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    BMW   DE0005190003

BMW AG

(BMW)
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Delayed Xetra  -  11:37 2022-08-15 am EDT
78.12 EUR   -0.55%
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French company Valeo signs major contract with BMW in advanced driving assistance systems

06/28/2022 | 02:17am EDT
: FILE PHOTO: BMW i3 drives during electric car E-Rallye Baltica 2019 near Iecava, Latvia

PARIS (Reuters) - French car parts company Valeo 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.

(Reporting by Sudip Kar-Gupta; Editing by Tassilo Hummel)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BMW AG -0.55% 78.12 Delayed Quote.-11.72%
QUALCOMM, INC. 0.56% 152.13 Delayed Quote.-16.81%
VALEO -2.58% 20.79 Real-time Quote.-21.78%
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Financials
Sales 2022 133 B 135 B 135 B
Net income 2022 14 520 M 14 785 M 14 785 M
Net cash 2022 26 710 M 27 197 M 27 197 M
P/E ratio 2022 3,40x
Yield 2022 9,37%
Capitalization 51 102 M 52 033 M 52 033 M
EV / Sales 2022 0,18x
EV / Sales 2023 0,17x
Nbr of Employees 118 909
Free-Float 57,5%
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Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 78,12 €
Average target price 103,90 €
Spread / Average Target 33,0%
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Managers and Directors
Oliver Zipse Senior VP-Corporate Planning & Product Strategy
Nicolas Peter Group Leader-Corporate Finance
Norbert Reithofer Chairman-Supervisory Board
Susanne Klatten Independent Member-Supervisory Board
Manfred Schoch Chairman-General Works Council
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