Press releases
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03.07.2024
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FORVIA, France’s first and the world’s seventh-largest automotive technology supplier has entered into two services contracts with Schneider Electric to fully electrify two FORVIA R&D centers in Bavans and Seloncourt, France, by mid-2024. Using an innovative Electrification-as-a-Service (EaaS) model backed by a best-in-class energy performance FORVIA will eliminate 85% of Bavans’ scope 1 greenhouse gas (GHG) emissions and 100% of Seloncourt scope 1 GHG emissions with no upfront CapEx investment.
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02.29.2024
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The 2023 Universal Registration Document of FORVIA S.E. was filed with the French Financial Markets Authority (Autorité des marchés financiers) on February 27 th, 2024.
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02.29.2024
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FORVIA has announced today that it will make an offering of €800 million of senior notes due 2029 (the “2029 Notes”) and of senior notes due 2031 (the “2031 Notes” and, together with the 2029 Notes, the “New Notes”). The completion of the offering of the New Notes is subject to market conditions.
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02.20.2024
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FORVIA, France's first and the world’s seventh-largest automotive technology supplier, FAW JIEFANG, a major Chinese truck manufacturer, and Air Liquide, a leader in gases and technologies, signed a Memorandum of Understanding to equip heavy-duty trucks with liquid hydrogen storage systems.
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02.19.2024
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• Sales up 14% on an organic basis, an outperformance of 430bps
• Operating margin improved by 100bps, to 5.3% of sales
• Strong net cash flow of €649m or 2.4% of sales, boosted by Manage by Cash program
• Net debt/Adjusted EBITDA ratio significantly reduced to 2.1x at year-end (vs. 3.1x at June 30, 2022, right after the acquisition of HELLA)
• Operating margin improved by 100bps, to 5.3% of sales
• Strong net cash flow of €649m or 2.4% of sales, boosted by Manage by Cash program
• Net debt/Adjusted EBITDA ratio significantly reduced to 2.1x at year-end (vs. 3.1x at June 30, 2022, right after the acquisition of HELLA)
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02.12.2024
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MATERI’ACT, a company of the FORVIA group, France’s first and the world’s seventh-largest automotive technology supplier, is setting up in North America through MATERI’ACT Dallas, a joint-venture with PCR Recycling. MATERI’ACT Dallas will accelerate the development and delivery of recycled compounds for sustainable automotive products with up to 85% CO2 reduction in 2030.
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02.06.2024
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FORVIA, France’s 1st and the world’s 7th-largest automotive technology supplier, has been recognized for leadership in corporate transparency and performance on climate change by global environmental non-profit Carbon Disclosure Project (CDP), securing a place on its annual ‘A List’.
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01.11.2024
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Faurecia Aptoide, a joint venture between FORVIA and Aptoide, marks a significant milestone in the apps market by integrating top applications TikTok, Webex and Zoom Meetings into the cockpit experience of cars, including Mercedes-Benz E-Class.
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01.08.2024
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FORVIA, France’s major and 7th world’s-largest automotive technology supplier, announces the appointments of Jill GREENE and MA Chuan to its Executive Committee.
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