Faurecia SE (now FORVIA) is a French global automotive supplier headquartered in Nanterre, in the western suburbs of Paris. In 2022 it was the 7th largest international automotive parts manufacturer in the world and #1 for vehicle interiors and emission control technology. One in two automobiles is equipped by Faurecia.[1] It designs and manufactures seats, exhaust systems, interior systems (dashboards, centre consoles, door panels, acoustic modules) and decorative aspects of a vehicle (aluminium, wood).
 | |
| Company type | Public (Societas Europaea) |
|---|---|
| Euronext Paris: EO
CAC Next 20 Component | |
| ISIN | FR0000121147  |
| Industry | Automotive |
| Founded | 1997 |
| Headquarters | , |
Number of locations | 35 countries |
Area served | International |
Key people | Patrick Koller, CEO |
| Products | Automotive seating, interiors and emissions control technologies |
| Services | Design and manufacture of automotive sub-systems for the Volkswagen Group, Stellantis, the Renault–Nissan–Mitsubishi Alliance, Ford, General Motors, BMW, Daimler, Toyota, Hyundai-Kia, BYD and other automotive OEMs |
| Revenue |  €25,46 billion (2022) |
| €1,11 billion (2022) | |
 €-381,8 million (2022) | |
| Owners |
|
Number of employees | 157,460 (2022) |
| Subsidiaries | Clarion |
| Website | www.faurecia.com |
Faurecia's customers include the Volkswagen Group, Stellantis, Renault–Nissan–Mitsubishi, Ford, General Motors, BMW, Daimler, Toyota, Tesla, Inc., Hyundai-Kia, Jaguar Land Rover and BYD among others. Faurecia employs 8,300 engineers and technicians. The company operates over 300 production sites and 35 R&D centres in 37 countries worldwide, with 403 patents filed in 2017. About half of these sites are manufacturing plants operating on the just-in-time principle. Faurecia joined the United Nations Global Compact in 2004.
The company was at the core of a bribery scandal in 2006 which led to the resignation and legal conviction of its then CEO Pierre Lévi.[2]
In 2023, the company merged with German auto parts manufacturer Hella, the merged business being named Forvia.
In April 2024, L&T Technology Services partnered with Forvia Forge at €45 million deal.[3]
Origins
editFaurecia was formed in 1997 by two automotive component suppliers, Bertrand Faure and ECIA.[4]
It designs and manufactures seats, exhaust systems, interior systems (dashboards, centre consoles, door panels, acoustic modules) and decorative aspects of a vehicle (aluminium, wood).
References
edit- ^ "Group - Forvia". www.faurecia.com. Retrieved 2019-06-27.
- ^ Kanter, James; Dougherty, Carter (2006-08-02). "Scandal widens in European car sector - Business - International Herald Tribune". The New York Times. ISSN 0362-4331. Retrieved 2019-12-11.
- ^ "L&T Technology Services and FORVIA Forge €45 Million Alliance to Accelerate Clean Mobility Engineering". Bru Times News.
- ^ "History of Faurecia S.A. – FundingUniverse". www.fundinguniverse.com. Retrieved 2019-02-11.