Faurecia and Parrot have finalized a proposal which will see the take-over of 100 per cent of Parrot Automotive by Faurecia, ahead of schedule.
The company says the transaction “underlines the importance of Parrot Automotive in Faurecia’s Cockpit of the Future strategy”.
This refers to the general trend of developing what are called “digital cockpits” or virtual dashboards” for new cars and vehicles.
Faurecia says the takeover will “accelerate the development” of infotainment solutions based on the Android operating system by Parrot Automotive and the development of an open platform integrating the different connected systems and functionalities of the vehicle interior. [Read more…] about Faurecia takes 100 per cent control of Parrot Automotive sooner than planned