List of News and Information about valeo and revenue on 4WheelsNews.com
News and Information about valeo and revenue
Read the latest news and information about valeo and revenue published on 4WheelsNews.com! View comments and pictures about valeo and revenue on 4WheelsNews.com!
Valeo logged a 6-percent climb in revenues in the first quarter of 2014 to EUR3.11 billion ($4.3 billion), thanks to higher demand in China and North America as well as to end of the auto sales crisis in Europe. CEO Jacques Aschenbroich said in a statement that company’s results demonstrate its capacity to “outpace the market” in all production regions and in all business groups.
Valeo is now concentrating on technology that improves safety and enhances comfort while reducing pollution. The French company in 2013 was able to achieve a target to improve earnings as a proportion of sales thanks to higher pace of growth in the second half of the year.
Valeo is expecting the European car maker to expand between 1 percent and 2 percent this year, as the region recovers from the recent slump. Valeo reiterated a goal to have its full-year 2014 sales grow faster than auto markets in its main regions.Read the entire article Valeo revenues in first quarter 2014 hike 6% to 3.11 billion euros
Audi will launch a production car that uses Valeo’s electric supercharger next year. Other automakers are likely to follow as talks are now ongoing with several companies. This electric supercharger boosts an engine's acceleration while saving fuel. Valeo, which is based in France, didn’t name which Audi model this supercharger will be in but if reports are to be believed, it will be fitted on the Audi Q7 premium SUV.
Valeo's Chief Operating Officer Christophe Perillat-Piratoine said that the French company is talking to several automakers about this technology; however, he didn’t name these brands. Valeo's electric supercharger removes the lag time in the acceleration of cars that use turbocharged engines. Valeo’s system is different from that of a turbocharger, which runs off exhaust gases.
Valeo’s system provides the engine with an almost instantaneous air flow to increase acceleration via an electric motor. Fuel consumption is cut by 7-20%, Valeo claims.Read the entire article Audi uses Valeo’s electric supercharger on car set for release in 2016
If Valeo’s plans proceed without a hitch, it will be able to offer self-driving vehicle platforms to automakers before this decade ends. Valeo, an auto parts maker based in France, intends to utilize its partner Safran’s drone software and other military technologies.
Last Friday, Valeo was demonstrating autonomous car and other prototype systems that were jointly developed with Safran. Valeo revealed that the first applications may be available to its automaker buyers in the next three years.
The two French companies have a research and development deal forged in 2013. They’re in collaboration to build self-driving systems with final applications that range from hatchbacks to unmanned aircraft.Read the entire article Valeo, Safran work together to create self-driving vehicle platforms
PSA/Peugeot-Citroen posted a 1.6-percent jump in group revenues in the third quarter to EUR12.3 billion ($15.6 billion). Its core automotive division, however, logged a slight 0.8-percent dip in revenues in the quarter to EUR7.97 billion at the automotive division, despite a push on pricing. PSA said in a statement that the pricing push "only partially offset” the negative volume and currency effects.
The French carmaker said its group revenues were boosted by gains in Europe and China, which more than offset drops in Latin America and Russia. PSA said it still expects to post a positive operational cash flow by 2016. PSA Chief Financial Officer Jean-Baptiste de Chatillon even remarked that he would be "very disappointed" if the carmaker fails to achieve the goal early as this year.
PSA chief executive Carlos Tavares said in the statement that the carmaker’s “road back to a full recovery” is still long and it should remain “collectively focused on execution." The carmaker managed to log a 5.4-percent jump in global deliveries to 643,600 vehicles in the third quarter of 2014.Read the entire article PSA logs 1.6% jump in revenue in third quarter despite drop of core brand sales
Johnson Controls Inc. posted a 3-percent surge in revenues in the quarter ended June 30, 2014 to $10.8 billion, thanks to growing demand for its car seats. The supplier’s automotive business has been booming, thanks to strong demand in China, which accounted for around 32 percent of the division's $5.7 billion in revenue in the period.
However, the company saw its revenues from its cooling and heating systems business drop 4 percent in the third quarter, no thanks to lower demand from the Middle East and North America.
Johnson Controls said it expected its cooling and heating systems business to return to growth in the current quarter ending Sept. 30, 2014, bannered by a low single-digit revenue gain.Read the entire article Johnson Controls logs 3% hike in revenues for quarter ended June 30
PSA/Peugeot-Citroen posted a 2-percent surge in revenues in the first quarter of 2014 to EUR13.3 billion ($18.4 billion), the carmaker said in a statement. PSA attributed its performance in the quarter to the recovery of the European market and to strong growth in China.
PSA logged an 8-percent hike in global deliveries to 725,917 passenger vehicles, with gains of 16 percent in Europe and over 18 percent in China. Sales in Russia and Latin America dropped in the period. PSA said that stronger sales in Europe and China also offset the effects of a weaker Russian ruble, Argentinian peso and Brazilian real against the euro.
