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    Unable to find investors, Britishvolt files for insolvency
    Battery startup Britishvolt filed a notice to appoint an administrator in the insolvency courts in the UK on January 17, 2023, after failing to raise funds from new and existing investors to keep the business afloat. While a majority of 300 existing employees have lost their jobs as an immediate consequence of Britishvolt’s liquidation, the development is also being seen as a blow to the UK government’s efforts of establishing a flourishing ecosystem for electric vehicle (EV) and battery man...
    Talking Heads: CES – the wrap
    In 2023, some 300 exhibitors showcased their vehicle technology. Its increasing importance – usurping the traditional auto shows like NAIAS, Paris, IAA and Geneva along the way – is demonstrated if we wind back the clock to 2014. Then, there were just nine OEMs present and some 125 automotive technology exhibitors. With this growth has also come maturity. The 2023 CES was less about fanciful concepts and more about tangible. Click the link above to download the full article.
    Faurecia-Aptoide partners with Catappult to launch app distribution service for vehicles
    Faurecia-Aptoide has partnered with Catappult to launch an app distribution service for cars, it said in a press release dated 30 January. Developers can use Faurecia-Aptoide's app store technology to distribute their games and apps in cars. Developers will be able to design and finetune apps and games for cars, while manufacturers will be able to customize their app stores. “A game-changing solution that allows the automotive industry to offer a much richer, more personalized experience to...
    Faurecia Aptoide Automotive partners with Vector Unit to enhance in-vehicle entertainment
    Faurecia Aptoide Automotive app store has announced a partnered with Vector Unit to bring a new in-vehicle gaming experience, according to a company press release on 13 November. This will enable occupants a chance to play Beach Buggy Racing game in their car, directly on the infotainment system. “Partnering with Vector Unit is incredibly exciting as Faurecia Aptoide is creating a diverse and complete connected automotive environment. Bringing Beach Buggy Racing on board to allow vehicle us...
    Stellantis plans to acquire stake in Faurecia-backed hydrogen mobility company Symbio
    Stellantis has begun exclusive negotiations with Faurecia and Michelin to acquire a significant stake in Symbio, a Faurecia – Michelin joint-venture (JV) company focused on zero-emission hydrogen mobility, the carmaker announced on 23 December 2022. The transaction is expected to be wrapped up in the first half of 2023 and is subject to customary closing conditions, including regulatory approvals, Stellantis said. “Symbio’s technical roadmap perfectly matches with Stellantis’ ...
    FORVIA launches MATERI’ACT brand to develop, manufacture sustainable materials
    Faurecia, a FORVIA company has launched a new brand MATERI’ACT dedicated to developing and manufacture state-of-the-art sustainable materials, it said in a press release on 3 November. Rémi Daudin, VP, Sustainable Material Division, Faurecia, said, “Rethinking the way we design, manufacture, and use our products is a necessary step in the fight against climate change. Sustainable transformation of businesses is not just about reducing the negative impacts on the environment but also abou...
    Faurecia presents sustainable alternative to animal leather
    Faurecia announced that the company has been testing new bio-based materials as a lower carbon dioxide (CO2) emissions alternative to animal or polyvinyl chloride (PVC) synthetic leather for use in trim solutions on seats and to cover surfaces of the vehicle interior such as the instrument panel, door panel, or center console, it said in a press release on 11 October. Nicolas Michot, Faurecia Seating Technology Director, said, “Our customers are extremely interested in new materials that su...
    Faurecia to supply EV startup LeapMotor with sustainable seating systems
    Faurecia, a FORVIA company has announced that it signed a strategic partnership with China-based new energy vehicle (NEV) company LeapMotor to develop sustainable automotive seating supply chain, ChinaEVs reported on 9 October.    Significance: Automakers are offering new seats with sensors that can assess occupants' health and stress levels while they are in the vehicle as they look beyond ensuring safety and comfort for occupants. As a result, seats are becoming more intelligent, ...
