Faurecia
Faurecia is a French global automotive supplier headquartered in Nanterre, in the western suburbs of Paris. In 2018 it was the 9th largest international automotive parts manufacturer in the world and #1 for vehicle interiors and emission control technology. One in three automobiles is equipped by Faurecia. It designs and manufactures seats, exhaust systems, interior systems and decorative aspects of a vehicle.
As of December 2019, French car manufacturer Groupe PSA is Faurecia's controlling shareholder, holding around 46.34% stake, though Faurecia run as an independent company.
Faurecia's customers include the Volkswagen Group, PSA Peugeot Citroën, Renault-Nissan, Ford, General Motors, BMW, Daimler, Fiat/Chrysler, Toyota, 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.Origins
Faurecia was formed in 1998 by two automotive component suppliers, Bertrand Faure and ECIA.Products
