Valeo ready to buy out Siemens from EV parts venture

Valeo rtrs web.jpg

B

By:

Bloomberg

September 17, 2021 12:57 PM

Valeo has given the clearest indication yet it intends to buy out partner Siemens from their electric-car components venture to counter a declining combustion-engine business.

Featured Stories

New Stellantis CEO Antonio Filosa faces series of hurdles

Filosa’s ability to honestly assess where Stellantis has erred in recent years could prove vital as he works to repair relationships with dealers, suppliers and employees.

New Stellantis CEO Antonio Filosa faces series of hurdles

Trump to double steel tariffs to 50% to aid Nippon-U.S. Steel deal

Trump to double steel tariffs to 50% to aid Nippon-U.S. Steel deal

Automakers warn shortage of rare-earth magnets from China threatens U.S. light-vehicle output

Automakers warn shortage of rare-earth magnets from China threatens U.S. light-vehicle output

Finance Insurance

FTC seeks to drop one count against Asbury after Trump executive order on disparate impact

FTC seeks to drop one count against Asbury after Trump executive order on disparate impact

Latest News

Trump to double steel tariffs to 50% to aid Nippon-U.S. Steel deal

Automakers warn shortage of rare-earth magnets from China threatens U.S. light-vehicle output

Live updates on tariffs: Court rulings sow tariff confusion

Daily 5 report for May 30: A look at some Ford family dynamics

Staying current is easy with newsletters delivered straight to your inbox.

See More in Suppliers

Congress Conversations: Live talk on evolving tariff policy and auto supply chains, noon EDT June 3

Automakers must switch to SDVs to survive, WirelessCar CEO Niklas Floren says

Marelli chases ‘China Speed’ with plan to slash 3-year product cycle to one

Daily 5 report for May 27: Lessons learned from KKR’s merger of two troubled auto suppliers

Staying current is easy with newsletters delivered straight to your inbox.