PARIS – Faurecia will review all its business activities under 1 billion euros ($1.1 billion), finance chief Michel Favre said, as the supplier ramps up its divestment plan following its acquisition of German lighting supplier Hella.
"We are building a very powerful group, so we need to focus on the key business," Favre said in Faurecia’s first-quarter revenue call with analysts, where he ruled out plans to sell the group's clean mobility business.
"All activities which are below 1 billion euros are under scrutiny," he said, without saying how this would be calculated.