Amanda Bynes

Faurecia is a French company of equipment Automobile.

History

The group is born from the fusion of ECIA, subsidiary of PSA Peugeot Citroen and Epeda-Bertrand Faure. Faurecia remains a subsidiary company with 71,25% of PSA.

In 2001, Faurecia buys automobile equipment To summon-Allibert and integrates a new whole of products: the instrument panel, the interior panel of door and the sound-proofing.

In 2006, Faurecia was the 8th world automobile equipment, while being world number 2 in its principal trades (seats, etc) and absent from others. In 2005, it is the 3rd European automobile equipment (seats, cockpits, systems of exhaust, etc), and 2nd in 2006.

On the types of individual products, Faurecia often occupies a proposal for a choice:

doors and panels of doors: n°1 world;
panels instrument and cockpit: n°1 world;
exhaust: n°2 world, n°1 in Europe;
block before: n°2 world, n°1 in Europe;
seats: n°3 world, n°1 in Europe;
acoustic module: n°3 in Europe.

Today the slogan of the group is “the technical perfection, automobile passion”.

See World classification of the companies leader by sector

Faurecia business

In July 2006, German justice opened an investigation against Pierre Lévi, chairman of Faurecia, bearing into suspicions of payments of bribes to executives of the car manufacturers of BMW and Volkswagen. After having admitted knowing about these intrigues, Pierre Levi with given his resignation to the board of directors of Faurecia on August 2nd 2006. The business would imply the marks Vokswagen, Audi, BMW and Seat, but of other equipment suppliers as Lear would be aimed.

Trades

Faurecia designs, manufactures and markets automobile equipment. The company is present in 28 countries, out of 160 sites, and for a total of 60.000 employees.

In 2006, the Turnover of Faurecia rose to 11,6 billion euros.

Faurecia manufactures the following modules:

seats;
panels instrument and cockpits;
Panels of door S;
acoustic modules;
blocks before;
exhaust.

Management of the firm

Board of trustees

The company does not have a Board of trustees.

Board of directors

With the February 16th 2007:

Chairman and managing director: Yann Delabrière

Yann Delabrière before in load of the financial businesses of PSA Peugeot-Citroen succeeded Gregoire Olivier, named the September 8th 2006; this last remainder in group PSA in load of the management of the programs.

Following the resignation of Pierre Lévi, the management of the firm had been assured, on a purely provisional basis, by:

Jean-Claude Hanus: chairman of the board
Frank Imbert: Managing director by interim.

At May 29th, 2007, AG of the shareholders modifies CA: Sylvie Rucar should thus replace Gregoire Olivier, Jean-Pierre Clamadieu should replace Daniel Dewavrin, Patrick Duverger de Ross Mc In and Robert Peugeot, of Louis Defline.

Financial data

Stock exchange data

Shares quoted with the Bourse de Paris
Member of the index CAC Mid 100
Code Value ISIN = FR0000121147
Face value = euro
Principal shareholders (2005): Floating 28.5%, Peugeot 71.5%.

Main competitor

The american company Johnson Controls is the main competitor of the Faurecia group.

Establishment

The head office of the group is with Nanterre. The site of Brières-the-Seals (the Essonne) is the second strategic localization of the group in France.

Several factories are in the surrounding communes of Flers, like around Sochaux.

See too

PSA Peugeot Citroen
List of the French large companies
World classification of the companies leader by sector

Internet site http://www.faurecia.fr

Sources

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