PARIS - Faurecia, the new company formed by the merger of seat maker Bertrand Faure and PSA/Peugeot-Citroen partsmaker ECIA, will be a major supplier for the new French-built Toyota Yaris.
Faurecia will supply seats, exhaust systems and plastic dashboard components for the
supermini. It is the first time that either Bertrand Faure or ECIA has won supply contracts with Toyota. Johnson Controls supplies seats at Toyota's assembly plant at Burnaston, UK.
The deal is valued at FF400 million ($66 million) to FF450 million annually when Yaris production reaches full capacity of 150,000 units, according to a Faurecia spokesman.
Toyota will start Yaris production at its new plant in Valenciennes in northern France in early 2001.
The supply deal includes two contracts for complete seats and complete exhaust systems with catalytic converters, silencers and manifolds. A third contract is for dashboard parts, such as the glove compartment. Toyota will assemble the dashboard by itself.