Faurecia announces today that its Faurecia Automotive Seating and Interior Systems activities have been selected by the Volkswagen Group as strategic partners within the “Future Automotive Supply Tracks” (FAST) corporate initiative.
This nomination is a confirmation of Faurecia’s significant performance in the supply of automotive seat structures and instrument panels for Volkswagen Group vehicles.
“It is a great honor for Faurecia to have been chosen by the Volkswagen Group as a strategic partner. This further development of our partnership with our leading customer will enable us to accelerate the deployment of our leading-edge technologies in the fields of sustainable mobility and enhanced life on-board,” said Yann Delabrière, Chairman and CEO of Faurecia.
The Volkswagen Group had announced on July 31, 2015 the nomination of 44 suppliers who will be collaborating with the Group on a new common strategic level under the FAST initiative. With the FAST initiative, the Volkswagen Group is working together with its suppliers to respond to the challenges and accelerating technology changes taking place in the automotive industry. The aim of this initiative is to successfully implement joint technological innovations ever faster than in the past and to realize vehicle projects worldwide even more efficiently and effectively with the Volkswagen Group.
For many years, the Volkswagen Group has consistently been Faurecia’s first customer worldwide, with close to 25% of product sales generated with the Audi, Seat, Škoda and Volkswagen brands.
Faurecia is one of the world's largest automotive equipment suppliers with four Business Groups: Automotive Seating, Emissions Control Technologies, Interior Systems and Automotive Exteriors. In 2014, the Group posted total sales of €18.8 billion. At December 31, 2014, Faurecia employed 100,000 people in 34 countries at 330 sites and 30 R&D centers. Faurecia is listed on the NYSE Euronext Paris stock exchange and trades in the U.S. over-the-counter (OTC) market. For more information, visit: www.faurecia.com
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