Forvia : French Auto Parts Maker Forvia Plans Sale of Lifecycle Solutions Amid Deleveraging Strategy
Forvia (B1/BB-), the French auto parts manufacturer, aims to sell its Lifecycle Solutions business unit , which focuses on sustainable mobility and the circular economy, according to BBG. In 2024, Lifecycle Solutions represented only 4% of Forvia's revenues (12% of Hella's revenues). Depending on the transaction price and the use of proceeds, the asset disposal could help Forvia achieve its deleveraging target . However, this move raises questions, as sustainability is one of the key pillars of their net-zero strategy by 2045. In the most recent management call, the company stated that s...