Valeo is engaged in the manufacture of automobile and truck components and spare parts. Co. is organized into ten industrial operating units worldwide to serve customers locally. These industrial branches are regrouped into activities to encourage transversal synergies in manufacturing and... More
Monday, Oct 292012, 5:52 AMFord (F) agrees to sell its climate-control business to Detroit Thermal Systems, a JV of France's Valeo and entrepreneur Vincent Johnson. While the price is undisclosed, the deal is significant because it represents the final step in a 2006 plan to cut Ford's North American workforce and sell its Visteon (VC) parts facilities. The plan was put in place by Mark Fields, hotly tipped to be Ford's next CEO. (PR) |Monday, Oct 292012, 5:52 AM| Comment!