Faurecia to sell SAS Autosystemtechnik to Samvardhana Motherson for €540m

Faurecia to sell SAS Autosystemtechnik to Samvardhana Motherson for €540m

French automotive supplier Faurecia, a FORVIA Group company, will divest SAS Autosystemtechnik, a cockpit modules business, to Samvardhana Motherson International, an Indian automotive industry company, for €540 million. The cockpit module integrator, which is based in Germany, caters to the automotive industry with assembly and logistics services. Created in 1996 as a joint venture between […]

HELLA to quit HBPO joint venture in €290m deal with Plastic Omnium

HELLA to quit HBPO joint venture in €290m deal with Plastic Omnium

HELLA, a German automotive part supplier owned by Faurecia, has agreed to sell its stake of 33.33% in Hella Behr Plastic Omnium (HBPO) for €290 million to its joint venture partner Plastic Omnium. Based in Germany, HBPO offers individual module solutions for cockpit and front-end modules (FEM), air control systems like Rollo, Active Grille Shutter, […]