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PSA’s Faurecia increases first quarter revenue


Faurecia SA, Europe’s biggest car interior maker, partly owned by France’s PSa Peugeot Citroen announced its first quarter revenue grew 3.4% thanks to increased Asian sales and a recovery of the European core market. Faurecia, which is 52% owned by PSA, is moving towards an Asian and North American expansion to alleviate its European dependence – after the region’s market was ...
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Europe: Faurecia profit up 34% thanks to emerging markets
Faurecia, which is Europe’s largest producer of car interiors announced its second-half earnings went up 34% thanks to growing sales in Asia and a welcomed recovery start in the home ...
Faurecia and Magneti Marelli team up for HMI sector
Suppliers Faurecia and Magneti Marelli have joined forces to challenge rivals such as Continental, Delphi, Denso and Harman in the booming and lucrative sector for human-machine interface (HMI) applications. Faurecia and ...
PSA’s Faurecia cuts mid-term goals due to recent acquisitions
Faurecia, the supplier controlled by PSA/Peugeot-Citroen, announced it has trimmed its mid-term sales and margin goals as it digests several acquisitions. Faurecia said it would target revenue of 21 billion euros ...
Magna’s CEO says his company doesn’t need PSA’s Faurecia
The Canadian company's chief executive said in an interview yesterday that auto parts maker Magna International Inc has room to grow, but it won't bid for PSA Peugeot Citroen's stake ...
Report – PSA to sell Faurecia in wake of Dongfeng tie-up
Several sources with knowledge of the situation said the French carmaker PSA Peugeot Citroen is preparing for a possible sale of its Faurecia components division to accompany the tie-up with ...
Faurecia and Michelin Report Profits Down on Europe Slump
During the first half of the year, Michelin and Faurecia reported a 10% drop in profit, as automakers lowered prices on slumping demand in Europe. Michelin, which is the largest tiremaker ...
Faurecia Might Close Eight Plants by 2017, Most of Them Located in Europe
According to an anonymous source Faurecia will close eight plants in the following four years, most of them located in Europe. Most of the facilities to be closed are located in ...
Faurecia Might Sell a Plant in France and Cut Jobs at Another
Faurecia is expected to announce today, July 10th, its plans to sell one of its plants in France and cut jobs at another factory as it struggles with low demand ...
Faurecia Begins Cost-Cutting Strategy at the End of June
French auto-parts maker Faurecia said that its efforts to cut costs in Europe will be in place by the end of June. Faurecia, which is 57% owned by PSA Peugeot Citroen, ...

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