Categories: Automobile

Faurecia exploring asset sales after Hella deal completion, report says

[ad_1]

Deliberations are ongoing and no final decisions on whether to proceed with the disposals have been taken, according to the people. A representative for Faurecia did not immediately respond to requests for comment.

Faurecia agreed to buy Lippstadt-based Hella for 6.8 billion euros ($7.25 billion) last year to gain expertise in power and battery electronics, as well as radar sensors for autonomous-driving systems. The resulting company has been renamed Forvia.

Suppliers continue to reshape their business as the industry’s shift to electric cars with advanced-assistance systems intensifies with a range of countries planning to ban sales of combustion-engine cars.

A strategic review of Hella’s special applications business, which supplies lighting and electronic components to customers ranging from makers of construction machinery to boat builders, was announced in April.

[ad_2]
Source link
Admin

Recent Posts

Choosing the Perfect Kitchen Cabinets in Toronto

Hey there, Toronto homeowners! If you're diving into a kitchen renovation, one of the most…

8 hours ago

Kijangwin is the latest online video gaming provider

Kijangwin is your brand-new go-to destination for all things internet gaming. Whether you're an informal…

3 days ago

How to Style Trendy Clothes Effortlessly

Hey there, fashion enthusiasts! Are you ready to dive into the world of trendy clothes…

4 days ago

How to effectively recover your frozen/stolen funds from fraudulent platforms

Hey there! If you're reading this, there's a good chance you've found yourself in the…

4 days ago

Important things about Core 2 . 0 regarding Hemp Users

Hey there, hemp enthusiasts! If you've been on the hunt for the next big thing…

6 days ago

Exploring the Features and Benefits of Strio

Hey there! Have you ever found yourself tangled up in the world of communication and…

1 week ago