Signature of a Cooperation Agreement Between Valeo and Ibeo

PARIS, December 17, 2010 - Valeo announced today that it has signed a cooperation,
development and license agreement with Ibeo Automotive Systems GmbH in the
field of laser scanner technology.

This agreement gives Valeo exclusive access to Ibeo's
expertise and know-how and enables it to evolve Ibeo's laser scanner
technology for high volume applications. This technology complements Valeo's
own range of radar, ultrasonic, infrared and vision sensor systems.

With the laser scanner, Valeo, which is already market leader
in driving assistance systems, will be able to promote innovative active
safety features in this area.

Ibeo, a specialist in the area of laser scanners, has provided
sensors for many automakers' advanced developments for over 10 years. It has
also supplied sensors for numerous research projects, including the DARPA
(Defense Advanced Research Projects Agency of the United States) Urban
Challenge, where Ibeo fielded an autonomous vehicle on its own.

Valeo and Ibeo will cooperate to define, specify and develop
products using laser scanner technology and Valeo will market them for
mass-production automotive applications. These smart driving systems will
contribute to improving safety, fuel efficiency and driving comfort.

Valeo is an independent industrial Group fully focused on the
design, production and sale of components, integrated systems and modules for
the automotive industry, mainly for CO2 emissions reduction. Valeo ranks
among the world's top automotive suppliers. The Group has 110 plants, 21
Research centers, 40 Development centers, 10 distribution platforms and
employs 57,300 people in 27 countries worldwide

Ibeo is a world-leading company in laser scanner technology
for automotive applications. Since its foundation in 1998, Ibeo has been
dedicated to the development of advanced laser measurement technology
including innovative algorithms for object tracking and classification. This
know-how enables Ibeo's laser scanner sensor to support all driving
assistance applications up to full autonomous driving.

For more information about the Valeo Group or Ibeo activities,
please visit our web site www.valeo.com. bzw. www.ibeo-as.com

Valeo: Sylvie Delion, Product Media Relations, Tel.: + 33-1-40-55-20-96,
sylvie.delion at valeo.com; Ibeo: Mario Brumm, Leiter Marketing & Vertrieb, Tel.: + 49-40-298-676-32, mario.brumm at ibeo-as.com