Valeo buys Ichikoh

Well known automotive supplier Valeo has announced that 32,383,612 Ichikoh shares have been tendered to its offer, raising its stake in the Japanese vehicle lighting and wing mirror supplier to 55.08 per cent.
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Philips receives road safety lighting award

Philips has been recognised for its Xenon HID (High Intensity Discharge) vehicle headlamp bulb, which has been responsible for cutting night time accidents on rural roads. Formal recognition of the innovative bulb’s contribution to road safety has come in the form of the Prince Michael International Road Safety Award.
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