Currency fluctuations have trimmed revenues at the carmaker by around 5 percent. PSA Chief Financial Officer Jean-Baptiste de Chatillon described the period as “very positive quarter” that has allowed the carmaker to return to revenue growth.Read the entire article PSA logs 2% rise in revenues in first quarter of 2014
Renault posted a slight drop (0.1 percent) in revenues in the first quarter of 2014 to EUR8.26 billion ($11.4 billion), as the strong euro offset higher deliveries in the period. The French carmaker posted a 5-percent surge in deliveries in the first three months of 2014 to 636,239 vehicles, boosted by demand for Dacia models like the Sandero hatchback.
Renault said in a statement that while main emerging markets were “slowing down with poor visibility,” the recovery in the European market seemed stronger than expected. Renault is penetrating into emerging markets to cut its reliance on Europe, which is gradually recovering a six-year slump.
As supported by expansion and deeper ties with alliance partner Nissan, Renault disclosed in February that it seeks to hike its annual revenues by 22 percent to EUR50 billion in three years. The French carmaker would seek cost cuts to hike its return on sales to over 5 percent from 3 percent.Read the entire article Strong euro hurts Renault revenues in first quarter 2014
The French government is planning to cut its holdings in global automotive supplier Valeo as part of its bid to boost the country's struggling auto industry. According to Bpifrance Participations, the French government had commenced process of selling around 2 million shares -- equivalent to 2.5 percent of the Valeo capital -- through a private placement.
Bank of America, Merrill Lynch and Credit Agricole CIB are lead managers of the placement. Once the transaction materializes, Bpifrance would only have a 3.3-percent stake in Valeo. "I am grateful to Bpifrance Participations for having taken a stake in our capital at a key moment in Valeo's history, in the midst of the crisis in 2009," Valeo chief executive Jacques Aschenbroich said in a statement.
Using Valeo had a market value of EUR8.04 billion ($11.15 billion) at the market close on March 11, 2014, which means that the stake divestment would result to around EUR201 million ($278.72 million) in proceeds. Shares of the global automotive supplier have surged more than nine-fold since the end of 2008, thanks to strong auto demand in North American market that helped the supplier ride and offset a six-year slump in Europe.Read the entire article France to reduce stake in Valeo via private placement
Valeo posted a 16-percent surge in earnings before interest, taxes and other expenses in the second half of 2013 to EUR411 million ($563 million), thanks to higher demand for cars in China and North America as well as improvements in the European vehicle market. It exceeded the EUR375 million average of three analyst estimates surveyed by Bloomberg.
Valeo also logged a 3-percent rise in revenue EUR5.94 billion. Valeo is focusing on technology that promotes safety, comfort and pollution reduction to hike its profitability. The supplier was able to match a goal of a "slight increase" in 2013 earnings as a proportion of sales thanks to surging demand from German and Asian customers.
"Our strong cash generation and financial position will help us prepare for the expected sharp growth in sales, particularly in 2015 and 2016," chief executive Jacques Aschenbroich said in the statement. He expressed confidence that Valeo's strategy focused on innovation and on developing its businesses in fast-growing production regions will enable them to continue delivering margin growth that is in line with their medium-term financial objectives.Read the entire article Valeo hikes second-half earnings by 16% to EUR411 million
Valeo will purchase the stake it does not yet own in its lighting joint venture Valeo Sylvania from partner Osram for $104 million. The purchase price is around three times the Valeo Sylvania's earnings before interest, taxes, depreciation and amortization, Valeo said in a statement. "The takeover of Osram's shares in Valeo Sylvania represents a major step in Valeo's strategy to increase its position as a global leader in automotive lighting," Valeo chief executive Jacques Aschenbroich said.
The company expects the agreement to be completed by the end of January. IHS Automotive analyst Andrew Herzig remarked that the purchase will help “align Valeo's automotive lighting presence worldwide by adding North American sales to the rest of its lighting business worldwide."
Herzig, whose specialization lies in European component forecasts and analysis, estimates that Valeo Sylvania is already one of the top five suppliers of headlamps and tail lights in North America. HIS estimates that Valeo is one of the largest European auto lighting company along with Magneti Marelli and Hella.Read the entire article Valeo to acquire Osram’s stake in Valeo Sylvania JV
Renault logged a 3-percent drop in revenues in the third quarter of 2013 to EUR8 billion ($11.04 billion), partly due to Iran sanctions. Likewise, the drop came as weaker emerging market currencies more than offset gains in pricing and sales volumes. Despite the revenue drop, Renault said that it remains on track to meet its objectives for 2013, reiterating its vow to deliver a global sales surge supported by a positive auto division operating margin and free cash flow.
