Faurecia and HELLA announce new joint name

News Source: 

The seventh largest automotive supplier in the world is named FORVIA

The keypoints in short
  • FORVIA’s vision for the future: safety, sustainability, advanced solutions and customized experiences.
  • The name embodies essential core aspects that have always distinguished both companies.
  • FORVIA aims to be a change maker committed to foreseeing and making the mobility transformation happen.
 
Faurecia and HELLA are very pleased to introduce FORVIA, the newly combined Group’s name, following the successful completion of the acquisition of a controlling stake in HELLA by Faurecia on January 31, 2022.
 
Safety, sustainability, advanced solutions and customized experiences.
 
Resolutely looking FORward and committed to drive the mobility transition on roads or VIAsFORVIA is about the movement and the necessary agility as well as the newly combined Group’s commitment, confidence and action.
 
FORVIA is uniquely positioned to grow and benefit from strategic drivers transforming the automotive industry. Its vision for the future is built on four pillars: safety, sustainability, advanced solutions and customized experiences.
 
A new start into a common future
 
Patrick Koller, Chief Executive Officer of Faurecia, declared: “We are FORVIA ! This new name reflects core elements of our Faurecia and HELLA brands, as well giving a good translation of our shared purpose  – inspiring mobility. This new Group represents 150,000 talented individuals across more than 40 countries inspired by one vision, speaking with one voice and working as one team. As FORVIA, we are shaping safe, sustainable, advanced and customized mobility for today’s and tomorrow’s generations.”
 
Rolf Breidenbach, Chief Executive Officer of HELLA, added: “FORVIA captures the close cooperation between Faurecia and HELLA excellently. The name embodies essential core aspects that have always distinguished both companies - such as dynamism, vision, passion, solution orientation, customer proximity and community spirit. At the same time, FORVIA is a clear signal of a new start into a common future".
 
FORVIA will have strategic oversight of Faurecia and HELLA, which will continue to operate as two independent legal companies, closely collaborating to create sustainable value for all stakeholders through technology solutions and synergies generated in the best interest of both companies.
 
Under FORVIA, both companies will keep their legal names as Faurecia SE and HELLA GmbH & Co. KGaA. They will communicate under FORVIA used as an umbrella name. Products will continue to be marketed and distributed under their current brands.
 
About FORVIA
 
FORVIA comprises the complementary technology and industrial strengths of Faurecia and HELLA. With over 300 industrial sites and 77 R&D centers, 150,000 people, including more than 35,000 engineers across 40+ countries, FORVIA provides a unique and comprehensive approach to the automotive challenges of today and tomorrow. Composed of 6 business groups with 24 product lines, and a strong IP portfolio of over 14,000 patents, Forvia is focused on becoming the preferred innovation and integration partner for OEMS worldwide. FORVIA aims to be a change maker committed to foreseeing and making the mobility transformation happen.

 

Find more information at HELLA group website and Faurecia website.
 

TrendForce 2020-2021 Global Automotive LED Product Trend and Regional Market Analysis
Release Date:
1. PDF- 30 June 2020 (14 Pages Updated on 30 June 2021)
2. EXCEL- 30 June 2021 and 31 December 2021
Language: Traditional Chinese / English

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E-mail : Perrywang@trendforce.cn
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