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Valeo's 'Green' Partnership to Improve Fuel Economy

7 March 2000

Valeo's 'Green' Partnership to Improve Fuel Economy

                       Valeo and Borg-Warner Cooperate


    AUBURN HILLS, Mich., March 6 Valeo today announced a
partnership with Borg-Warner Cooling System Division (BWCS) to develop cooling
systems for light, medium and heavy truck engine vehicle applications.  This
move will further strengthen Valeo's "green" initiatives.
    Valeo, through its engine cooling branch, and BWCS will join forces to
improve the fuel economy of future vehicle programs by increasing the cooling
system's thermal and aerodynamic efficiency.  Together, Valeo and BWCS will
provide the systems solution needed to cope with increasing emission
regulations in the world's leading light truck and truck markets.
    Valeo's technological expertise as the leading supplier of cooling modules
and components to the light truck and global truck industry will leverage
BWCS' reputation as the world's leading supplier of fan and fan drive systems
to both North American and European Truck customers.  The result will be an
innovation in cooling systems.
    Valeo is an independent industrial group that designs, produces and sells
components, systems and modules for cars and trucks.  It operates in both the
original equipment and aftermarket segments.  By focusing on advanced
technology, global presence, and the relentless pursuit of zero defects, Valeo
has established itself as a permanent frontrunner in all of its core
businesses: Electric/Electronics, Thermal Systems, Transmissions and
Aftermarket.
    Valeo is among the world's top 10 automotive suppliers with estimated 1999
sales of approximately 7.7 billion euros.  With a global workforce of 50,400,
the company has 113 production facilities, 29 research and development
operations, and 10 distribution centers in 20 countries.