First Order for the Revolutionary Valeo Park4U(TM) System

First Order for the Revolutionary Valeo Park4U(TM) System

October 10, 2006

    PARIS, Oct. 10 /Xinhua-PRNewswire/ -- Valeo today
announces that its new parking assistance system will equip
its first production vehicle -- the VW Touran -- in the
first half of 2007.  This ultrasonic technology based
driving assistance system, a world premiere, automatically
steers the car into the parking slot in 15 seconds, making
city driving safer and more comfortable.

    (Photo:
http://www.newscom.com/cgi-bin/prnh/20061009/229188-a )

    While driving at a maximum speed of 30 km/h, the
Park4U(TM) scans both sides of the street for potential
parking slots, based on the length of the car. Once a slot
has been identified, the driver stops and puts the car in
reverse thereby activating the automated steering. The
driver, assisted by the front and rear Ultrasonic Park
Assist sensors (UPAs), remains responsible for accelerating
and braking while the car steers itself into the parking
space. The manoeuvre can be interrupted at any time by
braking or simply taking over the steering wheel.

    "Park4U(TM) is the latest example of a Valeo
innovation in the area of Driving Assistance and will
contribute to easier and more comfortable city
driving", said Valeo's Chairman and CEO, Thierry
Morin.

    This intuitive and affordable technology developed by
Valeo, world leader on the global UPA market, uses a
specific electronic control unit in conjunction with 10
ultrasonic sensors (four mounted in the rear bumper, four
in the front bumper and two in the front wings for parking
slot measurement). The system works with both manual and
automatic transmissions.

    Valeo is an independent industrial Group fully focused
on the design, production and sale of components,
integrated systems and modules for cars and trucks. Valeo
ranks among the world's top automotive suppliers and
employs 72,900 people in 134 plants, 69 R&D centres and
9 distribution centres in 28 countries.

    For more information, please contact:

     Alexandre Telinge, 
     Group Media Relations & PR Manager 
     Tel: [phone]

     Matthieu de Crevoisier, 
     Group Media Relations Coordinator
     Tel: [phone]

SOURCE  Valeo Management Services