Faurecia increased sales in the third quarter by 7 percent to 4.4 billion euros and the company expects its full-year revenue to rise by as much as 4 percent on the 18 billion euros it reported in 2013. To maintain the momentum, CEO Yann Delabriere is counting on the megasupplier to continue expanding its product offerings to provide high-tech solutions to meet customer demands anywhere in the world. Delabriere recently met with Automotive News Europe Correspondent Bruce Gain.
Will megasuppliers such as Faurecia soon rule the industry?
Yes, this is a trend and it is supported by two major industry drivers: globalization and technology. That is what is also driving the consolidation of the Tier 1 supplier base. Automakers are willing and ready to launch their vehicles and platforms across the globe while offering the same level of quality and engineering anywhere in the world.
We need to offer the same level of engineering, capacity and quality everywhere. To do this, you need to be a large supplier. There is also a need for suppliers to provide more and more technology to the automaker and large suppliers are capable of investing massively in technology to deliver those technologies.