Parrot and Faurecia in exclusive partnership talks for Parrot Automotive

Parrot has entered exclusive discussions with Faurecia for a partnership where Faurecia would acquire a 20% stake in Parrot Automotive, with an option to buy the remainder by 2022.

“This partnership would provide the best conditions to develop connected vehicles of the highest quality and benefit from Faurecia's industrial power and complementary expertise”reuters.com

• 1 source
• reuters.comParrot has entered into discussions of partnership between its subsidiary, Parrot Automotive, and FaureciaDec 6, 2016

Summarized from public sources; check the original articles before acting on it.