Valeo honored by General Motors for the 5th year in a row.PARIS--(BUSINESS WIRE)--May 27, 1997--General Motors has just announced its 1996 GM Supplier of the Year Awards which reward its best suppliers every year. Valeo Valeo is a French automotive components manufacturer. 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. Electrical Systems won an award for both the starter motors Noun 1. starter motor - an electric motor for starting an engine starter, starting motor electrical system - equipment in a motor vehicle that provides electricity to start the engine and ignite the fuel and operate the lights and windshield wiper and heater produced at its Isle d'Abeau (France) site which it supplies to GM Opel Noun 1. Opel - German industrialist who was the first in Germany to use an assembly line in manufacturing automobiles (1871-1948) Wilhelm von Opel Europe and for the alternators manufactured at its Etaples (France) site which are delivered to General Motors North American Operations North American operation Surgical oncology Radical surgery of a 'frozen pelvis', consisting of radical en bloc resection of the uterus and urinary bladder. See 'Frozen pelvis.'. Cf 'All-American' and 'South American' operations. . The winners were selected from a General Motors supplier base of over 30 000 supplier companies throughout the world by international teams of purchasing, engineering, quality and manufacturing people from General Motors operations around the world. The Supplier of the Year awards became an international award in 1992. Valeo is one of 18 suppliers to General Motors worldwide to have won the award for the 5th year in a row. Valeo is an independent automotive components and systems at the service of all automakers worldwide. Group sales Group sales Block sale (of large amounts) of securities to institutional investors. group sales The distribution of a new security issue to institutional clients. amounted to FF 28.8 billion in 1996 and increased by 13% in the first four months of 1997. Valeo has 107 production plans and R & D centers in 19 countries and employs 35,000 people. CONTACT: David Newhouse (33.1) 40.55.21.05 |
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