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In 2019, we further demonstrated our resilience in a very challenging environment whilst continuing to deploy our transformation strategy. We achieved all our financial targets thanks to our agility to adapt to market conditions that worsened during the year. At the same time, we actively implemented our strategy focused on the Cockpit of the Future and Sustainable Mobility. We created our new Business Group, Faurecia Clarion Electronics, which has a clear and robust roadmap for profitable growth, and we acquired the remaining 50% stake in SAS that we will consolidate as from this year. We also continued our investment in Fuel Cell Electric Vehicles through the creation of a 50/50 joint venture with Michelin. I thank all Faurecia teams for their effective contribution to the strong performance of 2019 and would like in particular to offer our support and sympathy to our colleagues in China.
2020 should be another challenging year in terms of market conditions. We expect, at this stage, a drop of about 3% in worldwide automotive production. We have the appropriate plans in place to improve our performance. We will remain focused on resilience and cash generation. Our guidance is fully aligned with our medium-term vision and ambitions presented last November at our Capital Markets Day.
In 2020, we will accelerate the deployment of our convictions through our key initiatives including a strong focus on Total Customer Satisfaction and our program to become CO2 Neutral by 2030. Our objective is to ensure sustainable value creation for all of Faurecia’s stakeholders.