Nanterre (France), April 26, 2022 FIRST-QUARTER 2022 SALES Q1 2022 SALES OF €5.3bn, UP 33% ON A REPORTED BASIS (including first two months of consolidation of HELLA)ORGANIC SALES GROWTH OF +1.1% ...

FORVIA HELLA: Preliminary figures for 2023 and outlook for 2024 published, competitiveness program for Europe announced 16.02.2024 / 07:00 CET/CEST ...

TRAVERSE CITY, Mich. — Forvia, the French supplier formed by Faurecia's acquisition of Hella, came into being in large part because of Faurecia's need to add more software engineers to its ranks ...

French automotive group Faurecia and German car parts supplier Hella said on Monday that they have merged into a group called Forvia, which aims for its sales revenue to reach $37.72 billion in 2025.

Through Forvia, both companies will keep their legal names as Faurecia SE and Hella GmbH & Co KGaA. They will communicate with Forvia used as an umbrella name.

Schäferbarthold had been CFO at the German lighting supplier since 2016. Favre is a former executive at Faurecia, which purchased Hella in 2022 and now operates as Forvia.

On February 1, Faurecia completed the USD 6 billion acquisition of a controlling interest in Hella, announced on 14 August, 2021. Post this, Faurecia secured a total of 79.5% of the shares in Hella.

Hella said Feb.4 that CEO Rolf Breidenbach would leave his position by June 30 but would continue in an advisory role. Faurecia's 5.3 billion euro ($5.95 billion) acquisition of the stake in Hella ...