Forvia Misses H1 Profit Target

FORVIA, the supplier created after Faurecia’s’s takeover of HELLA, fell short of half-year operating profit expectations, affected by global chip shortages, the war in Ukraine and lockdowns in China.The group reported an operating profit of €426 million for the first six months of 2022, corresponding to a margin of 3.7 percent. The combined entity sells…

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Hector Fratty

Hector Fratty, DrivingVisionNews President and Founder has been for his entire career in automotive lighting. From 1995 to 2006, he was Valeo Lighting Systems’ chief of R&D, managing a staff of 650 engineers and technicians and a budget of over €70m. He holds 20 patents worldwide. In 2008, after 2 years’ consultancy, he initiated the launch of Driving Vision News, a news pipeline dedicated to keeping the lighting and driver assistance community informed of the latest progress and development in the industry. Hector Fratty presides over the highly‐regarded biennial VISION Congress international automotive lighting and driver assistance symposium. Hector Fratty is also a member of the ISAL steering committees.