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[October 13rd 2004]
Faurecia Inaugurates Auburn Hills Just-in-Time
Seating Facility for GM’s Pontiac G6
Chairman and CEO Pierre Lévi of Faurecia,
Europe’s second-largest automotive supplier, today formally inaugurated the opening of
its just-in-time production facility in Auburn Hills. Serving the nearby General Motors
Lake Orion assembly plant, Faurecia’s new operation produces complete seating systems
for the Pontiac G6.
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[October
12nd 2004]
2004 Third-quarter Sales
Sales growth at Faurecia continues
in Q3: +10.7%
Faurecia posted sales
of €2,467.4 million in the third quarter of 2004, up by 10.7%. Excluding
sales of monoliths, sales grew by 9.5%, and 10.4% at constant exchange rates
and on a comparable consolidation basis. This growth was achieved despite
slow growth in European automobile production in the third quarter.
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[October
12nd 2004]
Faurecia Honored by
French American Chamber of Commerce, Detroit Chapter
The
Detroit Chapter of the French American Chamber of Commerce (FACC) this evening
honored Faurecia for its contributions to French and American business development
and economic relationships. Receiving the award was Chairman and Chief Executive
Officer Pierre Lévi on behalf of Faurecia.
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[October
5th 2004]
Faurecia wins 2004 Best
Innovator award
The Faurecia group
is pleased to announce that it has been chosen from among ten finalists
as the winner of the 2004 Best Innovator award in the "innovation management
process" category, an innovation award sponsored by AT Kearney and L'Expansion
magazine.
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[September
7th 2004]
Faurecia opens New Development
Center in Japan
Faurecia, Chairman
& CEO Pierre Lévi and the Executive Committee of Faurecia, a leading global
automotive equipment supplier, today inaugurated the company’s new Japan
Development Center in Shin-Yokohama.
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[September
1st 2004]
Faurecia inaugurates
its seventh production plant in Poland
Faurecia,
Europe’s second-largest automotive equipment supplier, is inaugurating its
seventh production plant in Poland. The Gorzów Wielkopolski plant specialises
in making instrument panels and door panels, mainly for Volkswagen’s new-generation
Golf.
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[August
25th 2004]
Nomination of Béatrice
Mandine to faurecia's press office
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[July
30th 2004]
Faurecia's Steering
Systems activity sold to Fuji Kiko
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[July
23rd 2004]
First-half 2004 results:
Faurecia posts another half year of growth and
improved profitability
- Operating margin continues to
rise
- Growth outpaces the market
- Net income increases
- Debt reduced
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[July
15th 2004]
Planned acquisition
of Faurecia's Mechanics and Environment activity by PSA Peugeot Citroën's
Automobile Division
Faurecia and PSA
Peugeot Citroën have entered into talks expected to lead to the acquisition
of Faurecia Exhaust System's Mechanics and Environment activity by PSA Peugeot
Citroën.
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[July
08th 2004]
Acquisition of Faurecia's
steering column activity by Fuji Kiko at negotiation stage
Faurecia, a leading global automotive equipment
supplier and Fuji Kiko, subsidiary of Koyo Seiko Group in Japan, have entered
into negotiations concerning the acquisition of Faurecia's steering column
activity by Fuji Kiko.
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[June
17th 2004]
Faurecia to Open Technical
Center and New Headquarters in Japan
Faurecia, a leading global automotive equipment
supplier, announced plans to open a technical center and new headquarters
in Shin- Yokohama, in a move to strengthen its business worldwide with Japanese
automakers.
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[April
13th 2004]
2004 First-quarter
Sales
Faurecia sales increased 0.9%
to 2,604.5 million euros in the first quarter of 2004. Excluding catalytic
converters, sales were up 1.9%, and rose 5.3% on a comparable basis and
at constant exchange rates. Currency fluctuations and changes in the scope
of consolidation had a negative impact of 1.8% and 1.6%, respectively. The
group achieved growth while European automotive production remained close
to last year's levels.
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[March
9th 2004]
Faurecia to participate
in the United Nations' Global Compact
As
part of its focus on continuous improvement and commitment to help promote
sustainable development, Faurecia today announced its request for participation
in the United Nations' Global Compact.
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[February
6th 2004]
Second Half and Year
2003 Results
Positive net income
Results for the second half of 2003:
Operating margin improved: 2.9% of sales compared to 2.6%
in the same period of 2002
Organic growth faster than the market: Sales up 4.4% excluding
sales of catalytic converters, at constant exchange rates and on a comparable
scope compared to a decline of 3.3% in European automotive production
Positive net income of € 10.1 million
Debt stable at € 1,695,7 million at 31 December 2003
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[January 13th, 2004]
Fourth Quarter
Sales 2003
Sales growth during the fourth quarter
Faurecia’s
sales increased by 2.3% during the fourth quarter to €2,651.8 million. Excluding
catalytic converters, sales advanced by 3.2%. The negative currency effect,
which derived chiefly from a weakening US dollar, came to 2.4%, while the
impact of changes in the scope of consolidation was a negative 1.6%. Excluding
catalytic converters, at constant exchange rates and on a comparable basis,
the overall increase in sales was 7.2%. This sales growth was achieved against
the backdrop of a decline in European automobile production estimated at
around 2% during the fourth quarter.
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