Forvia agrees to sell Augsburg site to General Dynamics European Land Systems

General Dynamics Corporation

General Dynamics Corporation

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  • Forvia signed an agreement with General Dynamics European Land Systems to divest its Augsburg, Germany site.
  • Transaction includes the transfer of the plant plus about 300 employees, subject to regulatory clearances plus worker consultation procedures.
  • Deal targets long-term industrial continuity for Augsburg, with a planned shift toward defense activities over the next nine months.
  • Forvia plans to maintain execution of current customer programs during the transition.
  • Transaction aligns with the first phase of Forvia’s IGNITE plan to refocus operations and improve its financial profile.


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