Valeo Honored by General Motors as a 2000 Supplier of the Year;

  Company Receives Eighth GM Award   Business Editors, Automotive Writers   NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on  Business Wire's Home Page at www.businesswire.com and at  www.newstream.com   WASHINGTON--(AutomotiveWire)--May 1, 2001--Valeo was named a  General Motors Supplier of the Year, recognizing superior performance  in the areas of quality, service, technology and price of the  company's starters and IP switches activities.    The award was presented during ceremonies Saturday, April 28 at  the historic Warner Theatre in the nation's capital.   "It is an honor for Valeo and the starters and IP switches teams  to be named General Motors Supplier of the Year," said Valeo chairman  and CEO Thierry Morin, who accepted the award on behalf of the  company. "This award marks the eighth time GM recognized Valeo's  dedicated efforts to exceed performance goals, and clearly illustrates  the effectiveness of the Valeo 5 Axes for customer satisfaction. We  look forward to the opportunity for continued service to GM in years  to come."   The GM Supplier of the Year awards began as a global program in  1992. Award-winners are selected by a global team of executives from  purchasing, engineering, manufacturing and logistics who base their  decisions on supplier performance in quality, service, technology and  price. This year, General Motors honored 165 suppliers from 20  countries for their excellence throughout 2000.   "Valeo represents the best of the best and it has set an example  during the past year for other companies to follow," said   Bo Andersson, executive in charge, GM Worldwide Purchasing. "It is a  role model and it is an honor to work with a company so committed to  supporting our priorities for quality, launch and a balance between  current and future business."   Valeo starters and IP switches activities are among the world  leaders. These businesses are a part of the Group's electrical and  electronics business segment, which accounts for nearly 6 billion euro  ($5.4 billion) in sales and has grown considerably for more than a  decade. Valeo received Corporation of the Year honors from General  Motors in 1993.   Valeo is an independent industrial group fully focused on the  design, production and sale of components, integrated systems and  modules for cars and trucks and ranks among the world's top automotive  suppliers. With 2000 sales of 9.1 billion euro ($8.2 billion), Valeo  has 167 plants, 49 R&D centers, 10 distribution centers and employs  75,000 people in 24 countries worldwide. For further information on  the Group and its activities, please see the website www.valeo.com.   Note: A Photo is available at URL:  http://www.businesswire.com/cgi-bin/photo.cgi?pw.050101/bb11     
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