Latest news with #Forvia
Business Insider
a day ago
- Business
- Business Insider
Deutsche Bank Sticks to Its Buy Rating for Forvia (0MGR)
In a report released yesterday, Christoph Laskawi from Deutsche Bank maintained a Buy rating on Forvia (0MGR – Research Report), with a price target of €10.00. The company's shares closed yesterday at €8.85. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Laskawi is a 5-star analyst with an average return of 27.2% and a 68.48% success rate. Laskawi covers the Industrials sector, focusing on stocks such as Renault, Rheinmetall, and Forvia. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Forvia with a €8.43 average price target.
Yahoo
11-06-2025
- Business
- Yahoo
FORVIA FURTHER IMPROVES ITS DEBT PROFILE BY USING PROCEEDS FROM AN ADDITIONAL ISSUANCE OF SENIOR NOTES DUE 2030 AND AVAILABLE CASH TO REPURCHASE EXISTING 2027 SUSTAINABILITY-LINKED NOTES
Not for distribution, directly or indirectly, in the United States, Canada, Australia or Japan. NANTERRE (FRANCE)JUNE 11, 2025 FORVIA FURTHER IMPROVES ITS DEBT PROFILE BY USING PROCEEDS FROM AN ADDITIONAL ISSUANCE OF SENIOR NOTES DUE 2030 AND AVAILABLE CASH TO REPURCHASE EXISTING 2027 SUSTAINABILITY-LINKED NOTES FORVIA issued an additional €250 million of additional Senior Notes due 2030 Proceeds from the issuance and available cash used to fund the repurchase of €300 million of FORVIA's outstanding 2.750% Sustainability-Linked Notes due February 2027 (the '2027 Sustainability-Linked Notes') in a cash tender offer (the 'Tender Offer') FORVIA has successfully closed its offering of €250 million in aggregate principal amount of additional senior notes due 2030 (the 'New Notes'), which will be consolidated and form a single series with the existing €750 million senior notes due 2030 issued on 24 March 2025 after the expiry of a 40-day distribution compliance period. The associated Tender Offer for the repurchase of FORVIA's existing 2027 Sustainability-Linked Notes also settled today. With the success of the Tender Offer, and using available cash, FORVIA decided to increase the maximum amount of the 2027 Sustainability-Linked Notes accepted for tender in the Tender Offer to, and has accepted the tenders of, €300 million in aggregate principal amount of the 2027 Sustainability-Linked Notes, which have now been cancelled. This Tender Offer reduces the outstanding amount of the 2027 Sustainability-Linked Notes, which now stands at €900 million against the initial €1.2 billion NOTICE This document is not an offer of securities for sale in the United States. The notes being offered by Forvia (the 'New Notes") may not be sold in the United States unless they are registered under the Securities Act or are exempt from registration. The offering of New Notes described in this announcement has not been and will not be registered under the Securities Act, and accordingly any offer or sale of New Notes may be made only in a transaction exempt from the registration requirements of the Securities Act. Nothing herein shall be construed as an offer to purchase or a solicitation of an offer to sell or buy any notes, including the 2027 Sustainability-Linked Notes. Nothing herein constitutes a notice of redemption for the 2027 Sustainability-Linked Notes. It may be unlawful to distribute this document in certain jurisdictions. This document is not for distribution in Canada, Japan or Australia. The information in this document does not constitute an offer of securities for sale in Canada, Japan or Australia. Promotion of the New Notes in the United Kingdom is restricted by the Financial Services and Markets Act 2000 (the 'FSMA'), and accordingly, the New Notes are not being promoted to the general public in the United Kingdom. This announcement is directed solely at (i) persons located outside the United Kingdom, (ii) persons with professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the 'Order'), (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order and (iv) persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the FSMA) in connection with the issue or sale of any securities of the Issuer or any member of its group may otherwise lawfully be communicated or caused to be communicated (all such persons in (i) – (iv) above being 'relevant persons'). Any investment activity to which this announcement relates will only be available to and will only be engaged with relevant persons. Any person who is not a relevant person should not act or rely on this announcement. The offer and sale of the New Notes will be made pursuant to an exemption under the Prospectus Regulation from the requirement to produce a prospectus for offers of securities. This announcement does not constitute a prospectus within the meaning of the