After taking over the headlight specialist HELLA, the French automotive supplier Forvia expects more savings than originally planned.
“We had announced a goal of 300 million euros in cost synergies by the end of 2025. We assume that we will exceed this goal,” said CEO Patrick Koller in an interview with the industry newspaper “Automobilwoche” (Monday). The company had previously assumed savings of 250 million euros by 2025 when it took over last year. In his opinion, the Faurecia and HELLA teams work “very well together”. The two companies appear together under the Forvia umbrella brand.
On Friday, the HELLA shareholders’ committee decided on the previous CFO Bernard Schäferbarthold as the new HELLA CEO and successor to Michel Favre. In addition to being chairman of the board, Schäferbarthold will also remain chief financial officer until further notice.
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LIPPSTADT (dpa-AFX)
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