Forvia

Last updated
Forvia SE
FormerlyFaurecia SE (until 2023)
Company type Public ( Societas Europaea )
Euronext Paris:  EO
CAC Next 20 Component
ISIN FR0000121147  OOjs UI icon edit-ltr-progressive.svg
Industry Automotive
Founded1997
Headquarters,
Number of locations
35 countries
Area served
International
Key people
Patrick Koller, CEO
ProductsAutomotive seating, interiors and emissions control technologies
ServicesDesign and manufacture of automotive sub-systems for the Volkswagen Group, Stellantis, the Renault–Nissan–Mitsubishi Alliance, Ford, General Motors, BMW, Daimler, Toyota, Hyundai-Kia, BYD and other automotive OEMs
RevenueIncrease2.svg €25,46 billion (2022)
Increase2.svg €1,11 billion (2022)
Decrease2.svg €-381,8 million (2022)
Owners
Number of employees
157,460 (2022)
Subsidiaries
Website www.forvia.com

Forvia SE (stylized in all-uppercase), formerly Faurecia SE, is a French global automotive supplier headquartered in Nanterre, in the western suburbs of Paris. In 2022 it was the 7th largest international automotive parts manufacturer in the world and #1 for vehicle interiors and emission control technology. One in two automobiles is equipped by Faurecia. [1] It designs and manufactures seats, exhaust systems, interior systems (dashboards, centre consoles, door panels, acoustic modules) and decorative aspects of a vehicle (aluminium, wood).

Contents

Faurecia's customers include the Volkswagen Group, Stellantis, Renault–Nissan–Mitsubishi, Ford, General Motors, BMW, Daimler, Toyota, Tesla, Inc., Hyundai-Kia, Jaguar Land Rover and BYD among others. Faurecia employs 8,300 engineers and technicians. The company operates over 300 production sites and 35 R&D centres in 37 countries worldwide, with 403 patents filed in 2017. About half of these sites are manufacturing plants operating on the just-in-time principle. Faurecia joined the United Nations Global Compact in 2004.

The company was at the core of a bribery scandal in 2006 which led to the resignation and legal conviction of its then CEO Pierre Lévi. [2]

In 2022, the company merged with German auto parts manufacturer Hella, the merged business being named Forvia.

In April 2024, L&T Technology Services partnered with Forvia Forge at €45 million deal. [3]

Origins

Faurecia was formed in 1997 by two automotive component suppliers, Bertrand Faure and ECIA. [4]

It designs and manufactures seats, exhaust systems, interior systems (dashboards, centre consoles, door panels, acoustic modules) and decorative aspects of a vehicle (aluminium, wood).

Related Research Articles

<span class="mw-page-title-main">Rolls-Royce Phantom VII</span> Ultra-luxury flagship automobile in its seventh generation

The Rolls-Royce Phantom is a full-sized luxury saloon car made by Rolls-Royce Motor Cars. Launched in 2003, it was the first Rolls-Royce developed and introduced after BMW purchased the right to use the Rolls-Royce name and logo in 1998. It was the seventh Rolls-Royce design to use the Phantom nameplate.

<span class="mw-page-title-main">Automotive design</span> Process of developing the design of motor vehicles

Automotive design is the process of developing the appearance of motor vehicles, including automobiles, motorcycles, trucks, buses, coaches, and vans.

McLaren Applied is a British technology and products company. Capabilities include design, development, manufacture and test of electronic, mechanical, electrical and software products. The company is focused on four industries: motorsport, automotive, transport and mining. McLaren Applied was formerly a part of McLaren Group and since 2021 a fully independent company, which owned by the private investment firm Greybull Capital.

<span class="mw-page-title-main">Hella (company)</span> German automotive part supplier

Hella GmbH & Co. KGaA is an internationally operating German automotive parts supplier headquartered in Lippstadt, North Rhine-Westphalia. The company develops and manufactures lighting, electronic components, and systems for the automotive industry. It also operates one of the largest trade organizations for automotive parts, accessories, diagnostics, and services within Europe.

<span class="mw-page-title-main">Lear Corporation</span> American automotive parts manufacturer

Lear Corporation is an American company that manufactures automotive seating and electrical systems. In 2019, it ranked #147 and in 2018, it ranked #148 on the Fortune 500 list.

<span class="mw-page-title-main">PACE Award</span> Annual Automotive News award

The PACE Award is an annual award from Automotive News. The focus of the award is an innovation (i) developed primarily by a supplier, (ii) that is new to the automotive industry, (iii) that is in use, and (iv) that "changes the rules of the game". Awards have been given for products, materials, processes, capital equipment, software and services. A panel of independent judges from industry, finance, research, and academia choose finalists from the initial applicants, make site visits to evaluate the innovation, and then gather to select winners, independent of the sponsors. Winners to date include suppliers from Japan, Korea, China, the US, Canada, Brazil, Germany, France, Italy, Poland and other European countries. Among the most awarded companies over the years are BorgWarner, Delphi Automotive, Federal-Mogul, Valeo and PPG Industries as well as Robert Bosch GmbH, Gentex Corporation, and Siemens.