The carmaker saw its automotive division revenue eaten up by the weaker Brazilian real, Argentinian peso, Indian rupee and Russian ruble against the euro. Renault has been shrinking the pricing gap with Volkswagen as it launches new models like the Captur compact sports utility vehicle and updated Clio subcompact.
Renault saw its global sales volumes surge by 3 percent thanks to strong demand in Russia and Turkey, which helped make up for 23,000 lost vehicle sales to Iran, stopped by international sanctions.Read the entire article Renault saw revenues drop 3% to EUR8 billion in 3rd quarter
Valeo’s sales in the third quarter grew as demand increased in China and North America and the European auto market displayed signs of stabilizing. The French supplier said that sales climbed 2.2% to 2.91 billion euros ($3.98 billion) from 2.84 billion euros the previous year. The revenue during the last nine months totalled 9.07 billion euros, which is 2.6% higher compared to the past year.
Valeo has not changed its full-year target of a "slight increase" in operating margin as a proportion of revenue in 2013, "assuming stabilized market conditions in Europe." The auto market in Europe is meant to decrease for a sixth straight year after an 18-month recession in the euro region that concluded in the second quarter.
In a statement, CEO Jacques Aschenbroich said that the group posted “excellent figures” for the original equipment market as well as in the aftermarket. This also is indicative of its capacity for balanced growth. He added that these results are reflective of the gradual entry into production of the high order intake posted by the group in the past three years and the strength of Valeo's growth model.Read the entire article China helps Valeo increase its sales in the third quarter
French supplier Valeo posted EUR3.04 billion ($3.95 billion) in sales in the first quarter of 2013, compared to EUR3.03 billion in sales in the same period in 2012. The rise in Valeo’s first-quarter sales was primarily due to gains in China and North America that helped offset dismal results in Europe. The French supplier reiterated its full-year forecast of a 4-percent drop in automotive production in Europe and a 1-percent growth in global auto output, as well as steady prices of material prices.
Valeo also reaffirmed its 2013 targets that had its sales growing faster than production in its major markets. The supplier expects its 2013 operating margin to be "in line" with last year's level. Valeo is paying more focus to safety, comfort and environmental technologies to increase margins. Valeo chief executive Jacques Aschenbroich vowed in 2012 to double revenue from fuel-saving parts to EUR1 billion by 2013.
In March 2011, the supplier set a target of boosting annual revenue to EUR14 billion by 2015. Aschenbroich said in a statement that Valeo's performance in the first quarter proved the strength of the company’s strategy that is based on innovations and the expansion in Asia and emerging countries.Read the entire article Valeo logs slight hike in first quarter sales to EUR 3.04 billion
Renault posted an 11.8-percent drop in revenues in the first quarter of 2013 to EUR8.27 billion ($10.7 billion), no thanks to the European vehicle market that shrinks faster than the growth pace outside the region. The French carmaker also posted a 4.7-percent fall in global deliveries to 608,455 vehicles in the quarter. In a statement posted on its investors' Web site, Renault reduced its 2013 forecast for industry-wide European car sales.
The carmaker now expects a 5-percent drop in industry-wide sales instead of the 3-percent fall it earlier predicted. Renault noted that the conditions in Europe “were tougher than expected" in the first three months of 2013.
Renault, however, reiterated its full year targets of a positive operating margin and positive free cash flow for its carmaking division. In 2012, the carmaker posted EUR729 million in earnings before interest, taxes and one-time gains or costs.Read the entire article Renault suffers 11.8% drop in Q1 revenues to EUR 8.27 billion
PSA/Peugeot-Citroen logged a 6.5-percent drop in revenues in the first quarter of 2013 to EUR13 billion ($16.9 billion) from EUR13.9 billion in the same period in 2012, as the French carmaker’s overseas sales failed to offset slumping deliveries in Europe. PSA’s deliveries, excluding component kits for assembly, dropped 2.5 percent to 674,200 vehicles.
PSA reiterated plans to reduce cash consumption at its automotive-unit in 2013 by half to EUR100 million. The carmaker also reiterated a target to achieve a breakeven in operational cash flow by the end of 2014. PSA’s automotive unit posted a 10.3-percent slide in revenues in the first quarter of 2013 to EUR8.7 million, reflecting a 10-percent shrinkage in the European market.
PSA also saw its inventory drop 134,000 units to 414,000, in line with an adequate level for 2013. According to a posting at its investor Web site, PSA said that a further drop in Europe's market in 2014 may make new savings measures necessary.Read the entire article PSA posted 6.5% first-quarter revenue drop to EUR13 billion
Audi’s earnings in 2012 were adversely affected by the declining market in Europe so for this year, the automaker is targeting a "slight" increase in revenue for 2013. Audi said that its operating profit increased by 0.6% to 5.38 billion euros ($6.99 billion) in 2012 while the net profit decreased by 2% to 4.35 billion euros.
