French company Valeo signs major contract with BMW in advanced driving assistance systems By Reuters

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© Reuters. FILE PHOTO: The company logo of auto parts maker Valeo is pictured on an electric supercharger before the company’s 2015 annual results presentation in Paris, France, February 19, 2016. REUTERS/Benoit Tessier

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PARIS (Reuters) – French car parts company Valeo (EPA:) announced on Tuesday a major contract with BMW over advanced driving assistance systems for the German carmaker’s upcoming electric vehicle platform.

Valeo said it would provide the ADAS domain controller, sensors and software for parking and maneuvering for BMW’s platform generation “Neue Klasse”*, due to launch in 2025.

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