Collins & Aikman Corporation was an automotive manufacturer of cockpit modules and automotive floor and acoustic systems and a supplier of instrument panels, automotive fabric, plastic based trim and convertible top systems. The Company's operations spanned 15 countries, incorporating about 120 facilities and approximately 25,000 employees. It entered Chapter 11 bankruptcy on May 17, 2005 and went out of business on October 12, 2007.

<span class="mw-page-title-main">Clarion (company)</span> Japanese manufacturer

The Faurecia Clarion Electronics Co., Ltd. is a Japanese manufacturer of car audio, automotive navigation systems, AutoPCs, visual equipment, bus equipment, and communication equipment. It is since 2019 fully owned by Faurecia Clarion Electronics.

<span class="mw-page-title-main">Automotive thermoelectric generator</span>

An automotive thermoelectric generator (ATEG) is a device that converts some of the waste heat of an internal combustion engine (IC) into electricity using the Seebeck Effect. A typical ATEG consists of four main elements: A hot-side heat exchanger, a cold-side heat exchanger, thermoelectric materials, and a compression assembly system. ATEGs can convert waste heat from an engine's coolant or exhaust into electricity. By reclaiming this otherwise lost energy, ATEGs decrease fuel consumed by the electric generator load on the engine. However, the cost of the unit and the extra fuel consumed due to its weight must be also considered.

<span class="mw-page-title-main">Dräxlmaier Group</span> German automotive company

The Dräxlmaier Group is a globally operating automotive supplier with its headquarters in the Lower Bavarian city of Vilsbiburg, Germany. Founded in 1958, the family-owned company specializes in the production of wiring harness systems, central electrical and electronic components, interiors, and low- and high-voltage battery systems for electric mobility for premium vehicles.

<span class="mw-page-title-main">Tractors and Farm Equipment Limited</span> Tractor manufacturer in Chennai, India

Tractors and Farm Equipment Limited (TAFE) is an Indian agricultural machinery manufacturer based in Chennai, India. TAFE is one of the largest tractor manufacturer in the world and the second largest in India by volume.

<span class="mw-page-title-main">Bus manufacturing</span> Manufacture of buses and coaches

Bus manufacturing, a sector of the automotive industry, manufactures buses and coaches.

TACO Faurecia Design Center Pvt. Ltd. (TFDC) was an Indo French engineering design company. It was a 50:50 joint venture between Tata AutoComp Systems Limited (TACO) of India and Faurecia Automotive Holdings of France. It provided automotive components design services exclusively to Faurecia.

Automotive Components Holdings, LLC (ACH) located in Saline, Michigan was an automotive parts manufacturing plant that specialized in the manufacture of plastics, trim pieces, instrument panels, door panels, consoles, and other various internal plastic parts. On June 1, 2012, Faurecia, a French automotive parts supplier, began operations at the plant.

<span class="mw-page-title-main">Range Rover (L322)</span> Motor vehicle

The Land Rover Range Rover (L322), generally shortened to Range Rover, is the third-generation Range Rover model from British car maker Land Rover and was originally developed under the codename 'L30'.

Samvardhana Motherson International Ltd is an Indian multinational manufacturer of automotive components, based in Noida. It makes wiring harnesses, plastic components and rearview mirrors for passenger cars. The company was established in 1986 as a joint venture with the Sumitomo Group of Japan.

Inteva Products, LLC is a global automotive supplier. Serving original equipment manufacturers (OEMs) in the automotive industry, Inteva is headquartered in Troy, Michigan and has nearly 30 locations on three continents. The Inteva Products brand name was introduced to the marketplace in 2008 and the company traces its history back to the establishment of German carriage supplier Traugott Golde in 1872.

The JoppGroup is an international supplier of automotive and industrial components.

Mutares SE & Co. KGaA is a German based holding company that acquires medium-sized companies in turn around situations by internal restructure to promote success.

Parrot Faurecia Automotive SAS is a French tech company that designs, develops and markets infotainment products for passenger vehicles and commercial trucks.

References

  1. "Group - Forvia". www.faurecia.com. Retrieved 2019-06-27.
  2. Kanter, James; Dougherty, Carter (2006-08-02). "Scandal widens in European car sector - Business - International Herald Tribune". The New York Times. ISSN   0362-4331 . Retrieved 2019-12-11.
  3. "L&T Technology Services and FORVIA Forge €45 Million Alliance to Accelerate Clean Mobility Engineering". Bru Times News.
  4. "History of Faurecia S.A. – FundingUniverse". www.fundinguniverse.com. Retrieved 2019-02-11.