Strategy, Finance / 19/04/2016
2016 Investor day - Faurecia to accelerate profitable growth and enhance technology offer to become leader in sustainable mobility and cockpit of the future
To expand its technology offer focused on the industry megatrends of environmental protection, connectedness and autonomous driving, the Group will rapidly expand its Value Spaces: those product lines with strong technology content and whose margins and growth rates are significantly above the Group’s average.
Yann Delabrière, Chairman and CEO commented: “Faurecia has built robust foundations. It has already met or exceeded its 2016 targets2 for growth, profitability and free cash flow and has restored solid financial performance. The Group has strong customer partnerships with all leading and emerging automakers and its Business Groups are in global leadership positions with a technology offer to meet industry needs. Faurecia is ready to embark on the next stage of its journey.”
You may read the full press release & presentation below.
Finance / 26/07/2016During the first half of 2016, Faurecia showed a strong improvement of its profitability.+
Finance, Corporate / 11/07/2016The European Commission has now approved the sale of Faurecia Automotive Exteriors to Plastic Omnium, subject to a commitment from Plastic Omnium to divest all of the bumper business in France and a site in Spain as well as the Front End Module business in Germany.+