    FORVIA’s divestment strategy reflects its ambition to emerge as a technology focused enterprise
    On 29 July, HELLA announced the divestment of 33.33% stake of integrated front end modules company Hella Behr Plastic Omnium (HBPO) GmbH to France-based Plastic Omnium for an equity value of EUR290 million (USD306.70 million). The transaction enables Plastic Omnium with complete ownership. The divestment is part of HELLA’s strategy to align its resources in the development of high growth business segments underlining FORVIA’s combined businesses which, aim to become a major technology-focuse...
    Forvia reports H1 2022 net sales at USD11.86 billion, up 49.37% y/y
    Forvia reports first–half 2022 net sales at EUR11.62 billion (USD11.86 billion) with a year-on-year (y/y) increase of 49.3% compared with EUR7.78 billion in 2021, according to a filing by the company on 25 July. Operating income was reported as EUR426 million, down 16.47% compared with EUR510 million in the previous year. Net income was down EUR233 million for first half 2022. Patrick Koller, CEO, Faurecia, said, “Since the beginning of the year, in addition to implementing the ...
    GravitHy to set up USD2.3-billion green steel raw material plant in France by 2027
    French energy company Energie announced via a press release on 30 June that consortium GravitHy will mobilize USD2.3 billion's (EUR2.2 billion's) worth of investment to commission a new direct reduced iron (DRI) plant in the area of Fos sur Mer, southern France.  The consortium was jointly formed by EIT InnoEnergy, US electrolyzer manufacturer Plug Power, UK steel plant developer Primetals, French energy company Engie New Ventures, French automotive technology firm Forvia, and French rea...
    Faurecia to invest USD147 million in new interiors plant in Mexico
    Faurecia, a Forvia Group company has announced an investment of USD147 million to construct a new shared plant in Nuevo Leon, Mexico, that will have instrument panels, production lines for other interior modules, technologies and processes such as plastic injection, vibration welding, ultrasonic welding, and assembly, based on renewable energy technologies, MexicoNow reported on 19 May.   Robert Grienenberg, vice president of Faurecia Asientos Mexico, said, “The design of automotive se...
    Faurecia, Veolia partner on recycled plastics for automotive interiors
    Faurecia, a FORVIA company, and Veolia have partnered to develop sustainable compounds for automotive interior modules and are aiming to achieve an average of 30% of recycled content by 2025, according to a press release published by Faurecia on 3 May. The collaboration will accelerate the deployment of innovative recyclable interiors implemented in instrument panels, door panels, and center consoles in Europe. Veolia will begin production of these secondary raw materials at its existing recy...
    Faurecia to integrate its apps platform into Mercedes-Benz’s MBUX multimedia system
    Faurecia has tied up with Mercedes-Benz Group, under which the FORVIA Group company will integrate its apps platform into the MBUX multimedia system, it said in a press release on 28 April. The platform has been developed in partnership with Aptoide. Faurecia will offer a customized app portfolio from 2023, which can be refreshed and updated multiple times a year for optimal user experience. “With the Faurecia Aptoide Automotive App Store, we provide the best market- relevant content in the...
    Faurecia Aptoide automotive app store to offer Amazon Music
    Faurecia Aptoide has announced that it will offer Amazon Music to its customers, a company press release dated 16 March read. This will enable users to access the streaming app directly from the car's infotainment system. “We're incredibly proud to work with such a big name like Amazon Music. This collaboration is a proof of how the in-car entertainment is a priority for the future vehicles and connected mobility. Together we will allow car users to have an elevated music experience di...
    Faurecia and AVL join the Auto-ISAC
    The Automotive Information Sharing and Analysis Center (Auto-ISAC) announced that the group has added two new members AVL and Faurecia, according to a press release published by Auto-ISAC on 1 March. Faye Francy, Auto-ISAC Executive Director, said, “As the Auto-ISAC continues to grow its membership so does its pool of contributors that are dedicated to sharing information that is essential in helping protect the connected vehicle industry. We are pleased to see AVL and Faurecia adding their...
