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Faurecia SA (EPED.PA)

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Latest Key Developments (Source: Significant Developments)

Faurecia Announces New Blue Springs Facility, Creation Of More Than 300 Jobs
Thursday, 15 Feb 2018 01:30pm EST 

Feb 15 (Reuters) - Faurecia Sa ::FAURECIA ANNOUNCES NEW BLUE SPRINGS FACILITY, CREATION OF MORE THAN 300 JOBS.  Full Article

Faurecia Announces Signing A MOU For A Five-Year Collaboration With Accenture
Friday, 5 Jan 2018 01:29am EST 

Jan 5 (Reuters) - FAURECIA ::ANNOUNCES SIGNING A MEMORANDUM OF UNDERSTANDING FOR A FIVE-YEAR COLLABORATION WITH ACCENTURE <<>>.COLLABORATION TO ACCELERATE INNOVATION FOR MOBILITY SERVICES.  Full Article

Faurecia Acquires Hug Engineering In Switzerland
Friday, 22 Dec 2017 09:00am EST 

Dec 22 (Reuters) - FAURECIA ::TO PURCHASE HUG ENGINEERING AND BECOME MAJOR PLAYER IN DEPOLLUTION SYSTEMS FOR HIGH HORSEPOWER ENGINES.‍AGREEMENT FOR ACQUISITION OF 100% OF SWISS COMPANY HUG ENGINEERING​.‍CLOSING OF THIS TRANSACTION EXPECTED TO OCCUR DURING Q1 OF 2018​.  Full Article

Faurecia Invests In Alsentis
Tuesday, 12 Dec 2017 11:04am EST 

Dec 12 (Reuters) - FAURECIA SA ::FAURECIA INVESTS IN ALSENTIS TO REINFORCE ITS TECHNOLOGY ECOSYSTEM FOR SMART SURFACES.  Full Article

Faurecia ‍New Joint-Venture With Liuzhou Wuling Industry Named Faurecia Liuzhou Automotive Interior​
Wednesday, 29 Nov 2017 09:32am EST 

Nov 29 (Reuters) - Faurecia ::‍NEW JOINT-VENTURE WITH LIUZHOU WULING INDUSTRY NAMED FAURECIA LIUZHOU AUTOMOTIVE INTERIOR​.  Full Article

Faurecia signs joint venture with BYD
Tuesday, 31 Oct 2017 01:00pm EDT 

Oct 31 (Reuters) - FAURECIA SA ::REG-FAURECIA SIGNS A JOINT VENTURE WITH BYD FOR SEATING SOLUTIONS.‍FAURECIA, NEW JOINT VENTURE SHENZHEN FAURECIA AUTOMOTIVE PARTS CO., LTD. TO BE OWNED 70% FAURECIA - 30% BYD).FAURECIA AND PIONEERING CHINESE ELECTRIC VEHICLE OEM NEW JV EXPECTED TO GENERATE SALES REACHING 2.4 BILLION RMB BY 2020​.‍FAURECIA CEO SAYS NEW CHINESE JV WILL ACCELERATE FAURECIA'S GROWTH WITH CHINESE OEMS, WHICH WILL REACH 40% OF GROUP'S SALES IN CHINA BY 202​.  Full Article

RPT-Faurecia confirms FY 2017 guidance
Thursday, 12 Oct 2017 11:59am EDT 

Repeats without changes to text:ORGANIC GROWTH AT +10.7 PERCENT IN Q3 (VERSUS. +8.5 PERCENT IN H1).FY 2017 GUIDANCE (AS RECENTLY UPGRADED ON JULY 21) CONFIRMED.Q3 VALUE-ADDED SALES EUR 3.79 BILLION VERSUS EUR 3.53 BILLION YEAR AGO.  Full Article

Faurecia and Mahle to collaborate on Cockpit of the Future
Tuesday, 10 Oct 2017 10:19am EDT 

Oct 10 (Reuters) - FAURECIA SA ::ANNOUNCED TODAY FAURECIA AND MAHLE TO COLLABORATE ON TECHNOLOGIES FOR THERMAL MANAGEMENT OF THE COCKPIT OF THE FUTURE.  Full Article

PSA able to handle transition away from diesel engines -CEO
Tuesday, 12 Sep 2017 07:01am EDT 

Sept 12 (Reuters) - PSA ::CEO Tavares says feels saddened by current confusion surrounding diesel engines given fact that PSA respects rules in this area.CEO Tavares says PSA has necessary flexibility to handle transition from diesel towards other types of models.Tavares says authorities must also play part in move towards electric vehicles.Tavares says PSA will urge Opel to improve its sales to individual customers.Tavares says it is hard to decide upon strategy for Vauxhall given lack of clarity over Brexit.CEO says sees no need to take strategic decision on its Faurecia stake at present, all options open in the long term.Tavares was speaking at the Frankfurt car show.  Full Article

Faurecia capable of pulling off major acquisition -CEO
Tuesday, 29 Aug 2017 08:31am EDT 

Aug 29 (Reuters) - Faurecia ::CEO says Faurecia is currently capable of making a "major" acquisition.CEO says several options regarding external growth will be examined in october, including possibility of a 4th line of business.  Full Article

Auto parts group Faurecia slightly raises 2018 margin goal as profit climbs

PARIS, Feb 16 French auto parts maker Faurecia slightly raised its 2018 operating margin target on Friday as the company posted higher annual sales and profit.