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

 Company Receives Eighth GM Award  
Business Editors, Automotive Writers  
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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.  
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