SHANGHAI -- Global automotive component maker Valeo has taken full control of a joint venture facility in China that makes compressors for automotive heating, ventilation and cooling systems (HVAC).

previously held a 60% stake and Fawer 40%. The new company, which employs 130 people and produces compressors for the Chinese and Asian markets, will be named Valeo Compressor (Changchun) Co., Ltd.

Valeo has signed a new joint venture with FAW, China’s largest automaker.

Cabin comfort is a given for motorists nowadays. The trend for multizone air-conditioning systems enables automakers to offer more comfort features. Continuing just-auto/QUBE's series of interviews ...

The necessity of air conditioning in contemporary automobiles, the Auto AC Compressors Market has undergone consistent expansion. Auto AC compressors are critical components for maintaining acceptable ...

DECATUR — About 175 workers are reporting for their last day of work today at Zexel Valeo Compressor USA, as the company closes the plant after 14 years in Decatur. Company officials announced the ...

DECATUR — The former Borg-Warner/Zexel Valeo Air Compressor Inc. property on South Side Drive in Decatur has a new owner.