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Faurecia announces retirement of North American leader


According to a statement by the European seating and emissions systems supplier, Mike Heneka will retire from his position of president of Faurecia North America Inc. from March 1. Heneka, who was responsible for a massive expansion strategy in the United States, will be replaced by Mark Stidham, president of Faurecia North America’s emissions control technologies unit as the new chief ...
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Europe: Faurecia increases dividends on higher profit
Faurecia SA, Europe’s biggest car interior supplier, has announced it would move to increase the annual dividends after its second-half profit soared by 29 percent thanks to increased demand from ...
Europe: suppliers follow the megatrends and rewards come in
Numerous European suppliers, such as Faurecia and Valeo have previewed a half to full decade window of increased expansion, mainly buoyed by the latest auto industry megatrends. The latest report shows ...
France’s Faurecia forecasts double sales in China by 2018
French auto parts supplier Faurecia – partly owned by PSA Peugeot Citroen – announced during its investor day that it outlined the necessary strategy that would lead to doubling sales ...
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 ...
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 ...

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