Strategy, Finance / 27/06/2017
Faurecia Investor Day demonstrates strong profitable growth of its Clean Mobility Business driven by innovation and breakthrough technologies
This is one of the Group’s strategic priorities, the other one being Smart Life on Board. During this meeting Faurecia demonstrated the strong profitable growth potential of its Clean Mobility Business which will show over 7% CAGR over the next fifteen years, to reach above €10 billion of value added sales by 2030, with an operating margin of 15%. This will be achieved through accelerating new technologies for powertrain electrification and expanding breakthrough deNOx technologies for commercial vehicles, high horsepower and industrial applications.
Patrick Koller, Faurecia CEO said: “As regulations increase around the world for both CO2 and NOx emissions, the sustainable mobility market will grow by around €25 billion of value added sales by 2030. Faurecia, the leader in this market, will benefit from its strong technology and innovation portfolio to increase its content per vehicle for both passenger cars and commercial vehicles. It will also move into adjacent and new markets such as high horsepower and industrial applications, in particular using its breakthrough deNOx technology which was acquired with Amminex. Our ambition is to provide clean mobility solutions for all our customers and also expand our digital services offer to cities”.
Read the full press release below.
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