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Strategy / 22/04/2013
Faurecia signs joint-venture agreement with Chang’an Automobile Group
Faurecia, the world’s sixth largest automotive equipment supplier, and Chinese automobile manufacturer Chang’an Automobile Group, one of China’s largest automobile groups, today signed an agreement for the establishment of a new 50/50 joint-venture, CSM Faurecia Automotive Systems Company Ltd (CFAS) for automotive interiors. The signing of the agreement today in Shanghai establishes the partnership between both parties and is a further demonstration of Faurecia’s ongoing commitment to the Chinese automotive market.
The new joint-venture has a total planned investment in excess of € 35 million (CNY 293 million), which will be contributed equally by both shareholders and will cover the new industrial sites, equipment and process, design and development as well as tooling costs. The CFAS joint-venture will focus on the development, manufacturing and delivery of automotive interior equipment, including: instrument panels, door panels, center consoles and cockpit modules. With this agreement, the joint-venture will strengthen and broaden the technical cooperation between Faurecia and Chang’an.
Sur le même thème
Strategy / 18/12/2014Auburn Hills, Mich., Dec. 17, 2014 — Faurecia, North America’s sixth-largest automotive supplier, today inaugurated its new automotive seating plant in Wentzville, Missouri. The facility represents a $13 million investment by Faurecia in the area to support its GM business. The plant started production in September and employs 180 people.+
Strategy / 04/12/2014On December 4, Faurecia (FECT China) organized a symposium in Beijing in partnership with NGO Clean Air Asia (CAA) and the Communication University of China (CUC) entitled "Rule of Law: Multi-Stakeholder Participation in Environment & Health, Vehicle Emissions Control Policy Symposium."+