Tag: $Valeo

Volkswagen Group is working with Valeo and Mobileye to upgrade the advanced driver assistance systems up to Level 2+ (“enhanced partially automated driving”) in its upcoming vehicle portfolio based on the MQB platform.

Valeo shares fell sharply after the company said carmaker customers canceled orders worth billions of dollars and delayed new ones in response to economic and technological uncertainty.

French car parts company Valeo announced on Friday an agreement to sell its propulsion systems business in Russia to Russian company NPK Avtopribor.