Forvia to showcase hydrogen mobility for heavy-duty applications in Sept 2022
The truck model will showcase around 30 lighting and electronics products from Hella, as well as a complete hydrogen storage system from Faurecia, a company release said.
The truck model will showcase around 30 lighting and electronics products from Hella, as well as a complete hydrogen storage system from Faurecia, a company release said.
The group, which sealed its takeover of German automotive lighting group Hella in January, reported an operating profit of 426 million euros ($434.5 million) for the first six months of 2022, corresponding to a margin of 3.7%.
Forvia predicted sales of around 23 billion-24 billion euros this year, with a profit margin of 4%-5%.
Faurecia sealed the purchase in February, creating a combined group named Forvia, which is set to become the seventh-largest automotive supplier in the world.
Under FORVIA, both the companies will keep their legal names as Faurecia SE and HELLA GmbH & Co. KGaA. Faurecia and HELLA will continue to operate as two independent legal companies, closely collaborating to create sustainable value for all stakeholders, an official statement said.