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Faurecia

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Faurecia
Company typeSociété Anonyme
Euronext: EO
CAC Mid 60 Component
ISINFR0000121147 Edit this on Wikidata
IndustryAutomotive
Founded1997
Headquarters
Nanterre
,
France
Number of locations
35 countries
Area served
International
Key people
Patrick Koller, CEO
ProductsAutomotive seating, interiors and emissions control technologies
ServicesDesign and manufacture of automotive sub-systems for the Volkswagen group, PSA Group, Renault-Nissan, Ford, General Motors, BMW, Daimler, FCA, Toyota, Hyundai-Kia, BYD and other automotive OEMs
RevenueIncrease €17,52 billion (2018)
Increase €1,27 billion (2018)
Increase €701 million (2018)
Owners
Number of employees
122,000 (2019)
SubsidiariesClarion
Websitewww.faurecia.com/en

Faurecia is a French global automotive supplier headquartered in Nanterre, in the western suburbs of Paris. In 2018 it was the 9th largest international automotive parts manufacturer in the world and #1 for vehicle interiors and emission control technology. One in three 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).

As of January 2021, Dutch-based car manufacturer Stellantis is Faurecia's controlling shareholder, holding around 39.34% stake, with BlackRock holds 4,73% stake. Despite this, Faurecia is run as an independent company.[2]

Faurecia's customers include the Volkswagen Group, Stellantis, Renault–Nissan–Mitsubishi, Ford, General Motors, BMW, Daimler, Toyota, 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.[3]

Origins

Faurecia was formed in 1998 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

  1. ^ "Group - Faurecia". www.faurecia.com. Retrieved 2019-06-27.
  2. ^ Faurecia Information on Euronext
  3. ^ 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.
  4. ^ "History of Faurecia S.A. – FundingUniverse". www.fundinguniverse.com. Retrieved 2019-02-11.
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