Who Owns Faurecia?

Faurecia was created in 1997 when PSA Peugeot Citroen merged its automotive equipment arm ECIA with Bertrand Faure, a French seat and components maker whose own roots reached back to 1914. PSA floated a minority of the new company in 1997, and Faurecia grew into one of the world's largest automotive suppliers through the 2000s, specializing in seats, interior systems, and emission control technologies.

The company nearly collapsed in the 2008 to 2009 crisis, burdened by debt and collapsing vehicle production, before recovering through restructuring and a series of acquisitions: it bought Ford's interior plants, expanded in China, and in 2018 acquired Clarion, the Japanese electronics maker, seeding what became its electronics and cockpit business.

The defining deal came in 2021 and 2022, when Faurecia acquired control of HELLA from the Hueck family for about 6 billion euros. In 2022 the combined group rebranded as FORVIA, merging two top-ten global suppliers into a single entity covering seating, interiors, clean mobility, electronics, lighting, and lifecycle solutions. The Faurecia name was retained for the group's original business lines while the corporate identity went global.

Under CEO Martin Fischer from March 2025, FORVIA embarked on a portfolio sharpening that culminated in the planned divestiture of its Interiors business group, announced with 2025 results in February 2026. The group posted a full-year net loss of 2.1 billion euros for 2025, driven largely by non-cash charges tied to that rationalization, while operating margin improved and net debt fell to 6.0 billion euros.