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December 11, 2002
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This Week:

• Chevrolet Announces SSR Signature Series

• Arrival of Porsche Cayenne

• MINI Opens Its "Virtual" Factory

• Renault, Toyota and Mitsui Boost Partnership in Colombia

• The new Audi S4 - Supreme power and superior handling

• Ford Rouge Center Redevelopment Lays Foundation For Manufacturing Future

• GM Names Wagoner Next Chairman

• Volkswagen in China

• Aston Martin Jaguar Land Rover North America Reports Record November Sales For Land Rover In The United States

• Valeo consolidates its lighting activities in Spain

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Valeo consolidates its lighting activities in Spain

Paris, France - Valeo Illuminacion S.A., a Spanish subsidiary of Valeo, today announced a plan to consolidate its lighting activities in Spain in order to ensure the future competitiveness of the business.

The restructuring will entail the transfer of all production from the plant in Sant Esteve Sesrovires near Barcelona, which employs 261 people, to the facility in Martos, near Jaen in Southern Spain. The facility in Martos currently employs 1,778 people and produces lighting systems. The consolidation will result in the subsequent closure of the Sant Esteve Sesrovires plant.

Measures will be put in place to facilitate the relocation to Martos of employees who volunteer to do so, or to help them find alternative employment.

This action is part of Valeo's ongoing restructuring program.

(Dec 04, 2002)