Revenue had grown by 11% to 48.8 billion euros. Its operating profit as a percentage of sales was at 11%, a bit higher than its long-term target range of between 8% and 10%. Audi said that it predicted to hit an operating margin at the upper end of its long-term target for this year. Audi predicts more deliveries for this year due to demand for the next-generation A3 Sportback launched last February and the S3 performance version of the model that comes out in the summer.
An A3 sedan, which is being aimed at the buyers in the U.S. and China, is expected to arrive at showrooms later this year. Audi accounted for around 40% of VW Group’s earnings, making it the primary profit driver of the VW Group.Read the entire article Audi is targeting a slight increase in revenue for 2013
The profitability of French parts supplier Valeo in 2012 suffered an 11% decline even after it received record-high orders for its fuel-saving and safety technologies. Last Friday, Valeo revealed that it aims to sustain its profitability this year even though it’s likely to experience a 4% drop in European auto production, after net income decreased to 380 million euros ($502 million) in 2012.
In a statement, CEO Jacques Aschenbroich said that orders were driven by the growth of its business in Asia and emerging countries. He added that the company is “confident” in its capacity to attain a strong and profitable organic growth.
Last year, sales increased by 8.2% to 11.8 billion euros due to a record order intake of 15.8 billion. Valeo is not changing its medium-term target of surpassing a 7% operating margin. Its full-year operating profit increased by 3% to 725 million euros, to get to a 6.2% margin.Read the entire article Valeo suffers 11 percent decline in 2012 profits
Ford Motor Co. created a minority supplier scheme that involves V. Johnson Enterprises (an affiliate of former NBA star Vinnie Johnson's Piston Group), entering a joint venture with French supplier Valeo SA. Detroit Thermal Systems LLC is the name of this new entity. According to a report last week by Crain's Detroit Business (an Automotive News affiliate), Ford facilitated the deal to form the minority-owned supplier and to shift its ACH Sheldon Road plant climate control business in suburban Detroit to the newly formed joint venture.
DTS has leased a 365,000-square-foot plant located west of Detroit in Romulus, Mich., for the new business. The plant’s operations are meant to sustain the ACH business, or HVAC (heating, ventilation and air-conditioning) units for Ford vehicles, with a total of 30 injection-molding presses. The plant will start production in the third quarter of 2013 and can build 2 million units each year.
The equipment, assets and operations from the Sheldon Road plant will be moved to Detroit Thermal Systems' Romulus plant, which is set for completion by the end of 2014. Della DiPietro, ACH consultant and spokesperson, said that Ford will then find a way to sell the plant. DTS hopes that by 2015, it will have hired 500 workers at the Romulus plant. There are currently 750 ACH Sheldon Road workers. Many of which are UAW members. They will have to reapply for positions at the new DTS plant. DiPietro said that most of them will get job offers from either DTS or Ford.Read the entire article Ford creates minority supplier scheme that involves Valeo in Detroit area
Ferrari posted a 17.3 percent increase in revenues in 2011 to a record EUR2.25 billion, thanks to the strong demand in the United States and China. The company also posted a 3.2 percent hike in trading profit to EUR312.4 million, and slight increase in net profit increased to EUR209 million in 2011.
The company said in its latest financial results that it recorded 14.1 percent return on sales in 2011, which was one of the highest in the automotive sector. Ferrari also logged a 9.5 increase in new car sales in 2011 to a record 7,195 units.
The sports car maker sales posted an eight-percent growth in sales in the US to 1,958 vehicles. China also proved to be high-growth market, as Ferrari logged a 62.6 percent hike in sales to 777 units. Ferrari also continues to post high growth in other car markets.Read the entire article Ferrari’s 2011 revenue soars 17.3% to EUR2.25 billion
The demand in China had boosted the sales of Jaguar Land Rover’s models, contributing to the 30.3% increase in quarterly revenue to 2.9 billion pounds or 3.4 billion euros for the period ended Sept. 30. Last Monday, JLR said that for the same period, its pre-tax profits rose 9% to 287 million pounds.
JLR, which is owned by Tata Motors from India, said that it had gained from the robust sales of its new Range Rover Evoque, of which 7,700 models had been sold since it was launched. Demand for the Jaguar XF powered by a 2.2-liter diesel engine had also been strong.
In the first half, Jaguar Land Rover’s unit sales had grown by 13.8% to 130,090. The company said last week that it will add 1,000 jobs at its factory in Solihull located near Birmingham, England, to boost the production of the Range Rover, Range Rover Sport, Discovery and Defender models.Read the entire article Jaguar Land Rover quarterly revenue rise 30.3 percent
Did you film an important event?