This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

To Sustain Its Momentum, Faurecia North America Grows Into A New Headquarters In Auburn Hills

AUBURN HILLS, Mich., April 2, 2013 /PRNewswire/ -- Three years into a remarkable surge in growth, Faurecia North America today announced more details of its plans for a new headquarters building in Auburn Hills, Mich., at the hub of activity for southeast Michigan's auto industry.

(Photo: http://photos.prnewswire.com/prnh/20130402/DE87154 )

Since 2010, Faurecia—North America's eighth-largest automotive supplier and the sixth-largest globally—has opened 15 new plants and tech centers in the U.S., Mexico and Canada and has nearly doubled the size of its workforce to more than 20,000. The region now accounts for 30% of Faurecia's global sales. In Michigan, that growth has taken the form of six new locations since 2010 and a total of 13 sites that collectively employ more than 4,000 people. Its success has led Faurecia North America to begin construction this month on a new headquarters building that also will house technical centers for Faurecia Automotive Seating and Faurecia Automotive Exteriors.

"As the auto industry has reinvented itself over the past few years, Faurecia has been a notable success story," said Faurecia North America President Mike Heneka. "We have grown substantially and now we are ready to extend our technical centers and headquarters operations to further support that growth. Our new location presents a distinctive opportunity to build from the ground up in a way that most suits our needs and to centralize our technical teams and administrative functions."

The new headquarters facility, at 2800 High Meadow Circle in Oakland Technology Park near I-75 and University Drive, positions Faurecia North America in a more highly visible, easily accessible, more spacious location that is tailored to its needs. Upon the building's completion in the spring of 2014, up to 700 employees will be transferred to the building from three smaller Michigan facilities: the current Faurecia Automotive Seating Technical Center on Meijer Drive in Troy; Faurecia's Oakland Shared Services Center on Squirrel Road in Auburn Hills; and its Oakland Technical Center for Automotive Exteriors on W. Entrance Drive in Auburn Hills. The Faurecia Interior Systems Technical Center will remain at its current location at 2500 Executive Hills Blvd in Auburn Hills. Faurecia Emissions Control Technologies will continue to be based in Columbus, Ind.  

The technical centers in the new facility will carry out prototype development, testing and light assembly activities to further Faurecia North America's commitment to pioneering advanced vehicle systems to meet the auto industry's evolving needs.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs