FORVIA has signed an agreement with General Dynamics European Land Systems for the transfer of its Augsburg site in Germany, securing approximately 300 jobs. The transaction, subject to regulatory approvals and employee consultation, includes a joint nine-month upskilling plan to support new defense activities while leveraging existing automotive manufacturing expertise. FORVIA says the move ensures continuity for customers and aligns with the first phase of its IGNITE plan to focus activities and strengthen competitiveness.
Forvia SEFORVIA signs agreement to transfer Augsburg site, securing jobs and aligning with IGNITE plan to focus activities and strengthen competitiveness.