FORVIA's 1st Anniversary
Time flies and it’s already been a year since Faurecia and FORVIA HELLA came together to create #FORVIA, the world’s 7th largest automotive technology player combining complementary offers and strengths of the two companies. Today, we celebrate the Group’s 1st anniversary with great pride !
2022 has been an historic year for the Group. The progress we’ve made since “Day One” is outstanding: integration is never an easy process, but Faurecia and HELLA teams have been working together closely and have identified many synergies that are already creating value.
FORVIA's strategy, presented at our first joint Capital Markets Day in November, has been welcomed by our stakeholders. Our expanded, diversified, cutting-edge technology portfolio has brought us new high value-added contracts. The 2023 CES in Las Vegas perfectly illustrated how stronger we are together and allowed our customers to discover a wide range of our innovations in the industry's most promising areas.
Yet this year has also been marked by a complex economic, geopolitical and health environment. But our step-change in scale and scope is a powerful lever to manage risks. Together, we are better equipped to navigate uncertainty. POWER25 financial roadmap, our €1 billion divestment program of non-strategic assets by the end of 2023, our focus on cash will allow us to generate sustainable growth – we are targeting more than €30bn sales by 2025 – and ultimately make FORVIA a sustainable mobility tech leader.
Tech and sustainable: these are key words for FORVIA.
In June, the renowned Science Based Targets initiative approved our 2045 Net Zero objective. This is a world first in the automotive industry, and a great source of pride for our young company. At our Sustainability Day held in Paris last November, our actions and innovations related to sustainable materials and the launch of MATERI’ACT raised interest among our customers and our ecosystem of partners. This is very promising!
We want to be the game changers of our industry – as reflects our company’s mission: We pioneer technology for mobility experiences that matter to people. “That matter to people” is the key: all our products must answer the needs of end-users and remain affordable.
I heartily thank FORVIA teams for their work and determination. Their energy, performance and commitment made this 1st year a success!
Technical Leader Fasteners
1yDaimlerChrysler lasted less than 10 years. Thanks to the internet, it is very easy to study this case & to learn from it. The success is done in the working teams who trust each other & who work closely together. Bittersweet to celebrate during such disruptive times. Anyhow, I am glad & proud as well that we did this merger. Happy belated 2nd birthday!
Create your future, don't wait for it to come.
2y👏👏👏