FaureciaFaurecia, China's Changan form JV to make interior partsMay 1, 2013 13:28 CET Faurecia has formed a joint venture with China's Changan Automobile Group that will build two factories to produce instrument panels, door panels, consoles and other interior components.... Read More »
Faurecia Q1 revenue rises as N. America, Asia sales offset weak EuropeApril 23, 2013 08:34 CET  French supplier Faurecia said today that first-quarter revenue rose 1.7 percent as growing sales in North America and Asia helped offset the slowdown in European markets.... Read More »
SUPPLIERS Faurecia wins approval to build new NA headquartersApril 3, 2013 06:01 CET  Faurecia North America Inc. has received final approval to build a three-story, 278,000-square-foot North American headquarters in suburban Detroit that will house the company's administration and a technical center for its automotive seating and exteriors units.... Read More »
Faurecia wins approval to build new NA headquarters 4:09 pm U.S. ET | April 2, 2013  Faurecia North America Inc. has received final approval to build a three-story, 278,000-square-foot North American headquarters in suburban Detroit that will house the company's administration and a technical center for its automotive seating and exteriors units.... Read More »
SUPPLIERS Faurecia to build new N.A. headquarters, tech centerMarch 26, 2013 21:48 CET  Faurecia North America is planning to build a new North American headquarters and technical center north of Detroit in Auburn Hills, Mich.... Read More »
Faurecia to build new N.A. headquarters, tech center 3:48 pm U.S. ET | March 26, 2013  Faurecia North America is planning to build a new North American headquarters and technical center north of Detroit in Auburn Hills, Mich.... Read More »
Faurecia cancels dividend to save cash amid Europe slumpFeb. 12, 2013 08:04 CET Faurecia canceled its dividend for 2012 to conserve cash with auto demand in its home region set to decline.... Read More »
Renault and PSA 2012 financial results will put turnaround strategies in spotlightFeb. 11, 2013 17:00 CET  The gravity of the French auto industry's crisis will be underlined this week by weak results at PSA/Peugeot-Citroen and Renault, boosting pressure on both for tougher cost-cutting moves.... Read More »
PSA court ruling may delay job cutsJan. 29, 2013 12:30 CET  PSA will continue negotiating job cuts with unions despite a court ruling that ordered a temporary suspension of restructuring until the group completes worker consultations at two sites belonging to parts division Faurecia.... Read More »
THE SUPPLIER SPEAKS: YANN DELABRIERE. CEO, FAURECIA SA Faurecia battles the big players in North American seat market 12:01 am U.S. ET | Jan. 28, 2013  Faurecia, once a minor player in North America, says it has become the region's top producer of emissions-control equipment and interior trim, and is muscling into North America's seating business. In an interview at the Detroit auto show, CEO Yann Delabriere, 62, discussed his plans for North America.... Read More »
Faurecia profit drops on weak European car marketJan. 16, 2013 09:25 CET  French supplier Faurecia posted a 62 percent drop in full-year net income, due partly to restructuring charges linked to falls in production in Europe's troubled car markets.... Read More »
Suppliers benefit from tailpipe crackdown 12:01 am U.S. ET | Jan. 14, 2013 Suppliers of emissions controls are likely to do brisk business over the next few years as automakers redesign vehicles to meet stricter standards on soot and smog.... Read More »
PSA may sell Faurecia stake to reduce debt, analyst saysJan. 7, 2013 12:19 CET  PSA may be forced to dispose of its stake in partsmaker Faurecia to further reduce its debt, a Paris-based analyst said on Monday.... Read More »
Faurecia to cut 3,000 jobs as growth focus shifts outside EuropeNov. 12, 2012 20:01 CET  Faurecia, Europe's largest maker of car interiors, plans to cut about 3,000 jobs in its home region, or 7.5 percent of the workforce, by the end of next year as it retrenches in lackluster European markets.... Read More »
Faurecia to cut 3,000 jobs in Europe as it seeks growth elsewhere 2:08 pm U.S. ET | Nov. 12, 2012 Faurecia, Europe’s largest maker of car interiors, plans to cut about 3,000 jobs in its home region, or 7.5 percent of the workforce, by the end of next year as it retrenches in lackluster European markets.... Read More »
Faurecia lowers earnings outlook on slowing car sales in EuropeOct. 23, 2012 09:04 CET  Faurecia, the French supplier controlled by PSA, cut its 2012 earnings outlook, saying it expects a sharp sales decline in Europe in the fourth quarter as a result of slowing automobile production.... Read More »
ANE EXECUTIVE EDITION Bosch, Conti, other top 30 suppliers make gains in 2011 total Europe salesOct. 16, 2012 06:01 CET Last year was very successful for the biggest suppliers to automakers in Europe. Overall, 2011 sales in Europe by suppliers in the top 30 increased 19 percent to $180.6 billion from $151.4 billion in 2010, according to Automotive News Europe data.... Read More »
Faurecia opens interior parts plant in MichiganAug. 15, 2012 06:01 CET  Faurecia has opened a plant in suburban Detroit to produce a variety of interior parts for the Cadillac ATS. The 160,000-square-foot facility also makes parts used in instrument panels and center consoles for the Ford Focus, plus other interior parts for General Motors and Chrysler Group.... Read More »
Faurecia opens interior parts plant in Michigan 12:01 am U.S. ET | Aug. 14, 2012 ... Read More »
Renault recruits Faurecia exec to head manufacturing, supply chain operationsJuly 31, 2012 15:48 CET Renault has recruited Thierry Bollore from French supplier Faurecia to head the carmaker's manufacturing and supply chain operations.... Read More »
Q2 ANE/PWC SHAREHOLDER VALUE INDEX Carmakers, suppliers hit by big declines in shareholder valueJuly 25, 2012 06:01 CET  Any hope that this year's robust first-quarter recovery in shareholder value for Europe's automakers and parts suppliers would be extended evaporated in the second quarter. Automakers saw their average value, as measured by the Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Index, fall 12.0 percent. This followed an exceptional 27.3 percent gain in Q1. Partsmakers experienced a similar decline, relinquishing 7.... Read More »
Faurecia, Rush joint venture names top executives 4:52 pm U.S. ET | June 26, 2012  Detroit Manufacturing Systems today announced its top executives as the auto supplier prepares to begin manufacturing this year. DMS, a joint venture between Rush Group and the North American subsidiary of French component supplier Faurecia SA, officially named Rush Group CEO Andra Rush its president and CEO.... Read More »
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