    Faurecia and HELLA to emerge a more capable supplier in interior and lighting space
    On 31 January 2022, Faurecia announced that it completed the acquisition of a controlling interest in HELLA GmbH & Co. KGaA; the deal was announced on 14 August 2021. Faurecia SE (PAR:EO, market capitalization USD6.46 billion as on 21 February 2022) acquired 79.5% HELLA GmbH & Co. KGaA (XETRA:HLE, market capitalization USD7.93 billion as on 21 February 2022) shares with an investment of EUR5.3 billion (USD6.0 billion). This included 60% share package of the HELLA pool shareholders as wel...
    Faurecia reports FY 2021 net sales at USD17.64 billion, up 8.1% y/y
    Faurecia reports fiscal year (FY) net sales at EUR15.61 billion (USD17.68 billion) against EUR14.45 billion with a year-on-year (y/y) increase of 8.1% for the full year that ended 31 December 2021, according to a filing by the company on 21 January. Operating income for 2021 was EUR862 million, an increase from EUR418 million in the previous year. Net income was reported at EUR113 million. Research and development (R&D) expenses were up to EUR660 million from EUR594 million in 2021. Patri...
    Faurecia Aptoide partners with Leading Courses to offer in-vehicle golf course booking
    Faurecia Aptoide has tied up with Leading Courses to allow customers to search and book golf courses directly from their car's infotainment system, it said in a press release on 17 February. Through Faurecia Aptoide’s App Store, customers can use Leading Courses to reserve slots. “Having Leading Courses as our partner is incredibly rewarding as it contributes to our connected in-car experience by allowing vehicle users to reserve their tee time from the comfort of the car. We are excited ...
    Faurecia's and HELLA’s combined group to be known as Forvia
    The combined company from the merger between Faurecia and HELLA will be known as Forvia, and will be the seventh largest automotive supplier in the world, the company announced in a press release on 7 February. The new brand reflects both the companies’ evolving innovation and producing future ready sustainable solutions.     Patrick Koller, Faurecia CEO, said, “We are FORVIA! This new name reflects core elements of our Faurecia and HELLA brands, as well...
    Faurecia completes acquisition of lighting and electronics supplier HELLA
    Faurecia announces the completion of lighting and electronics specialist HELLA’s acquisition after receiving all necessary regulatory approvals, it said in a press release on 31 January. Through the transaction, Faurecia acquired 79.5% of the shares in HELLA, including the 60% share package of the HELLA pool shareholders as well as around 19.5% as part of the public takeover offer ended on 11 November 2021.   Patrick Koller, CEO, Faurecia, said, "HELLA and FAURECIA complement each othe...
    Faurecia to integrate Aptoide Automotive App Store in BMW vehicles
    Faurecia has announced a partnership with BMW Group, under which it will integrate the Faurecia Aptoide Automotive App Store in BMW vehicles, according to a company press release dated 6 January. The App Store will allow for connected app offerings in the new BMW models. “Our Faurecia Aptoide solution already used in 3 million vehicles has the ambition to shape the onboard infotainment experience. We are excited to provide our apps solution to a renowned automobile manufacturer such as the ...
    INRIX ParkMe app to be available in Faurecia Aptoide Automotive app store
    INRIX has announced the availability of its INRIX ParkMe app on the Faurecia Aptoide Automotive App Store, according to a company press release on 30 November. INRIX ParkMe enables drivers to find, compare, and navigate to open parking spaces in over 150 countries. “Faurecia Aptoide offers an excellent opportunity to bring our parking services to a wide range of users throughout its automotive App Store. Through this partnership, drivers can access the most robust and comprehensive parking ...
