Faurecia : Origins Wikipedia, the free encyclopedia

Faurecia

French automotive components supplier

Faurecia SE

Company type	Public (Societas Europaea)
Traded as	Euronext Paris: EO CAC Next 20 Component
ISIN	FR0000121147
Industry	Automotive
Founded	1997
Headquarters	Nanterre , France
Number of locations	35 countries
Area served	International
Key people	Patrick Koller, CEO
Products	Automotive seating, interiors and emissions control technologies
Services	Design and manufacture of automotive sub-systems for the Volkswagen Group, Stellantis, the Renault–Nissan–Mitsubishi Alliance, Ford, General Motors, BMW, Daimler, Toyota, Hyundai-Kia, BYD and other automotive OEMs
Revenue	€25,46 billion (2022)
Operating income	€1,11 billion (2022)
Net income	€-381,8 million (2022)
Owners	Exor N.V. (5.5%) Peugeot 1810 (3.2%) Bpifrance (2.4%) Dongfeng Motor Corporation (2.2%)
Number of employees	157,460 (2022)
Subsidiaries	Clarion
Website	www.faurecia.com

Faurecia SE (now FORVIA) is a French global automotive supplier headquartered in Nanterre, in the western suburbs of Paris. In 2022 it was the 7th largest international automotive parts manufacturer in the world and #1 for vehicle interiors and emission control technology. One in two automobiles is equipped by Faurecia.^[1] It designs and manufactures seats, exhaust systems, interior systems (dashboards, centre consoles, door panels, acoustic modules) and decorative aspects of a vehicle (aluminium, wood).

Faurecia's customers include the Volkswagen Group, Stellantis, Renault–Nissan–Mitsubishi, Ford, General Motors, BMW, Daimler, Toyota, Tesla, Inc., Hyundai-Kia, Jaguar Land Rover and BYD among others. Faurecia employs 8,300 engineers and technicians. The company operates over 300 production sites and 35 R&D centres in 37 countries worldwide, with 403 patents filed in 2017. About half of these sites are manufacturing plants operating on the just-in-time principle. Faurecia joined the United Nations Global Compact in 2004.

The company was at the core of a bribery scandal in 2006 which led to the resignation and legal conviction of its then CEO Pierre Lévi.^[2]

In 2023, the company merged with German auto parts manufacturer Hella, the merged business being named Forvia.

Origins

Faurecia was formed in 1998 by two automotive component suppliers, Bertrand Faure and ECIA.^[3]

It designs and manufactures seats, exhaust systems, interior systems (dashboards, centre consoles, door panels, acoustic modules) and decorative aspects of a vehicle (aluminium, wood).

References

^ "Group - Forvia". www.faurecia.com. Retrieved 2019-06-27.
^ Kanter, James; Dougherty, Carter (2006-08-02). "Scandal widens in European car sector - Business - International Herald Tribune". The New York Times. ISSN 0362-4331. Retrieved 2019-12-11.
^ "History of Faurecia S.A. – FundingUniverse". www.fundinguniverse.com. Retrieved 2019-02-11.