Mexican Media Brands
Faurecia Forms Parts Venture with China’s Changan
Faurecia SA has agreed to establish a joint venture with Changan Automobile Group to produce automotive interior components in China.
#interior
Share
Faurecia SA has agreed to establish a joint venture with Changan Automobile Group to produce automotive interior components in China.
Faurecia says the companies will invest a total of 293 million yuan (€36 million) in the 50:50 venture, called CSM Faurecia Automotive Systems Co. The partners will erect factories in Hangzhou and Shenzhen. Faurecia will transfer an existing plant in Chongqing to the venture.
The venture plans to supply parts to Changan's joint ventures with Ford Motor Co. and PSA Peugeot Citroen.
Faurecia, which generated €1.5 billion yuan in China last year, aims to boost its sales there to €3.3 billion by 2016.
RELATED CONTENT
-
Toyota, Infiniti, Lincoln and New York
At the New York Auto Show last week, Toyota revealed a concept vehicle—a small four-wheel drive vehicle—that was designed at Calty Design Research in Newport Beach, California.
-
Is Samsung More Clever Than Apple?
Admittedly, one would look at that question, think about the Galaxy Note 7 debacle, and think not.
-
On the Nissan Titan XD: The Industrial-Strength Pickup
While Nissan will have various cabs and powertrain offerings for its all-new pickup, it is starting with a crew cab and a V8 turbodiesel to underscore the fact that this is a serious truck.