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Industry: Email Alert RSS FeedValeo buys engine-management expertise; Purchase of JCI unit gives supplier access to budding technology.(Brief Article)
Automotive News Europe, January, 2005 by Saint-Seine, Sylviane de
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Byline: Sylviane de Saint-Seine
Valeo is gaining a foothold in engine management systems by acquiring Johnson Controls Inc.'s engine-electronics unit (JCEED).
Engine management is a key technology as carmakers try to cut fuel consumption and harmful emissions to meet tougher environmental rules.
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The [euro]330 million purchase will give the French supplier expertise in camless engines using electromagnetic valve actuation, says Valeo CEO Thierry Morin. This technology, which has the potential to reduce fuel consumption by up to 35 percent, could be on the market by 2009, he ...
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