Forvia

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 Faurecia.^[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).

Key Information

Formerly	Faurecia SE (until 2023)
Company type	Public (Societas Europaea)
Traded as	Euronext Paris: EO CAC Mid 60
ISIN	FR0000121147
Industry	Automotive
Founded	1997
Headquarters	Nanterre , France
Number of locations	35 countries
Area served	International
Key people	Martin Fischer, CEO
Products	Automotive seating, interiors and emissions control technologies
Services	Design 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
Revenue	€25,46 billion (2022)
Operating income	€1,11 billion (2022)
Net income	€-381,8 million (2022)
Owners	Franklin Resources (8.99%) Exor (5.05%) Peugeot Invest (3.10%) Bpifrance (2.16%) Dongfeng Motor Hong Kong International (1.97%) BlackRock (3.83%)
Number of employees	157,460 (2022)
Subsidiaries	Clarion Hella (81.6%)
Website	www.forvia.com
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Faurecia'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. Faurecia 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. Faurecia joined the United Nations Global Compact in 2004.

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]

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).

• Official website