Member access

4-Traders Homepage  >  Shares  >  Euronext Paris  >  FAURECIA    EO   FR0000121147

FAURECIA (EO)

1577
Delayed Quote. Delayed Euronext Paris - 04/20 11:35:01 am
43.78 EUR   +0.56%
02:31p FAURECIA : at the 2015 Shanghai Auto Show
07:40a FAURECIA : introduces its "Active Wellness" car seat
07:40a FAURECIA : at the 2015 Shanghai Auto Show with “Driving Well-B..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Faurecia To Buy Ford, ACH Interior Components Business

05/03/2012 | 07:53am US/Eastern

French auto parts maker Faurecia SA (>> FAURECIA) said Thursday it will buy an interior components business based in Michigan and operated by Ford Motor Co. (F) and Automotive Components Holdings LLC for an undisclosed amount.

Faurecia, which is 57.4% owned by car maker Peugeot Citroen SA (>> PEUGEOT), said the components business generated annual sales worth $1.1 billion. With the new acquisition, Ford becomes Faurecia's third-largest customer.

Faurecia said the deal won't have a significant impact on its debt and cash position.

Faurecia also said it will set up a joint venture with Rush Group Ltd. which will be called Detroit Manufacturing Systems, which will manufacture car interior components in a new factory in Detroit. Rush Group will control the new venture and will operate it, while Faurecia will hold a 45% stake.

-By Inti Landauro, Dow Jones Newswires; +33 1 4017 1740; inti.landauro@dowjones.com

Stocks mentioned in the article : FAURECIA, PEUGEOT
React to this article
Latest news on FAURECIA
02:31p FAURECIA : at the 2015 Shanghai Auto Show
07:40a FAURECIA : at the 2015 Shanghai Auto Show with “Driving Well-Being” ..
07:40a FAURECIA : ASDS proves to be superior to conventional Adblue fluid against nitro..
07:40a FAURECIA : introduces its "Active Wellness" car seat
07:40a FAURECIA : introduces world’s first Gasoline Particulate Filter for passen..
06:02a FAURECIA : Retour à la liste des news
04/16 FAURECIA : Meet us at the Auto Shanghai 2015
04/15DJFaurecia Notches Up Sturdy Revenue Growth, Helped by Weak Euro
04/15 FAURECIA : posts strong consolidated sales growth, up 13.8% (5.5% like-for-like)..
04/13 FAURECIA : World Cars of the Year equipped by Faurecia
Advertisement
Chart
Duration : Period :
FAURECIA Technical Analysis Chart | EO | FR0000121147 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF