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Faurecia SA (EPED.PA)

EPED.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Faurecia to develop and manufacture fuell cell tanks with Stelia Aerospace Composite
Monday, 15 May 2017 05:11am EDT 

May 15 (Reuters) - FAURECIA :FAURECIA TO DEVELOP AND MANUFACTURE FUELL CELL TANKS FOR ELECTRIC VEHICLES WITH STELIA AEROSPACE COMPOSITE.ESTIMATES THAT 5 MILLION VEHICLES EQUIPPED WITH FUEL CELL TECHNOLOGY COULD BE IN PRODUCTION BY 2035.  Full Article

Faurecia and ZF enter in a strategic partnership
Thursday, 4 May 2017 01:31am EDT 

May 4 (Reuters) - Faurecia :Faurecia and ZF enter in a strategic partnership.Strategic partnership for development of disruptive and differentiating interior and safety technologies for autonomous driving.Two companies will identify and develop innovative safety and interior solutions linked to different potential occupant positions.Collaboration will be based on shared expertise and competencies and will involve no capital exchange.  Full Article

Faurecia appoints Michel De Rosen as new Chairman of the Board
Tuesday, 11 Apr 2017 11:48am EDT 

Faurecia SA : Says Michel De Rosen will succeed Yann Delabriere, who will step down as chairman and member of board after presiding over shareholders' meeting .Says appointment will take effect at close of shareholders' meeting on May 30.  Full Article

Faurecia partners with startup Tactotek
Tuesday, 21 Feb 2017 04:13am EST 

Faurecia SA :Partners with startup Tactotek.  Full Article

Faurecia to maintain production capacity in Mexico
Thursday, 9 Feb 2017 05:40am EST 

Faurecia : To maintain production capacity in Mexico . Sees relatively limted exposure from any U.S tax changes (Reporting by Sudip Kar-Gupta) ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84; Reuters Messaging: sudip.kargupta.thomsonreuters.com@reuters.net)).  Full Article

Faurecia - likely to seek interiors business acquisitions
Thursday, 9 Feb 2017 01:58am EST 

Faurecia : Company likely to seek acquisitions to expand interiors business - CFO .Company sees 2017 China sales increase of 15 pct, Chinese auto market growing 3-5 pct - CFO.  Full Article

Faurecia FY net income up at 638 million euros, confirms its 2018 objectives
Thursday, 9 Feb 2017 01:16am EST 

Faurecia : FY total sales 18.71 billion euros ($19.98 billion) versus 18.77 billion euros year ago . FY operating income 970 million euros versus 830 million euros year ago . FY net income group share 638 million euros versus 372 million euros year ago . FY net financial debt 342 million euros versus 946 million euros year ago . Proposed dividend of 0.9 euros; up 38 percent versus 0.65 eurosin 2016 . Group confirms its 2018 objectives of net cash flow above 500 million euros, EPS of 5.0 euros, operating margin of 7 percent on value-added sales and 6 percent value-added sales growth 2016-2018(400 bp above automotive production growth) . For FY 2017 group expects EPS around 4.0 euros . For FY 2017 group expects net cash flow of minimum 350 million euros . For FY 2017 group expects an operating margin (on value-added sales) between 6.4 percent and 6.8 percent .For FY 2017 group expects value-added sales growth at constant currencies: +6 percent or +400 bp above LV production growth.  Full Article

Faurecia acquired Amminex
Wednesday, 14 Dec 2016 12:23pm EST 

Faurecia : Reported on Tuesday that it acquired Amminex to accelerate efficient nitrogen oxide reduction for passenger and commercial vehicles .increased its participation in the Danish company Amminex to 91.5 pct through a share purchase.  Full Article

Faurecia acquires Danish company Amminex
Tuesday, 13 Dec 2016 12:13pm EST 

Faurecia : Acquires Amminex to accelerate efficient nitrogen oxide reduction for passenger and commercial vehicles .Faurecia today announced that it has increased its participation in the Danish company Amminex to 91.5 pct through a share purchase.  Full Article

Parrot has entered into discussions of partnership between its subsidiary, Parrot Automotive, and Faurecia
Tuesday, 6 Dec 2016 12:15pm EST 

Parrot Sa : Has entered into exclusive discussions in relation to a project of partnership between its subsidiary, Parrot Automotive, and Faurecia . This partnership would provide the best conditions to develop connected vehicles of the highest quality and benefit from Faurecia's industrial power and complementary expertise . Faurecia would subscribe to a share capital increase in Parrot Automotive, which would grant Faurecia a 20 pct shareholding, based on an enterprise value of Parrot Automotive of 100 million euros ($107.13 million) .In addition, at the initiative of either by 2022, Faurecia could hold the entire share capital of Parrot Automotive.  Full Article

More From Around the Web

BRIEF-Faurecia to develop and manufacture fuell cell tanks with Stelia Aerospace Composite

* FAURECIA TO DEVELOP AND MANUFACTURE FUELL CELL TANKS FOR ELECTRIC VEHICLES WITH STELIA AEROSPACE COMPOSITE