-The Company is a French automotive supplier divided into four business groups:
- Clean Mobility
- Clarion Electronics
-The Company’s Top 5 end customers comprised 64.0% of its net sales in the fiscal year ended December 31, 2020, compared to 66.7% in 2019 and 67.8% in 2018. Despite the effect of the Covid-19 pandemic, the Company has continued to further diversify its customer base in the fiscal year ended December 31, 2020.
-On January 30, 2020, the Company completed the acquisition of SAS and integrated it within its Interiors segment. Previously, SAS was held at 50% and consolidated by the equity method. On March 28, 2019, the Company completed the acquisition of Clarion, making Clarion a wholly owned subsidiary of the Company. The Company combined Clarion with previous acquisitions of Parrot Automotive and Coagent Electronics to form the Clarion Electronics Business Group.
-According to its 2021 Capital Markets Day Presentation, the Company’s has the following market positions:
- The Company is market leader in seating frames and mechanisms and within the top 3 in complete seats. Overall, the Company’s Seating segment has 12% market share.
- The Company is market leader in instrument panels and door panels, and in the top 3 in center consoles. The Company is market co-leader in interior modules with the acquisition of SAS. Overall, the Company’s Interiors segment has a 14% market share.
- The Company has a 30% market share in sensor fusion parking systems and a 15% market share in surround view systems.
-Hella and the Company signed an agreement on the combination of the two companies. As part of the transaction, the Company will acquire the 60% stake held by the Hella family. In addition, the Company has announced a voluntary public tender offer to acquire the remaining Hella shares at an offer price of EUR 60 per share (gross offer price of EUR 60.96 including the expected dividend of EUR 0.96 per Hella share). By combining their activities, Hella and the Company will become the 7th largest global automotive supplier. By combining their respective strengths, Hella and the Company aim to further expand their market position, particularly in key growth areas such as electric mobility, automated driving and vehicle interior design, and to further strengthen their position across customers and regions. (From a press release on August 14, 2021)
-The Company is listed on Euronext Paris S.A.
-As of December 31, 2020, Peugeot S.A. held 39.34% of the Company’s capital stock and 56.02% of the Company’s voting rights.
-Groupe PSA launched the sale of 9,663,000 Company shares, representing approximately 7% of the Company’s share capital, further to the press release published by Groupe PSA relating to the merger process between FCA and Groupe PSA. The transaction will be conducted via an institutional private placement by way of an accelerated bookbuilding. The cash proceeds from this disposal are expected to be distributed to the Stellantis shareholders along with the distribution in kind of the remaining 39% stake in the Company. The final terms of the placement are expected to be announced on October 29, 2020 at the latest. The settlement and delivery of the sale is expected to occur on November 2, 2020. (From a press release on October 28, 2020)
-Seating mechanisms and mechatronics
-Electronic and pneumatic systems
-On-board seating electronics
-Seat-integrated physiological sensors
-Smart seating actuators
-Advanced Versatile Structure seat with integrated safety features including airbags and seatbelts
-Complete exhaust systems
-Diesel particulate filters
-Exhaust heat recovery systems
-Exhaust heat recovery manifolds
-Ammonia storage and delivery systems
-Battery top covers
-Full battery housing solutions
-ASDS de-NOx systems
-Low-pressure exhaust gas recirculation systems for gasoline system
-Compact exhaust heat recovery systems
-Electrically heated catalysts
-Hydrogen storage systems
-Hydrogen stack systems
-Decorative trim and components
-Voice control systems
-Integrated radiant panels
-Morphing Instrument Panel which shifts based on vehicle driving mode
Faurecia-Clarion Electronics products link
-Active noise control systems
-Exciters for automotive interior sound surfaces to create a speakerless solution
-Digital sound tuning systems
-Sound and smart headrests with integrated speakers and microphones
-Near infrared cameras
-Sensor data fusion systems
-Artificial intelligence technologies
-Cockpit domain controllers utilizing system-on-a-chip architecture
-In-vehicle infotainment systems
-Rear seat infotainment systems
-Quadview multi-view graphical interface
-Infotainment systems compatible with virtual personal assistants
-Universal remote tuners
-Android-based app library
-Rear and surround view systems
-Camera and lidar cleaning systems
-Automated parking assist systems
-Autonomous pickup solutions
-Large display systems up to 1.5 meters in length
-Flexible display appearances including flat and curved structures
-Color matching display technologies
-Advanced backlighting display technologies
-Force sensing displays
-Displays with active and passive haptic feedback technologies
-Software platform for displays to optimize user experience based on perception and physiology
-Optical bonding technologies
|Dec. 1997||Ecia, a 68% subsidiary of PSA Peugeot Citroen established in 1929, acquired Bertrand Faure, the largest European seat manufacturer established in 1914.|
|Jun. 1999||The merger of Ecia and Bertrand Faure was approved at the Extraordinary General Meetings of shareholders of both companies. Renamed as Faurecia.|
|Oct. 2000||Acquired Sommer Allibert. The deal was financed by the PSA Peugeot Citroen Group, which increased its shareholding in the Company to 71.5%.|
|2007||Purchased certain assets of Cadence Innovation in France for EUR 0.4 million.
