Automotive component supplier Valeo (www.valeo.com) is celebrating its 80th anniversary since its 1923 inception as the Societe Anonyme Francaise du Ferodo. Originally formed as the exclusive distributor in France of friction materials produced by the UK company Ferodo Ltd., Valeo (Latin for "I'm doing well") entered the U.S. market in 1980 and has since been a supplier of components, integrated systems, and modules for cars and trucks. In 2003, Valeo reported worldwide sales at 10 billion euros.
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