FIEVFédération des Industries des Equipements pour Véhicules (French Vehicle Equipment Industries Association)
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According to a global ranking by the French components manufacturers' association FIEV, the acquisition of Electrical Systems would raise Valeo from 12th to seventh place in terms of sales, after Delphi Automotive Systems, Visteon, Germany's Bosch, Japan ese tyremaker Bridgestone, Michelin, Denso and Goodyear.
The IATF consists of an international group of vehicle manufacturers -- BMW Group, DaimlerChrysler, Fiat, Ford Motor Company, General Motors Corporation, PSA Peugeot-Citroen, Renault and Volkswagen -- plus national trade associations -- AIAG (America), VDA (Germany), SMMT (UK), ANFIA (Italy) and FIEV (France).