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Faurecia up 12.2% organically in first quarter

The French automotive seating and accessories manufacturer is up 12.2% on an organic basis in all regions in the first quarter of 2021, with sales in China exceeding pre-Covid sales of the first quarter of 2019. The company has estimated a worldwide automotive production of 76.6 million vehicles in 2021, which remains valid.

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Gradual recovery for Faurecia in second half

The French automotive seating and parts manufacturer said that the first half of 2020 was strongly impacted by the global spread of Covid-19, which heavily impacted the automotive industry. In the first quarter of the year, worldwide automotive production fell 22% to 17.2 million vehicles, mostly impacted by China.

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Fosun snaps up Lanvin fashion house

Fosun International Ltd has acquired a majority stake in French fashion house Lanvin for an undisclosed sum as Chinese conglomerates build up their luxury-goods holdings.

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