Valeo has revealed to repurchase 67 million shares, worth 22.5 million euros ($ 31.7 million) in company stock, the program has on June 8 of this year's annual shareholder meeting approved.

    In mid-August this year, Valeo has also revealed a similar stock repurchase program. Valeo said that part of the stock repurchase will be based on the performance of employees assigned to employees, as part of the company's savings.

    Valeo (Valeo) is headquartered in France, specialized in auto parts, systems, module design, development, production and sale of industrial group. The company's business involving the original equipment and aftermarket services business is the world's leading auto parts supplier for all the world's major automotive plant to provide support.