Furya Announces Asset Divestiture Process, To Sell Part of Automotive Interior Business

Recently, in response to media speculation about the sale of its business, FORVIA issued a formal statement clarifying the current asset divestiture process.

Fruia stated in a statement: "As previously announced,"Freyr has been conducting a comprehensive strategic review of its business portfolio. Based on the results of this review, the group has initiated the sale process of certain businesses, including assets related to the automotive interior business segment.。

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"Our primary task at present is still to advance the established roadmap in a disciplined and responsible manner, while improving operational performance and empowering the team to achieve growth during the strategic transformation process."

Image source: Foria

The Faurecia Automotive Interiors division provides a full range of dashboard, door panel, and center console systems for automobiles. In the third quarter of 2025, the sales of this division amounted to 1.09 billion euros, accounting for nearly 18% of the group's revenue.

"Interior automotive trim is a high-quality asset for Faurecia, and its market position is relatively solid," said Julien Thomas, an analyst at TP ICAP Midcap, in an interview with Reuters. "This business ranks among the top three globally, has competitiveness and a high reputation, so I believe it won't be difficult to sell this business."

Julien Thomas added that the overall value of the business could reach 3.5 billion euros, which may help Faurecia address its debt issues.

Since the merger of Faurecia and Hella in 2022, making them the seventh-largest automotive parts supplier in the world by revenue, asset divestment has been one of Faurecia's key tasks.

As of now, Freyr has completed a quarter of its €1 billion (approximately $1.2 billion) asset divestment plan announced in October 2023, with individual asset sales ranging from €50 million to €200 million.

FREYR plans to reduce its net debt to below 1.5 times its core earnings (EBITDA) by next year through asset sales; in comparison, this ratio was 1.8 at the end of June 2025, and three years ago (when the merger was just completed), it was 3.1.