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Leading automotive parts manufacturer Faurecia has signed a memorandum of understanding to acquire the remaining 50% of its SAS joint venture from Continental.

Details are provided below:

  • •The joint venture was established in 1996 and has become a key player in interior module assembly and logistics
  • The deal will expand Faurecia’s systems integration to cover all interior modules as well as Faurecia’s new product lines such as displays, electronics, sensors and thermal management.
  • Patrick Koller, Fonction de l’auteur CEO of Faurecia said; Following the creation of the Faurecia Clarion Electronics Business Group, this project would enhance our cockpit systems expertise for the Cockpit of the Future. SAS has a strong growth potential and represents an excellent opportunity for Faurecia strategically and financially.

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