Valeo Announces a Plan to Sell Its Heavy Vehicle Signal Lighting Activity

PARIS, Oct. 13, 2003 -- Valeo today announced that its subsidiary Valeo Vision has convened its Central Works Council to a meeting on October 21, 2003, to discuss the proposed sale of its heavy vehicle signal lighting activity to a group of investors, in association with some of the managers of the site.

This activity, which is based in Venissieux, France, is specialised in the design and production of rear lights and safety accessories for heavy vehicles, trailers and buses. In 2002 the activity had 31.1 million euros of sales and it employs around 200 people.

Valeo is an independent industrial Group fully focused on the design, production and sale of components, integrated systems and modules for cars and trucks. Valeo ranks among the world's top automotive suppliers. The Group has 130 plants, 54 R&D centres, 9 distribution centres and employs 69,000 people in 25 countries worldwide.