Faurecia announces today an investment in the startup SUBPAC, reinforcing the Group’s ecosystem dedicated to a personalized, versatile and connected Cockpit of the Future. Based in Silicon Valley, SUBPAC has developed a hardware and software technology platform that provides a deeply immersive and customized music and media experience by silently transferring low frequencies directly to… Continue reading FAURECIA INVESTS IN SUBPAC TO ACCELERATE THE DEVELOPMENT OF AN IMMERSIVE SOUND EXPERIENCE
Author: Faurecia Official News
2018 HALF YEAR RESULTS
Faurecia announces a double-digit growth in sales** and operating income in the first half of 2018. Full year guidance is upgraded. in €m H1 2017* H1 2018 Change Sales 8,545.2 8,991.3 +10.9%** Operating income 582.7 647.2 +11.1% as % of sales 6.8% 7.2% +40bps Net income, Group share 310.4 342.0 +10.2% Net cash flow 210.5… Continue reading 2018 HALF YEAR RESULTS
FAURECIA TO TAKE CONTROL OF 100% OF PARROT AUTOMOTIVE
Faurecia and Parrot have finalized a proposal concerning the take-over of 100% of Parrot Automotive by Faurecia, ahead of schedule. This transaction underlines the importance of Parrot Automotive in Faurecia’s Cockpit of the Future strategy. It would accelerate the development of infotainment solutions based on the Android operating system by Parrot Automotive and the development… Continue reading FAURECIA TO TAKE CONTROL OF 100% OF PARROT AUTOMOTIVE
FAURECIA AMENDS AND EXTENDS ITS €1.2 BILLION LONG-TERM SYNDICATED CREDIT FACILITY
Faurecia signed on June 15 an Amend & Extend (A&E) agreement regarding its €1.2 billion Syndicated Credit Facility, initially signed in December 2014 and already amended in June 2016. This new agreement extends the maturity of the facility, which is undrawn as of today, from June 2021 to June 2023, with two optional one-year extensions.… Continue reading FAURECIA AMENDS AND EXTENDS ITS €1.2 BILLION LONG-TERM SYNDICATED CREDIT FACILITY
SMALL STREAMS MAKE A BIG RIVER: FROM EVOLUTION TO TRANSFORMATION
The quest for clean air and sustainable mobility is driving a major shift in the automotive industry, towards zero emission mobility. For Faurecia, it’s evolution, not revolution! It builds on our continued technology innovation for clean mobility solutions. It’s also enlarging our playground in and beyond the automotive world to support everyone who has a… Continue reading SMALL STREAMS MAKE A BIG RIVER: FROM EVOLUTION TO TRANSFORMATION
THE COLLECTIVE INTELLIGENCE OF MAN AND MACHINE
Virtually, every change in industry, in the workplace, in our daily lives is driven directly or indirectly by technology. And the last five years have brought us a number of game-changing technologies – from big data, cloud services to artificial intelligence. At Faurecia, we are’re looking to harness the potential of all of these, and… Continue reading THE COLLECTIVE INTELLIGENCE OF MAN AND MACHINE
FAURECIA AND FAW GROUP PARTNER TO DEVELOP INNOVATIVE COCKPIT OF THE FUTURE AND SUSTAINABLE MOBILITY SOLUTIONS
Faurecia today signed a strategic partnership framework agreement with one of the leading Chinese automobile manufacturer, FAW Group, to develop cockpit of the future technologies and sustainable mobility solutions. Within this strategic cooperation, several fields have been defined: Develop Cockpit of the Future solutions and services for a personalized and intelligent user experience in particular… Continue reading FAURECIA AND FAW GROUP PARTNER TO DEVELOP INNOVATIVE COCKPIT OF THE FUTURE AND SUSTAINABLE MOBILITY SOLUTIONS
THE ART AND SCIENCE OF FINDING THE RIGHT PARTNERS IN TODAY’S NEW MOBILITY WORLD
Call them what you want: young companies, start-ups, disruptors, or – as we do in the automotive industry –“new entrants.” Regardless of how you refer to them, the concept behind these new mobility players is the same: they have a revolutionary idea about changing the way we think about personal mobility. Some of them want… Continue reading THE ART AND SCIENCE OF FINDING THE RIGHT PARTNERS IN TODAY’S NEW MOBILITY WORLD
FAURECIA SHAREHOLDERS’ MEETING – COMPOSITION OF THE BOARD OF DIRECTORS, DIVIDEND OF €1.10 PER SHARE AND PLAN TO CONVERT FAURECIA INTO A EUROPEAN COMPANY
All the resolutions were adopted at Faurecia’s Annual Shareholders’ Meeting held in Paris today under the chairmanship of Michel de Rosen. The shareholders approved the decision taken by the Board of Directors on October 12 to appoint Valérie Landon to the Board. Following the resignation of Jean-Pierre Clamadieu, effective at the close of the meeting,… Continue reading FAURECIA SHAREHOLDERS’ MEETING – COMPOSITION OF THE BOARD OF DIRECTORS, DIVIDEND OF €1.10 PER SHARE AND PLAN TO CONVERT FAURECIA INTO A EUROPEAN COMPANY
FAURECIA INVESTS IN PROMETHIENT AND ACCELERATES THE DEVELOPMENT OF THERMAL COMFORT TECHNOLOGIES FOR THE COCKPIT OF THE FUTURE
Faurecia announces today an investment in the American startup Promethient, reinforcing the Group’s ecosystem dedicated to thermal management technologies for future mobility solutions. Based in Traverse City, Mich., Promethient designs and produces Thermavance, a climate control technology that is adaptable for multiple vehicle thermal use cases. Thermavance heats and cools through conductive heat transfer, offering… Continue reading FAURECIA INVESTS IN PROMETHIENT AND ACCELERATES THE DEVELOPMENT OF THERMAL COMFORT TECHNOLOGIES FOR THE COCKPIT OF THE FUTURE