TSI,<br />

exhibited at the <strong>2007</strong> IAA Frankfurt Motor Show, and the Front-End<br />

Module Division was selected by a US automaker to equip three<br />

new models that will go on sale in 2010. In addition to continued<br />

<strong>2007</strong> <strong>Reference</strong> <strong>document</strong> - VALEO<br />

■<br />

■<br />

■<br />

for certain product lines, such as transmissions, thermal systems<br />

and lighting systems, the leading suppliers include companies that<br />

are smaller or more geographically concentrated, such as Behr,<br />

Hella, Koito, Kostal, Luk, Melco, Sachs, Siemens, etc.;<br />

the following Product Families are among the world leaders in<br />

each segment (in sales): Transmissions, Climate Control, Engine<br />

Cooling, Wiper Systems, Lighting Systems, and Electrical Systems.<br />

In addition, several products in <strong>Valeo</strong> Interior Controls and <strong>Valeo</strong><br />

Security Systems enjoy European or regional leadership positions<br />

(source: <strong>Valeo</strong>).<br />

development on its traditional markets, there were new contracts<br />

in <strong>2007</strong> for innovative products such as the Tricooler, signed with a<br />

US automaker. In addition, the Spanish Division of <strong>Valeo</strong> Electrical<br />

Systems was chosen by a Chinese automaker for the development<br />

and mass production of EGR coolers. Four new contracts were<br />

also signed with European truck manufacturers for engine cooling<br />

modules.<br />

<strong>Valeo</strong> Transmissions won several contracts to supply latestgeneration<br />

vibration dampers for manual and automatic<br />

transmissions in Asia, Europe and the United States.<br />

1.2. Driving Assistance Domain<br />

■<br />

< Contents ><br />

In July <strong>2007</strong>, <strong>Valeo</strong> announced that General Motors had selected<br />

its blind spot detection system, which will be available on certain<br />

Buick and Cadillac models from 2008. This system, based on radar<br />

technology, will also be fitted on the 2008 model of the Jaguar XF.<br />

27 vehicles will be e quiped by the blind spot detection system<br />

by 2010<br />

1<br />

2<br />

3<br />

4<br />

5<br />

6

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