Faurecia SE (EPED.PA)

Latest Key Developments (Source: Significant Developments)

Faurecia Q3 Sales At EUR 4.19 Billion, Up 4.3% On Reported Basis
Thursday, 17 Oct 2019

Oct 17 (Reuters) - FAURECIA SE ::Q3 SALES AT EUR 4.19 BILLION, UP 4.3% ON REPORTED BASIS.Q3 SALES DOWN 3.7% AT CONSTANT CURRENCIES AND EXCLUDING. CLARION SCOPE EFFECT.SAYS WORLDWIDE AUTOMOTIVE PRODUCTION NOW EXPECTED TO BE DOWN BY CLOSE TO 6% IN 2019 VERSUS 2018.2019 GUIDANCE FULLY CONFIRMED."WE ARE ON TRACK FOR A RECORD YEAR OF ORDER INTAKE IN 2019" - CEO. Full Article

Faurecia to buy the remaining 50% of its SAS JV with Continental
Monday, 14 Oct 2019

Oct 14 (Reuters) - Faurecia ::TO ACQUIRE REMAINING 50% OF ITS SAS JOINT-VENTURE FROM CONTINENTAL <<>>..SAYS THIS WILL EXPAND SYSTEMS INTEGRATION OFFER TO COVER ALL INTERIOR MODULES..SALES IN UNIT ARE EXPECTED TO SHOW STRONG GROWTH IN 2019 AND SHOULD REACH AROUND EUR 700 MILLION..PROJECT WOULD BE IMMEDIATELY ACCRETIVE TO FAURECIA IN OPERATING MARGIN, NET INCOME AND ROCE..WITH AN ORDER BOOK SHOWING STRONG GROWTH POTENTIAL, SALES SHOULD EXCEED EUR 1 BILLION BY 2024 (REPRESENTING A CAGR OF AROUND 9%)..WOULD ACQUIRE THE 50% SHARE OF JOINT VENTURE FROM CONTINENTAL FOR EUR 225 MILLION ($248.13 MILLION)(EXCLUDING CASH)..CLOSING WOULD BE EXPECTED IN EARLY 2020.. Full Article

Faurecia Acquired Majority Stake In Creo Dynamics
Wednesday, 10 Apr 2019

April 10 (Reuters) - FAURECIA SA ::ACQUIRED A MAJORITY STAKE IN THE SWEDISH COMPANY CREO DYNAMICS. Full Article

Arcure Announces Strategic Partnership With Faurecia On Work Security At Industrial Sites
Thursday, 14 Mar 2019

March 14 (Reuters) - Arcure Sa ::STRATEGIC PARTNERSHIP WITH FAURECIA <<>> ON WORK SECURITY AT INDUSTRIAL SITES. Full Article

Japan Display To Team Up With Faurecia To Market Cutting-Edge Car Panels - Nikkei
Wednesday, 27 Feb 2019

Feb 27 (Reuters) - Nikkei : :JAPAN DISPLAY TO TEAM UP WITH FAURECIA TO MARKET NEXT-GENERATION SCREENS FOR AUTOMATED VEHICLE COCKPITS - NIKKEI. Full Article

Faurecia Issues 700 Million Euros Of Schludscheindarlehen
Monday, 21 Jan 2019

Jan 21 (Reuters) - FAURECIA SA ::FAURECIA ISSUES €700 MILLION OF SCHLUDSCHEINDARLEHEN.TRANSACTION IS PART OF THE PROGRAMME TO FINANCE THE ACQUISITION OF CLARION CO., LTD,.€700 MILLION TRANSACTION IS STRUCTURED INTO SEVERAL TRANCHES IN EUR AND USD, WITH MATURITIES OF 4, 5 AND 6 YEARS..MARGIN ABOVE REFERENCE RATES, FIXED OR VARIABLE, IS BELOW 1.80% ON AVERAGE.COMMERZBANK AND HELABA (LANDESBANK HESSE-THÜRINGEN GIROZENTRALE) WERE THE ARRANGERS OF THE ISSUE,. Full Article

Faurecia: Grégoire Olivier Co-Opted To Replace Carlos Tavares
Monday, 15 Oct 2018

Oct 15 (Reuters) - FAURECIA SA ::FAURECIA'S BOARD OF DIRECTORS CO-OPTED GRÉGOIRE OLIVIER TO BOARD TO REPLACE CARLOS TAVARES FOR REMAINING DURATION OF CARLOS TAVARES' MANDATE. Full Article

Faurecia Invests In Enogia
Friday, 16 Mar 2018

March 16 (Reuters) - FAURECIA ::BOOSTS ITS EXPERTISE IN ENERGY RECOVERY TECHNOLOGY WITH INVESTMENT IN ENOGIA.FRENCH START-UP ENOGIA DEVELOPED AND PATENTED AN HERMETIC, COMPACT HIGH-SPEED TURBINE. Full Article

Faurecia Announces New Blue Springs Facility, Creation Of More Than 300 Jobs
Friday, 16 Feb 2018

Feb 15 (Reuters) - Faurecia Sa ::FAURECIA ANNOUNCES NEW BLUE SPRINGS FACILITY, CREATION OF MORE THAN 300 JOBS. Full Article

Faurecia Announces Signing A MOU For A Five-Year Collaboration With Accenture
Friday, 5 Jan 2018

Jan 5 (Reuters) - FAURECIA ::ANNOUNCES SIGNING A MEMORANDUM OF UNDERSTANDING FOR A FIVE-YEAR COLLABORATION WITH ACCENTURE <<>>.COLLABORATION TO ACCELERATE INNOVATION FOR MOBILITY SERVICES. Full Article

Faurecia SE News

Breakingviews - Value fight would drive Peugeot into cul-de-sac

MILAN (Reuters Breakingviews) - Investors in Peugeot have suffered an unexpected reverse. Shares in the French carmaker have dipped since Chief Executive Carlos Tavares unveiled plans for a merger with Fiat Chrysler Automobiles. Demanding better terms seems futile, however. Peugeot’s largest shareholders are expected to back the plan, and a vote against the project would undermine the French group’s top asset: Tavares himself.

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