2011 Registration Document - Valeo

The number of orders placed and the percentage of
innovative products composing these orders demonstrate the
Business Group’s customers strong interest in its products
Main competitors on the transmission systems and electrical systems market (1)
Transmission Systems
56%
44%
Other 1. LuK
2. Valeo
3. ZF Sachs
Outlook
In order to meet customer requirements and ensure optimum,
customized product specifications, the Business Group will
reorganize its five Product Groups in 2012:
in light of the synergies and integration of engine
components, the Engine Management Systems and Air
Management Systems Product Groups will be combined
into one Product Group called Combustion Engine Systems.
The two Product Groups will become Product Lines, and
the Air Charging Systems Product Line, created following
the acquisition of a subsidiary of CPT, will be added to the
new Combustion Engine Systems Product Group;
the transversality of hybrid and electric architecture s, and
the impact across all Product Groups will be assessed
and defined at the Business Group level. The Hybrid &
Electric Vehicle Systems Product Group will be renamed
Electronics, and will be in charge of designing and selling
power electronics for hybrid and electric vehicles, as well as
handling electronic integration for all the Business Group’s
components.
(1) In market share, with no major changes from 2010.
Source : Valeo.
Presentation of Valeo and its businesses
Core businesses
and technologies, which bo des well for the further growth of
Powertrain Systems.
Electrical Systems
35%
65%
Other 1. Valeo
2. Denso
3. Bosch
This new organization will strengthen the Business Group’s
goal of expanding based on three areas for development of
powertrain systems that help to reduce CO 2 emissions: engine
downsizing , automation of transmissions and electrification.
The Business Group also seeks to step up the development
of its business in China and India. It has already gained a
strong foothold in both of these countries in electrical systems
and transmissions, where it has been operating since 1997.
The aftermarket will also benefit from the growing number
of vehicles on the road, particularly in these two emerging
countries (up 12% in China and 10% in India in 2011). The
Business Group’s market share has increased significantly
in the aftermarket thanks to its expanded product range
and strong distribution network . The aftermarket contributes
significantly to generating profitable growth for the Business
Group.
2011 Registration D ocument - VALEO
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