The European Commission has now approved the sale of Faurecia Automotive Exteriors to Plastic Omnium, subject to a commitment from Plastic Omnium to divest all of the bumper business in France and a site in Spain as well as the front end module business in Germany.

This business represents sales of EUR700m (US$775.890m) out of the total business sold by Faurecia of EUR1.9bn. In organising the divestiture, Plastic Omnium will seek the best solution for the future of the sites, the employees and the customers.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The closing of the deal is due to take place on 29 July 2016 for the entire perimeter sold by Faurecia. The enterprise value is EUR665m. The divestiture commitment made by Plastic Omnium has no impact on the sale of the business by Faurecia or on the amount of the transaction.

This sale will almost completely eliminate Faurecia's debt. The group will thus be able to accelerate investment in value added technologies for sustainable mobility and the cockpit of the future.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact