To offset slowdown, Valeo tightens cost controls; QA: Jacques Aschenbroich

Valeo is a global leader in a broad range of component categories: parking- and driving-assistance sensors and cameras; thermal management for vehicles and passengers; and powertrain, including clutches and high- and low-voltage electrification. The only way to reach CO2 emissions targets, besides full-electric vehicles and hybrids, is to optimize the gasoline engine, especially in Europe as diesel sales decline. How will electrification be split between battery-electric vehicles and fuel cells? I don't know and I don't care. Because all the products we have developed can be driven by either battery storage of electricity or production of electricity in a fuel cell in the car.