    Faurecia to secure 79.5% of HELLA upon completion of takeover
    Faurecia will hold 79.5% of the shares in HELLA upon completion of its takeover, Faurecia said in a press release on 16 November. The deal translates into an investment of almost USD6.0 billion (EUR5.3 billion) that allows Faurecia to attain financial flexibility. Patrick Koller, CEO of Faurecia, said, “Faurecia welcomes the positive outcome of the voluntary takeover offer for HELLA. We have designed a sustainable organization and governance, which allows us to be e...
    Faurecia to expand operations in Tennessee, US
    Faurecia will expand its operations at its Spring Hill plant in Tennessee, according to an official release on 27 October. Faurecia is set to invest USD18 million to expand its existing facility by nearly 100,000 square feet to increase manufacturing capabilities, specifically the production of door panel assemblies. The expansion is expected to create 171 new jobs. “We are excited for this expansion that would not have been possible without the team’s experience, an engaged workforce, an...
    Faurecia reports strong sales at USD3.4 billion in Q3
    Faurecia reported total sales of EUR15.5billion and a high organic sales outperformance of more than 600 base points (bps) according to the company’s press release on 26 October. Operating margin of the company was a strong 6.0% to 6.2% of sales. All business groups and regions reported a well-established result with Clarion Electronics and Asia posting an organic growth of 7.3% and 6.5% respectively. Faurecia cited IHS Markit’ global automotive production forecast for 2021, which was cut...
    Faurecia developing “emirror” for active safety
    According to an official press release dated 13 October, Faurecia announced that it is collaborating with new mobility company Human Horizons on an emirror project in China. The emirror solution will be integrated into two new electric vehicle (EV) models, a sedan and a sport utility vehicle (SUV), that will hit the road in 2022 and 2023. Human Horizons, founded in 2017, is a company that creates smart transportation technologies and energy-efficient vehicles. It began deploying its first s...
    Faurecia launches public takeover offer for HELLA
    According to an official press release dated 27 September, Faurecia, through its wholly owned subsidiary Faurecia Participations GmbH, published the offer document for its cash voluntary public takeover offer for all outstanding shares of HELLA, a major automotive player in lighting and electronics based in Lippstadt, Germany. The cash offer price is EUR60.0 (USD70.23) per share. This equates to a total consideration of EUR60.96 (including the expected dividend of EUR0.96 to be paid by HELLA-...
    Faurecia reaches agreement to acquire majority stake in HELLA
    Faurecia has announced that it has reached an agreement with the Family pool and with HELLA to acquire a 60% stake in HELLA. According to press release issued by Faurecia and HELLA on 14 August, the transaction will be done through a mix of EUR3.4 billion (USD4 billion) in cash and up to 13,571,428 newly issued Faurecia shares (based on a reference price of EUR42.063 per Faurecia share). The completion of the transaction does not require any approval by the shareholders of Faurecia, and it is ex...
    Faurecia H1 2021 sales rise 27.9% y/y to USD9.19 billion
    France-based automotive components and systems supplier, Faurecia, has published its financial results for the first half of the 2021 fiscal year (FY). According to a press release issued by Faurecia on 26 July, the company posted sales of EUR7.78 billion (approximately USD9.19 billion) during the first half of 2021 period, which implies an increase of 27.9% year over year (y/y) from the EUR6.08 billion recorded during the same time period of FY 2020. The company also recorded an operati...
    Faurecia establishes new division to develop sustainable and smart materials
    Faurecia has announced the establishment of a division to develop and manufacture sustainable and smart materials, it said in a company press release on 22 July. The company is planning to build a dedicated Sustainable Materials R&D Center and a pilot plant, both operational in 2022. The center will initially employ 125 engineers, which will grow to over 400 in 2030. “With decades of experience in the development of bio-sourced materials, Faurecia plans to increase its contribution...