Acquired a 50% interest in Romania-based Euro Auto-Plastic Systems srl in the Vehicle Interiors business for EUR 9.4 million.
Acquired the 50% interest held by the Duroplast Group in Faurecia Duroplast Mexico for EUR 18.3 million, raising its stake in the company to 100%.
Set up three new companies in China in 2007 - Faurecia (Shanghai) Automotive Systems Co. Ltd., Faurecia Wuhan Automotive Seating Co. Ltd. and Faurecia Qingdao Exhaust Systems Co. Ltd.
Set up one new company in South Korea, Faurecia Trim Korea Ltd.
|2008||Established Faurecia Equipements Automobiles Maroc, in Kenitra, Morocco.
Established Faurecia (Wuhu) Exhaust Systems in China
Established Faurecia Exhaust System Rayong in Thailand
|May 2009||Opened the Global Seat Mechanisms Center in Caligny, France.|
|2010||Acquired EMCON Technologies LLC, a leading exhaust system supplier in Troy, MI, U.S.A.|
|2012||Acquired Plastal France (Plastal S.A.S.), the automotive business of Sora Composites, and Saline, currently operated by Ford Motor Company's Automotive Components Holdings, LLC (ACH).|
|Jul. 2016||The Company divested its Automotive Exteriors business (bumpers and front-end modules) to Plastic Omnium.|
|Feb. 2017||Invested in TactoTek, a Finnish startup which provides injection molded structural electronic solutions.|
|May 2017||Invested in STELIA Aerospace Composites to design, industrialize and commercialize high-pressure hydrogen tanks made from carbon fiber for fuel cell vehicles.|
|Nov. 2017||Finalized acquisition of a majority stake in Jiangxi Coagent Electronics, which will develop in-vehicle infotainment solutions.|
|Dec. 2017||Invested in Alsentis, a company specializing in capacitive sensor technology and HMI development.|
|Oct. 2018||Completed acquisition of 100% of Parrot Automotive, changing the name of the entity to Parrot Faurecia Automotive.|
|Mar. 2019||Completed acquisition of Clarion Co., Ltd., a automotive electronics company providing systems such as navigation, audio, ADAS, driver monitoring and cockpit domain controllers.|
|Apr. 2019||Integrated Clarion Co., Ltd., with previously acquired Parrot Automotive and Coagent Electronics into the newly formed Clarion Electronics Business Group.|
|Apr. 2019||Acquired majority stake in Swedish company Creo Dynamics, a company which focuses on acoustics and active noise control solutions.|
|May 2019||Invested in Israeli company GuardKnox, a cybersecurity solution provider.|
|Jan. 2020||Completed acquisition of remaining 50% of SAS, a joint venture with Continental focused on development and production of interior modules.|
|Jul. 2020||Acquired IRYStec Software, a company which has developed a software platform to optimize vehicle displays.|
Supplemental Information 1
>>>Business report FY ended Dec. 31, 2006
>>>Business report FY ended Dec. 31, 2007
>>>Business report FY ended Dec. 31, 2008
>>>Business report FY ended Dec. 31, 2009
>>>Business report FY ended Dec. 31, 2010
>>>Business report FY ended Dec. 31, 2011
>>>Business report FY ended Dec. 31, 2012
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>>>Business report FY ended Dec. 31, 2014
>>>Business report FY ended Dec. 31, 2015
>>>Business report FY ended Dec. 31, 2016
>>>Business report FY ended Dec. 31, 2017
>>>Business report FY ended Dec. 31, 2018
>>>Business report FY ended Dec. 31, 2019
Archives of Past Exhibits
Note: A figure in brackets ( ) indicates a loss