Faurecia North America Inc. has plans to construct a new North American headquarters and technical center north of Detroit in Auburn Hills, Mich. Stacy Fields, the asset manager of business development for General Development Co., said that Faurecia plans to put up a headquarters to accommodate its administration and a light assembly operation.
This three-story, 300,000-square-foot headquarters sits on 211 acres and will later hold about 700 employees, several of whom will be for newly created jobs. Faurecia is the French interiors and seating supplier controlled by Peugeot SA.
Meanwhile, General Development is the developer and general contractor for the building, which will be leased. According to industry sources, the new headquarters will be a $30 million development. Fields said that in 2010, General Development purchased the property from Chrysler Group LLC. Fields said that construction is slated to start within the next 30-60 days, and it's predicted to open in the first quarter of 2014.
Fields said that the Faurecia headquarters will be located in the same site as the 55,000-square-foot Henniges Automotive North America Inc. headquarters and the 250,000-square-foot U.S. Farathane Corp. headquarters. In addition, Faurecia runs some operations in Detroit, including two r&d centers and two parts plants. The Auburn Hills Planning Commission is considering site plan approval for the project. Presently, Peugeot owns around 57% of Faurecia's stock.