    Faurecia opens new plant in Russia for complete seat systems
    French automotive supplier of car interior and engine emission systems Faurecia has set up a new manufacturing plant in Togliatti in the Samara region, Russia. The new facility would manufacture vehicle seating systems and was inaugurated on 24 June, the company said in a press release. “The Samara city will thus be home to both its largest site in Russia and its regional headquarters, building on the Faurecia Group’s six sites across the country and energizing its momentum for ...
    Gasoline particulate filters to remain in demand this decade owing to hybridization
    Carmakers all over the world are working numerous angles to make their vehicles as efficient as possible, owing to the prevalent eco-friendly sales strategy along with governments across the globe making environmental policies progressively more stringent every few years. A significant component of vehicular exhaust emissions is particulate matter (PM), which comprises microscopic particles that are so lightweight that they remain suspended in the air. Coarse particles, which measure 10 micromet...
    ACQUISITION: Faurecia acquires DesignLED
    Faurecia has announced the acquisition of DesignLED, in a company press release on 9 June. DesignLED is a Scotland-based company, offering advanced backlighting technologies. Financial details of the transaction were not disclosed. “DesignLED’s advanced technologies and team will enrich Faurecia Clarion Electronics’ display technologies ecosystem. Immersive experiences are fast becoming a defining factor in mobility, and through the acquisition of designLED we aim to strengthen Fau...
    Faurecia closes acquisition of Chinese high-pressure hydrogen tank manufacturer CLD
    Faurecia has completed its acquisition of mainland China-based manufacturer of hydrogen tanks CLD on 30 April 2021. CLD has about 200 employees and two plants in Liaoning with a capacity of 30,000 tanks per year. In addition, CLD has also been recently certified by the Chinese central government as the first domestic producer of Type IV hydrogen tanks. Unlike Type III tanks, which use an aluminum liner in place of a plastic one, Type IV tanks are lighter and thus better suited to mobility app...
    Evolution of automotive interiors toward a living room on wheels
    Automotive interior design will continue to be driven by efficiency, lightweight, comfort, and safety. The interiors are getting more complex day by day and their designs are required to meet various safety regulations, material compliance, weight reduction requirements, and higher noise, vibration and harshness (NVH) performance. Ultimately, the removal of the need for a driver (with the advent of autonomous vehicles) means these vehicles are likely to be oriented in a face-to-face layout eithe...
    Auto Shanghai 2021: Faurecia showcases cockpit of the future for the mainland Chinese market
    Faurecia has demonstrated its intelligent ‘cockpit of the future’ for the mainland Chinese market at the Auto Shanghai 2021, according to a press release on 22 April. The company also showcased a new lighting in the cockpit with its LUMi range of seat lighting technologies. This allows OEMs a way to integrate ambient lighting, alerts, information, control panels, or high-quality color-lit logos in the seat front, headrest, seat back, and side valence. Connected features include telep...
    Faurecia’s Q1 2021 sales up 8.9% y/y to USD4.7 billion
    Faurecia has reported an 8.9% year-on-year (y/y) growth in sales to EUR4 billion (USD4.7 billion) for the first quarter ended 31 March 2021. According to a company press release on 20 April, Seating segment sales rose by 10.1% y/y to EUR1.5 billion and sales in the Interior segment grew by 11% y/y to EUR1.2 billion. The company posted a growth of 6.4% and 1% in sales of Clean Mobility and Clarion Electronics to EUR1 billion and EUR199 million, respectively. “In Q1, our sales showed double-d...
    Stellantis to launch hydrogen fuel cell light commercial vehicle in Europe by end 2021
    Stellantis is developing a light commercial vehicle powered by hydrogen fuel cells, and it is targeting a launch date in Europe at the end of 2021. According to a press release issued by Stellantis last month, the company stated that it has entered into strategic partnerships with Faurecia and Symbio, a joint venture of Michelin and Faurecia. The partnership will develop the two main system components—the fuel cell stack and the hydrogen storage system. The hydrogen fuel cell system will be...
