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Valeo Considers Sale of Electrical Wiring Business

According to news published by French daily Les Echos, French automotive components manufacturer Valeo is conducting exclusive talks with German component maker Leoni regarding the potential sale of Valeo’s electrical wiring business.

The electrical wiring business unit generates annual sales of 545 million euros and employs 12,000 staff. The sale of this unit would reportedly enable Valeo place a greater focus upon its core businesses; comfort enhancement, driving assistance and powertrain efficiency.

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Hayes Lemmerz Appoints VP Steel Wheel Operations

Hayes Lemmerz International has appointed John Stephenson as vice president of the Steel Wheel Operations for the company’s International Wheel Group, effective immediately. Mr. Stephenson will report directly to International Wheel Group President Fred Bentley. Mr Stephenson will have responsibility for the company’s International Steel Wheel businesses with operations in Germany, Spain, Czech Republic, and India.

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Strategic Alliance Among Auto Aftermarket Companies

Four companies – SKF, Tenneco Automotive, TRW and Valeo – have signed a memorandum of understanding to develop plans to enhance the services offered to their European automotive aftermarket customers. The companies will investigate opportunities to share skills and resources in the fields of training, technical support services and logistics, especially transportation. The four companies will remain independent. Any alliance between the companies resulting from the initial investigation will be subject to the necessary government approvals.

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New Tenneco Vice President

Jean Pierre Dolait has been appointed as Vice President Sales and Marketing, Aftermarket Tenneco Automotive ( Monroe brand suspension products and Walker exhaust systems). Previously at Valeo, Dolait reports to Tenneco’s General Manager, Aftermarket, Don Miller.

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ArvinMeritor European Director

Thierry Leblanc (41) is joining the ArvinMeritor group as European Sales and Marketing Director for the Light Vehicle Aftermarket division (shock absorbers, exhaust systems, catalytic converters and filters). Mr Leblanc joins from Valeo Windscreen Washing Systems where he was Aftermarket Director. He succeeds Fabrice Rosi, who remains a consultant at sales and marketing level to the ArvinMeritor Light Vehicle Aftermarket division.

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Michelin Out Of The CAC 40?

There is speculation among analysts that Michelin and Valeo could be dropped from the CAC 40. Continental has been ousted from the DAX Index and Goodyear from the Dow Jones Index recently.

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