Valeo Enters North American Automatic Transmissions Market With Torque Converter Produced in New Plant in Mexico

PARIS, July 26, 2010 - Valeo's highly efficient torque convertors, which are now
produced in a new plant in Mexico, have allowed the Group to win significant
new business in North America.

This innovative technology has been chosen to equip the new
6-speed generations of automatic transmissions on Ford's best-selling
F-Series "Super Duty" trucks and is also represented on the new 6-speed
frontwheel drive transmissions of General Motors equipping several GM Group
passenger car models.

Valeo's compact torque converters offer superior shifting
quality and reduce vibrations and noise. In addition, they contribute to
significant fuel savings and emissions reduction of more than 6% while
providing a dynamic driving experience.

A dedicated 21,000 square meter production plant has been
built in San Luis Potosi (Mexico) and volume production started earlier this
year. This plant complements existing torque converter facilities in
Atsugi-shi (Japan), Seongju (Korea) and Nanjing (China).

Valeo aims to further its presence in this market,
particularly in China and the US, and expects to be among the world leaders
for torque converters by 2013.

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 118 plants, 21
Research centers, 40 Development centers, 10 distribution platforms and
employs 55,100 people in 27 countries worldwide.

For more information about the Valeo Group and its activities,
please visit our web site www.valeo.com.

For additional information, please contact: Sylvie Delion, Product Media Relations, Tel: +33-1-40-55-20-96