Valeo SA plans to divest its truck signal-light division, located in Venissieux, France.
The group, one of seven facilities within Valeo Vision France, employs 200 people.
The planned divestiture is part of Valeo’s strategy, announced in May, to re-focus on its core businesses. Although there have been rumors in the international media about Valeo selling off its Rochester division, no announcement has been made. The company employs some 1,200 here.
Valeo has had trouble turning around the Rochester operations of ITT Electrical Systems, which it bought in 1998. The company has been plagued by a sharp downturn in the North American auto market and high raw materials prices.
Valeo is an independent industrial group focused on the design, production and sale of components, integrated systems and modules for cars and trucks. The group has 162 plants, 49 research and development centers, and 10 distribution centers. It employs 78,000 people in 25 countries worldwide.
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