Regulation EU 2017/1129, as amended (the "Prospectus Regulation") or an offer to the public. The offer and sale of the New Notes will be made pursuant to an exemption under the UK Prospectus Regulation from the requirement to produce a prospectus for offers of securitieThis announcement does not constitute a prospectus within the meaning of the Prospectus Regulation as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the 'UK Prospectus Regulation') or an offer to the public. MiFID II professionals/ECPs-only/No PRIIPs KID – Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as the New Notes are not available to retail investors in EEA. MiFIR professionals/ECPs-only/No UK PRIIPs KID – Manufacturer target market (UK MIFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No UK PRIIPs key information document (KID) has been prepared as the New Notes are not available to retail investors in the UK. Neither the content of Forvia's website nor any website accessible by hyperlinks on Forvia'swebsite is incorporated in, or forms part of, this announcement. The distribution of thisannouncement into any jurisdiction may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. No money, securities or other consideration is being solicited, and, if sent in response to the information contained herein, no money, securities or other consideration will be accepted. Attachment 20250611 RESULT OF TENDER OFFER ON 2027 SLB PR
Forbes
05-06-2025
- Automotive
- Forbes
China Poses ‘Existential Threat,' Engineering Company Executive Says
A Chinese-made BYD Shark hybrid truck on display outside a Society Automotive Analysts event on ... More Thursday in Auburn Hills, Michigan. Traditional automakers face an 'existential threat' from China's auto industry which is moving faster to design vehicles and reduce costs, an executive of an engineering services company said Thursday. 'They can change incredibly fast," said Terry J. Woychowski, president, automotive of Caresoft Global, a Michigan-based engineering services company. Caresoft analyzes vehicles for customers, including automakers and suppliers. Chinese automakers can develop new models in 14 to 18 months compared with 36 to 48 months for traditional automakers, Woychowski said. Such traditional auto companies are 'three to five years behind from a technology standpoint,' he said. Chinese automakers are using artificial intelligence extensively during design, according to a Caresoft slide that accompanied the talk. The executive spoke at a Society of Automotive Analysts event. It was held at an Auburn Hills, Michigan, regional office of Nanterre, France-based automotive supplier Forvia. Outside the Forvia building, Caresoft had two vehicles on display that it acquired from Chinese automaker BYD. One was an electric vehicle car. The other was a hybrid BYD Shark truck, which has an electric powertrain and a 1.5-liter engine to ensure the vehicle's battery remains charged. Caresoft has a technical center in Livonia, Michigan, a Detroit suburb, where it analyzes such vehicles. Woychowski is a former General Motors Co. executive who has spent 47 years in the auto industry. Chinese and traditional automakers are 'talking different languages,' Woychowski said. Established automakers emphasize the time a model can go from 0 to 60 mph and horsepower and torque, he said. Chinese automakers emphasize technology and connectivity, where vehicles can connect to the internet or other cars and trucks, the Caresoft executive said. In China, automakers and suppliers have a more cooperative relationship while traditional automakers are often more confrontational with suppliers, he said. BYD, the largest automaker in China has 'vertical integration we haven't seen since the days of Henry Ford,' including in-house battery production, Woychowski said. Traditional automakers need to revamp their operations, the executive said. 'We need to do it quickly,' he said. 'The only strategic advantage you can have at the end of the day is speed. We have work to do.' Thursday's event also had a series of roundtable discussions. The subject of China's auto industry came up again. 'We're going to have to change our mindset,' Scott Cieslak, chief commercial officer of Detroit Manufacturing Systems, said. 'We're playing from behind.' Chinese automakers are likely to produce vehicles in countries near the U.S., said Tu Le, founder of Sino Auto Insights, a consulting firm. 'The Chinese are surrounding us,' he said. In April, he said at an Automotive Press Association webinar that auto dealers from Canada attended this year's Auto Shanghai Show expressing interest in in Chinese vehicles. 'You don't think they'll be manufacturing north of the border?' he said Thursday at the SAA event. 'That's the reality.'
