A compelling strategic rationale Faurecia’s acquisition of HELLA is a unique opportunity for two advanced technology companies to accelerate their transformation, achieve critical size and leading positions in Electronics (€7bn of sales by 2025) and Lifecycle Solutions. These two compatible and profitable companies are highly complementary in terms of technology, customer and geographic fit. They… Continue reading @Groupe PSA: PR Faurecia & HELLA: day one of the new combined Group003239
Author: PSA Official News
@Groupe PSA: PR What people really think about eco-design and cars…..003238
Mobility has a significant societal and environmental impact. And it’s a topic that consumers are increasingly thinking about. Faurecia set out to explore attitudes to sustainability – lifestyle, mobility, vehicle features – to inform the ways we design, make, distribute, and recycle our products. In 2021 we conducted a large-scale study to evaluate consumer interest… Continue reading @Groupe PSA: PR What people really think about eco-design and cars…..003238
@Groupe PSA: PR Faurecia issues €700 million of ESG-linked Schuldscheindarlehen003237
Texte This transaction is part of the programme to finance the acquisition of HELLA announced on August 14, 2021. It prefinances part of the bridge financing which fully secures the funding of the acquisition and provides long-term liquidity to Faurecia. With this additional prefinancing operation, Faurecia has now secured more than 55% of the long-term… Continue reading @Groupe PSA: PR Faurecia issues €700 million of ESG-linked Schuldscheindarlehen003237
@Groupe PSA: PR Faurecia announces the completion of the acquisition of Hella, creating the world’s seventh largest automotive supplier003200
Texte Faurecia acquired today a total of c. 79.5% of the shares in Hella including: 60% of Hella shares from the pool of family shareholders, paid for c. 52.1% in cash and for c. 7.9% in newly issued Faurecia shares [1] c. 19.5% as part of the settlement of the public takeover offer ended on… Continue reading @Groupe PSA: PR Faurecia announces the completion of the acquisition of Hella, creating the world’s seventh largest automotive supplier003200
@Groupe PSA: PR Information on the suspension of trading of the Faurecia stock003199
Chapô At Faurecia’s request, Euronext will suspend the trading of the stock (ISIN FR0000121147), as of today at market opening until the company issues a press release, in order to finalize the operations related to the expected completion of the acquisition of HELLA (project announced on August 14, 2021). Go to Source
@Groupe PSA: PR All conditions for the acquisition of a majority stake by Faurecia in Hella are now satisfied003198
Texte Following this last approval from regulatory authorities, all conditions precedent are now satisfied for the completion of the transaction with the Hueck Family pool announced on August 14, 2021 and for the settlement of the public takeover offer on Hella. Faurecia will acquire a total of c. 79.5% of shares in Hella including: 60%… Continue reading @Groupe PSA: PR All conditions for the acquisition of a majority stake by Faurecia in Hella are now satisfied003198
@Groupe PSA: PR Faurecia delivers app store solution for future BMW Group vehicles003196
Texte With this adaptive solution by Faurecia, customers will have access to a variety of popular apps through the car’s infotainment system. It already covers a wide range of use cases and needs, such as navigation, music on demand, audiobooks, video streaming, gaming, weather, electric vehicle charging and parking. The platform is scalable and open… Continue reading @Groupe PSA: PR Faurecia delivers app store solution for future BMW Group vehicles003196
@Groupe PSA: PR Stellantis Announces Early Repayment of €6.3 Billion Credit Facility with Intesa Sanpaolo003180
AMSTERDAM – Stellantis N.V. announced today that FCA Italy S.p.A., a wholly owned subsidiary, and Stellantis’ other Italian subsidiaries, have repaid the €6.3 billion credit facility to Intesa Sanpaolo.The credit facility, entered into in June 2020, was structured to support the restart and transformation of Italy’s automotive sector after the COVID-19 outbreak by providing liquidity… Continue reading @Groupe PSA: PR Stellantis Announces Early Repayment of €6.3 Billion Credit Facility with Intesa Sanpaolo003180
@Groupe PSA: PR Stellantis Improves 2021 Business Performance in China003179
Dongfeng Peugeot Citroën Automobile achieved turnaround, selling more than 100,000 vehicles Jeep® Wrangler reached historic record in annual sales and Jeep Brand ranked No. 1 in vehicle quality and dependability Significant advancement in independent aftermarket business AMSTERDAM – In 2021, Stellantis strengthened its business position in China laying a solid foundation for the Company’s long-term… Continue reading @Groupe PSA: PR Stellantis Improves 2021 Business Performance in China003179
@Groupe PSA: PR Stellantis Plans to Take Majority Share in Joint Venture with GAC in China003173
AMSTERDAM – Stellantis N.V. today announced the plan to increase its shareholding in GAC-Stellantis from 50% to 75%. The announcement is a key element of Stellantis’ plan to set a new basis for its business in China. GAC Group and Stellantis have agreed to collaboratively complete the relevant formalities of the deal, which remains subject… Continue reading @Groupe PSA: PR Stellantis Plans to Take Majority Share in Joint Venture with GAC in China003173