French automotive technology supplier Forvia has confirmed it has started divestment process for parts of its portfolio, including its interiors business group.
The confirmation comes after media reports suggested the interiors unit could be sold.
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In a brief statement, the company said that, as a publicly listed group, it cannot respond to “market rumours” or share any information on potential confidential offers, including details on valuations or pricing of assets.
The group restated that it is carrying out a “comprehensive strategic review of its portfolio,” but did not specify which assets are involved in the current processes or what timeline it is working to.
“Today, our priority remains to execute our roadmap with discipline and responsibility, while driving our performance and empowering our teams to thrive as we advance our strategic transformation,” the statement read.
On Friday (28 November), Reuters reported that Forvia is seeking to sell part of its car interiors business as it continues to narrow its portfolio and lower its debt.
Forvia, which was created in 2022 through the combination of Faurecia and Hella, has made asset sales as a key element of its strategy.
It has so far completed about one quarter of the €1bn ($1.2bn) divestment plan it announced in October 2023, with individual deals ranging from €50m to €200m, Reuters’ report said.
The interiors division provides complete interior systems, including instrument panels, door panels and centre consoles.
It generated €1.09bn in sales in the third quarter of 2025, accounting for almost 18% of the group’s revenue.
The group aims to reduce net debt to below 1.5 times core earnings next year by means of asset disposals. This compares with a leverage ratio of 1.8 at the end of June 2025 and 3.1 three years earlier, following the completion of its merger.
Last month, Forvia teamed up with Indian IT major Wipro to optimise its Advanced Driver Assistance Systems (ADAS) applications.
The centrepiece of the collaboration was Forvia’s surround-view technology, which integrates exterior camera feeds into a 3D perspective, aiding drivers in parking their vehicles safely and effortlessly.