Yahoo
28-04-2025
- Business
- Yahoo
Share Buyback Transaction Statement from 21 April to 25 April 2025
Nanterre, 28 April 2025 Share Buyback Transaction Statement From 21 April to 25 April 2025 Aggregated presentation by day and market Issuer's name Issuer's identifying code Transaction date Identifying code of financial instrument Daily total volume (in number of shares) Daily weighted average price of shares acquires Market (MIC code) FORVIA 969500F0VMZLK2IULV85 23/04/2025 FR0000121147 15 000 6.76 € XPAR FORVIA 969500F0VMZLK2IULV85 24/04/2025 FR0000121147 15 000 6.79 € XPAR FORVIA 969500F0VMZLK2IULV85 25/04/2025 FR0000121147 15 000 7.02 € XPAR A detailed transaction-by-transaction presentation of this information is available on Forvia's website at the following address: Attachment FORVIA - Aggregated reporting from 21 April to 25 April 2025 (CP)Sign in to access your portfolio
Forbes
24-04-2025
- Automotive
- Forbes
Auto Supplier Forvia Introduces Products Amid Trade War With China
A Forvia automotive interior Forvia, a major French-based automotive supplier, is using this week's Shanghai auto show to introduce new products. The event is a sign that, despite the auto trade battle between the United States and China, the auto industry remains international. 'Auto Shanghai is where the future of mobility becomes reality — a time machine fast-forwarding us into tomorrow,' Martin Fischer, chief executive officer of Forvia, said in a statement. The company 'showcases a wide portfolio of cutting-edge, AI- and software-driven sustainable innovations. At the forefront of industry transformation, we are redefining mobility through safe, high-performance, sustainable, and cost-effective solutions for customers and drivers worldwide.' These are among the highlights of what Forvia is showing at Shanghai: --Power electronics and battery management: The company's EnergyCore improves "electric vehicle efficiency by integrating key power and battery electronics into one unit,' according to Forvia. 'It offers a fully integrated system from a single source.' --Exhaust system advancements: The supplier said it's working with automakers 'to meet stricter emissions and pollutant regulations, offering technologies for internal combustion, hybrid, plug-in hybrid, and H₂ ICE vehicles across multiple segments.' Forvia said it's working in China to 'combine digital solutions to enhance cabin acoustic comfort, and address space and noise challenges.'--Hydrogen technology: Forvia said it's highlighting its MultiCavity hydrogen storage system at Shanghai. The system has 'composite vessels connected to a single upstream on-tank valve,' according to the company. Forvia says the system 'offers up to 20% cost savings' and a "35% reduction in CO₂ emissions.' Much of the attention of reducing greenhouse gases from cars and trucks has been on production of electric vehicles. EV output is most advanced in China, followed by western Europe and North America. Forvia said in a statement that hydrogen will be an important part of the future. Hydrogen fuel cell vehicles 'offer a critical, complementary solution—especially for energy-intensive, high-uptime applications like long-haul trucking, industrial transport, or emergency response,' Yves Dumoulin, Forvia's senior vice president of hydrogen solutions, said in the statement. 'These are segments where fast refueling and extended range are essential.' He added: 'Our technologies are ready. Now, the challenge is collective: public and private stakeholders must align to accelerate infrastructure and adoption.' --Interiors: At Shanghai, Forvia is showing interior displays and what it calls its Safe & Relax seat. The Skyline interior display assembles 'six smaller displays instead of one large, curved screen,' according to the company. Forvia says that reduces cost and is designed for all vehicle segments. The Safe 45 seat 'reclines up to 45 degrees with a reinforced frame, keeping seatbelt attachment fastened to the vehicle body,' Forvia said. 'The Safe 60 extends recline to 60 degrees with an All-Belt-to-Seat design for optimal protection.' Forvia estimates 35% of its seating sales come from China. The company's seating business 'is deeply rooted in the Chinese market, working with international and Chinese OEMs in all segments,' Stephane Noel, Forvia's executive vice president of seating, said in the company statement.
