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Valeo's net income fell 24 percent in the second half of 2017 as the supplier faced adverse exchange rates and raw material prices, invested more into r&d and took a one-off tax charge.
Valeo's Smart Cocoon reduces energy demands by 30 to 55 percent.
Valeo's director of innovation has sized up how many of the supplier's products will be affected new technologies. The answer? All of them.
Lidar-equipped vehicles are available in showrooms, but forget about those Google-style, coffee-can-size lidars on the roofs.
Valeo's first-half profit rose 20 percent as demand for LED lighting and fuel-efficient engine systems helped sales to outpace global auto markets
Navya, a French maker of driverless shuttles, is training its robot-driven machines to navigate around bankers and corporate directors in Paris, ahead of a push to sell vehicles in the U.S.
Luxury carmaker Audi will introduce Valeo's micro-hybrid "stop-and-start" systems in its RS5 sports coupe, sources told Reuters.
The EU fined Automotive Lighting and Hella 27 million euros ($30.1 million) for operating a cartel. Valeo escaped a fine because it revealed the cartel's existence.
Valeo's quarterly sales rose 22 percent to outpace global vehicle production in all regions as the French supplier reiterated its upbeat 2017 goals.
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