Valeo has unveiled third quarter sales up 10% to EUR3.07bn (US$3.9bn), with original equipment sales advancing 13%.

The latter were up 7% on a like-for-like basis, beating global automotive production by nearly seven percentage points, including 20 percentage points in China and nine percentage points in Europe.

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“This momentum is mainly attributable to the Group’s CO2 emissions reduction and intuitive driving technologies and reflects the gradual entry into production of the high order intake recorded by the Group over the last few years,” said Valeo CEO, Jacques Aschenbroich.

“This confirms that we are on course to achieve our full-year 2014 objectives and to outperform the market over the coming years.”

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