Forvia

Forvia SE
FormerlyFaurecia SE (until 2023)
Company type
Public (Societas Europaea)
Euronext Paris: EO
CAC Mid 60
ISINFR0000121147 Edit this on Wikidata
IndustryAutomotive
Founded1997
Headquarters
Nanterre
,
France
Number of locations
35 countries
Area served
International
Key people
Martin Fischer, CEO
ProductsAutomotive seating, interiors and emissions control technologies
ServicesDesign and manufacture of automotive sub-systems for the Volkswagen Group, Stellantis, the Renault–Nissan–Mitsubishi Alliance, Ford, General Motors, BMW, Daimler, Toyota, Hyundai-Kia, BYD and other automotive OEMs
RevenueIncrease €25,46 billion (2022)
Increase €1,11 billion (2022)
Decrease €-381,8 million (2022)
Owners
Number of employees
157,460 (2022)
Subsidiaries
Websitewww.forvia.com

Forvia SE (stylized in all-uppercase), formerly Faurecia SE, is a French global automotive supplier headquartered in Nanterre, in the western suburbs of Paris. In 2022 it was the 7th largest international automotive parts manufacturer in the world and #1 for vehicle interiors and emission control technology. One in two automobiles is equipped by Forvia.[1] It designs and manufactures seats, exhaust systems, interior systems (dashboards, centre consoles, door panels, acoustic modules) and decorative aspects of a vehicle (aluminium, wood).

Forvia's customers include the Volkswagen Group, Stellantis, Renault–Nissan–Mitsubishi, Ford, General Motors, BMW, Daimler, Toyota, Tesla, Inc., Hyundai-Kia, Jaguar Land Rover and BYD among others. More than 20% of the 2024 turnover were generated in China.

Forvia employs 8,300 engineers and technicians. The company operates over 300 production sites and 35 R&D centres in 37 countries worldwide, with 403 patents filed in 2017. About half of these sites are manufacturing plants operating on the just-in-time principle. Forvia (as Faurecia) joined the United Nations Global Compact in 2004.

History

The company was at the core of a bribery scandal in 2006 which led to the resignation and legal conviction of its then CEO Pierre Lévi.[2]

In 2022, the company merged with German auto parts manufacturer Hella, the merged business being named Forvia.

In April 2024, L&T Technology Services partnered with Forvia Forge at €45 million deal.[3]

Origins

Faurecia was formed in 1997 by two automotive component suppliers, Bertrand Faure and ECIA.[4]

It designs and manufactures seats, exhaust systems, interior systems (dashboards, centre consoles, door panels, acoustic modules) and decorative aspects of a vehicle (aluminium, wood).

References

  1. ^ "Group - Forvia". www.faurecia.com. Retrieved 2019-06-27.
  2. ^ Kanter, James; Dougherty, Carter (2006-08-02). "Scandal widens in European car sector - Business - International Herald Tribune". The New York Times. ISSN 0362-4331. Retrieved 2019-12-11.
  3. ^ "L&T Technology Services and FORVIA Forge €45 Million Alliance to Accelerate Clean Mobility Engineering". Bru Times News.
  4. ^ "History of Faurecia S.A. – FundingUniverse". www.fundinguniverse.com. Retrieved 2019-02-11.

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