In an armchair. Faurecia is “proud” to announce on Wednesday the signing of the largest contract in its history. The PSA-controlled automotive supplier sold six million car seats at once to German BMW.
In the coming years, the French group will manufacture, assemble and deliver just-in-time complete seats or seating structures that will integrate into the Mini and BMW Series 2 ranges.
At Faurecia, the order book is thick, very thick. With this “mega contract” BMW, order intake reached a record level of 62 billion euros over the period 2015-2017, 9 billion more than in 2014-2016.
Last year, the equipment supplier led by Patrick Koller posted a turnover up 10.6% to 17 billion euros and a Operating income inflated by 21% to 1.2 billion euros. Profits in particular from the sale of complete seats to the Volkswagen Group, which has shipped Faurecia products in its Audi Q8, VW Touareg and Porsche Cayenne.