    Faurecia to present ‘Cockpit of the Future’ at Shanghai Auto Show
    Faurecia will showcase its latest innovations for the ‘Cockpit of the Future’ and other mobility solutions at the Auto Shanghai, which will be held from 19 April to 28 April 2021, according to a company press release on 6 April. the solutions to be displayed are designed to cater to the needs of Chinese consumers enabling a safe, comfortable, and connected on-board experience. The French company will also present ultra-low emissions technologies and zero emissions hydrogen solutions for pass...
    Faurecia and Stellantis collaborated to develop hydrogen-powered commercial vehicles
    Stellantis and Faurecia have collaborated to equip its new zero-emission ranges of light commercial vehicles with hydrogen storage systems and fuel cell stacks through Symbio, a joint venture (JV) between Faurecia and Michelin. Faurecia will develop, supply and assemble hydrogen storage systems from its global center of expertise in Bavans, France. With three high-pressure homologated tanks at 700 bars and carrying a total of 120 liters of hydrogen per vehicle, Stellantis' light commercial ve...
    Cinemo ties up with iQIYI for video-on-demand in-vehicle multiscreen content in mainland China
    Cinemo has partnered with iQIYI to deliver video-on-demand multi-screen content into the vehicle, the company said in a press release on 29 March. The companies will power the in-car entertainment on Faurecia Xiamen IVI platforms in FAW Hongqi's flagship sedans. iQIYI will offer technical capabilities, and customized adaptations based on Cinemo's technical solutions for optimal in-vehicle audio-visual experience. “We are delighted to have worked with iQIYI and on this project. At Cinemo, we...
    Faurecia supplies SmartVent ventilation and thermal management solution; interior components for new DS4
    Faurecia is supplying SmartVent ventilation and thermal management solutions and other technologies from its Interiors, Seating and Clean Mobility Business Groups for the new DS4 sport utility vehicle (SUV), the French supplier said in a press release on 22 March 2021. Faurecia Interiors will also provide various internal components of the new DS4, including the instrument panel, which is made from the sustainable NAFILean ® biocomposite, and the door panels. In addition, the French company ...
    Faurecia starts construction of manufacturing facility in France
    France-based automotive parts supplier Faurecia has announced the construction of a new industry 4.0 platform in the Bourgogne-Franche-Comté region of France, according to a company press release on 19 March. The company is investing a total of EUR165 million (USD196.5 million). The project will not only safeguard the registered headcount in the region but will create an additional 300 highly qualified positions in Allenjoie. “This major investment shows that, together with the public auth...
    Faurecia develops radiant panel solutions to improve thermal management
    Faurecia has developed a range of radiant panel solutions to improve thermal management, the French supplier said in a press release on 3 March 2021. The new radiant panels, controlled through HMI and using the fewest number of buttons and dials possible, can be integrated into various interiors components such as the instrument panel, door panel, and center console. Additionally, to advance safety and user experience inside the cockpit, Faurecia has integrated safety alerts with decorat...
    Faurecia’s FY 2020 sales decline 17.5% y/y to USD18 billion
    Faurecia’s sales declined 17.5% year-over-year (y/y) to EUR14.65 billion (USD17.99 billion) in the financial year ended 31 December 2020, the company said in a press release on 22 February. Sales, at constant scope and currencies, dropped 19.6% y/y. Operating income by fell 68.4% y/y to EUR406 million, resulting in an operating income margin of 2.8% compared with 7.2% in 2019. Faurecia recorded net loss of EUR378.8 million against net income of EUR589.7 million in the previous financial year. ...
    Renault, Faurecia to collaborate on hydrogen storage systems for LCVs
    Faurecia and Groupe Renault are collaborating on hydrogen storage systems for hydrogen light commercial vehicles, the French automaker announced in a press release on 19 February. Starting at the end of 2021, Faurecia will begin supplying hydrogen storage systems for a first fleet of light commercial vehicles. “This partnership is an important i