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Classified in: Transportation, Business
Subjects: OTC, CXP

Faurecia Strengthens Its Position In Silicon Valley With The Opening Of A New Tech Center

AUBURN HILLS, Mich., Nov. 10, 2017 /PRNewswire/ -- Faurecia, one of the world's largest automotive equipment suppliers, has opened a new tech center in Silicon Valley to strengthen its relationships with automakers, innovative startups, leading universities and new actors in the mobility sector. Faurecia will accelerate its start-up scouting activities in the region and build a technology platform for its Smart Life on Board and Sustainable Mobility innovation ecosystems.  The tech center will host one of the Group's Artificial Intelligence teams.

Patrick Koller, Chief Executive Officer of Faurecia: "The opening of our tech center gives Faurecia a unique opportunity to strengthen its position as the central link between all actors in the mobility sector. The concentration of stakeholders crucial to our ecosystem will allow us to step up our transformation and enable us to offer innovative solutions to attract new customers."

The Group has been active in the region for over five years and has forged strong ties with the local ecosystem, including Stanford University and the world's largest startup accelerator, Plug and Play.

About Faurecia
Founded in 1997, Faurecia has grown to become a major player in the global automotive industry. With 330 sites including 30 R&D centers, 100 000 employees in 34 countries, Faurecia is now a global leader in its three areas of business: automotive seating, interior systems and clean mobility. Faurecia has focused its technology strategy on providing solutions for smart life on board and sustainable mobility. In 2016, the Group posted total sales of ?18.7 billion. 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


SOURCE Faurecia

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