Faurecia - automotive industry company news 
FRANCE: PSA Peugeot Citroen Q1 revenue down 6.5% as Europe drags
24 April 2013
PSA Peugeot Citroen has posted revenue down 6.5% to EUR13bn (US$16.9bn) for the first quarter of this year, with the automotive division sales also falling 10.3% mirroring a 10% contraction in the European market.
FRANCE: Faurecia unveils first quarter sales up 1.7% to EUR4.4bn
23 April 2013
Faurecia has posted consolidated sales for the first quarter of 2013 up 1.7% to EUR4.4bn, compared to the same period last year.
US: Faurecia plans new HQ for North America operations
2 April 2013
Faurecia North America has announced plans for a new headquarters building in Auburn Hills, Michigan.
JAPAN: New Indian JV is NHK Spring's third
14 March 2013
NHK Spring has signed an agreement to establish a company to manufacture and sell automotive seats in India with local parts makers Krishna Group and PSA Group's Faurecia.
February 2013 management briefing: Automotive interiors (2)
26 February 2013
This month's management briefing considers that latest developments in automotive interiors. In this second instalment, extracted from just-auto's QUBE seating intelligence service, we take a look at market trends in seating. Matthew Beecham also talks with engineers at JCI and Bridge of Weir Leather to find out what's changing with seat design and consumer tastes.
FRANCE: Faurecia cancels dividend as Europe struggles
12 February 2013
Component manufacturer, Faurecia, will cancel its dividend for 2012 as the company looks to increase cash generation to drive its performance this year.
COMMENT: French man barricades as Amiens to close
1 February 2013
It never rains but it pours in French industrial relations.
FRANCE: Union raises PSA bankruptcy spectre as €7m daily losses mount
1 February 2013
A major PSA Peugeot Citroen union is warning the French automaker risks bankruptcy as it continues to hemorrhage EUR7m (US$9.6m) per day.
FRANCE: Appeal Court Faurecia ruling potentially throws cat among PSA pigeons
29 January 2013
Faurecia is to immediately start negotiations with its Works Council on PSA Peugeot Citroen's restructuring plan that is looking to axe up to 8,000 jobs.
FRANCE: PSA restructuring delayed by court ruling – plants slow
29 January 2013
PSA Peugeot Citroen will continue negotiations with unions to cut 8,000 jobs in France despite a court ruling that could delay their implementation.
FRANCE: PSA employs compressed air for new hybrid solution
23 January 2013
PSA Peugeot Citroën has developed what it describes as a revolutionary technology called Hybrid Air, a petrol and compressed air full-hybrid solution.
GERMANY: GM Europe insists PSA Peugeot Citroen alliance "cast in stone" as merger rumours fly
10 January 2013
GM Europe and PSA have distanced themselves from speculation the French automaker could buy GM's Opel/Vauxhall, with Russelsheim insisting the GM/PSA commercial alliance is "cast in stone."
FRANCE: PSA vehicle sales down 16.5% in 2012
9 January 2013
PSA Peugeot-Citroen has said that vehicle sales in 2012 were down 16.5% at just under 3m units. The company blamed the weak European car market and the cessation of completely knocked down (CKD) car shipments to Iran for the decline.
FRANCE: PSA must "go further" says Finance Minister as Faurecia rumours swirl
8 January 2013
PSA Peugeot Citroen will "undoubtedly" have to go further as it looks to restructure according to one of France's highest-ranking Cabinet members, as rumours circulate the automaker is mulling a disposal of a stake in supplier, Faurecia.
FRANCE: PSA Peugeot Citroën quiet on Faurecia disposal speculation
7 January 2013
PSA Peugeot Citroën and Faurecia are remaining tight-lipped concerning speculation the French automaker could dispose of part of its 57.4% stake in the supplier.
FRANCE: Faurecia aims to double China complete seating business
14 November 2012
Faurecia says it expects to double its share of the Chinese complete seating market, despite a slight slowdown in the country's extraordinary growth rate of late.
US: Faurecia sees "real leap forward" with significant expansion
13 November 2012
Component manufacturer, Faurecia, says it has achieved a "real leap forward" in its North America business with rapid growth of 33% in 2011 and an expected increase of 42% this year.
FRANCE: Faurecia quickens Europe restructuring pace
13 November 2012
Faurecia says it is accelerating its global programme of restructuring as it looks to address falling European demand with a series of job cuts.
FRANCE: Old world gloom forces Faurecia to axe 1,500 jobs but Russia/North America bright
12 November 2012
Faurecia says restructuring costs in Western Europe will total EUR190m (US$242m) by the end of 2013 as it adjusts to plunging European demand.
FRANCE: Sales slump hits Faurecia’s earnings target
12 November 2012
Faurecia has cut its medium-term earnings target, warning that the slump in European vehicle sales would erode regional profits over the next five years.
FRANCE: Faurecia inks bioplastics deal with Mitsubishi Chemical Corporation
5 November 2012
Faurecia has signed an industrial partnership agreement with Mitsubishi Chemical Corporation to co-develop bioplastics designed for mass-production for use in automotive interiors.
FRANCE: Faurecia posts consolidated sales up 7.9% to $5.3bn
23 October 2012
Faurecia has posted third quarter consolidated sales of EUR4.08bn (US$5.3bn) up 7.9% compared to the same period last year, while product sales rose 3.2% to EUR3.2bn, like-for-like.
FRANCE: FIEV sees 'no other solution' to PSA job cuts and closure
22 October 2012
French supplier association, FIEV, says PSA Peugeot Citroen has no other solution than to implement its controversial plan to cut thousands of staff and close its factory near Paris.
MALAYSIA: DRB-Hicom in exhaust JV with Faurecia
8 October 2012
DRB-Hicom, owner of Proton, has signed a joint venture partnership with Faurecia group to produce complete exhaust systems in Malaysia.
FRANCE: Supplier body FIEV slams Europe for "artificially doping" markets
1 October 2012
France's automotive supplier body has slammed European governments, who it says, have "artificially doped" markets through the imposition of scrappage schemes and generous provision of aid.
FRANCE: Faurecia buys Plastal France
3 September 2012
Faurecia has purchased Plastal France, the sole supplier of plastic body parts for the smart brand of Daimler city vehicles.
US: Faurecia expands in Michigan
6 August 2012
Faurecia is expanding its manufacturing in Michigan after winning the business to supply interior modules for the 2013 Cadillac ATS.
FRANCE: Faurecia makes more restructuring provision as Europe drags
24 July 2012
Faurecia is to set aside more cash for restructuring for this year and 2013, although insists the announcement by large shareholder, PSA Peugeot Citroen, of plans to shutter its Aulnay plant and slash jobs will not have a major impact.
FRANCE: Faurecia points beyond Europe in H1 results
24 July 2012
French supplier, Faurecia, is insisting its performance outside Europe is evidence of solid growth, although concedes the Continent is proving a significant headache.
FRANCE: Faurecia H1 net income plummets 32% as Europe impacts
24 July 2012
Automotive supplier, Faurecia, has posted consolidated net income plunging to EUR120m (US$145m) from EUR185.8m for the first six months of this year as European woes continue to extract profit from the industry.
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