NEWS FROM THE STANDARD |
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Peugeot Hitches Onto Covisint
May 22 2001 01:30 AM PDT
PROFILE |
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Faurecia is one of Europe's largest automotive seat makers. Car seats account for half of total sales, but the company also manufactures exhaust systems, vehicle interiors, and front-end systems for cars. Although Europe accounts for 80% of sales (France alone generates 35%), Faurecia is expanding into the US. It has supply contracts with General Motors and owns Faurecia Exhaust Systems, a top exhaust system maker in the US. Bertrand Faure and ECIA, a PSA Peugeot Citroën subsidiary, merged in 1999 to create Faurecia. Peugeot is Faurecia's largest customer, as well as its majority owner (72%). Faurecia has also acquired the automotive interior operations of Sommer Allibert.
COMPETITION |
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ArvinMeritor, Inc. (ARM)
Johnson Controls, Inc. (JCI)
Lear Corporation (LEA)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 5,498.60
1-Yr. Sales Growth: 28.1%
Employees: 36,390
Revenue per employee: $151,101.95
KEY PEOPLE |
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Philippe Douay
CFO
CONTACT INFO |
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276, rue Louis Blériot
92641 Boulogne Cedex, France
Phone: 33-1-41-22-70-00
Fax: 33-1-41-22-70-07
Online: Web Site
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