Europe's top seating supplier hooks up with Europe's leader in cockpits and dashboards to create new competition for interior megasuppliers Lear Corp. and Johnson Controls Inc. Faurecia SA's friendly acquisition of Sommer Allibert's automotive business for $1.2 billion could be completed by June, pending regulatory approvals. The driving force behind the deal is French automaker PSA Peugeot Citroen, which owns 52.6% of Faurecia, a supplier that holds the No.3 position in the seating ...
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