Faurecia
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. 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) |
|---|---|
Traded as | Euronext Paris: EO
CAC Next 20 Component |
| ISIN | FR0000121147 |
| Industry | Automotive |
| Founded | 1997 |
| Headquarters | Nanterre , |
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) | |
Net income | €-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.
In 2023, the company merged with German auto parts manufacturer Hella, the merged business being named Forvia.