Member access

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


SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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;

Stocks mentioned in the article : FAURECIA, PEUGEOT
React to this article
Latest news on FAURECIA
2d ago FAURECIA : inaugurates seating plant in Wentzville, Missouri
4d ago FAURECIA : helps Les Restos du Cœur in its 30th annual food drive
12/12 FAURECIA : Govt, NGOs, auto sector join hands to tackle pollution
12/11 FAURECIA : partners the Los Angeles Auto Show's Designers' Night
12/10 Faurecia, Ford Motor Co. Win SPE Award for Active Glove Box
12/10 FAURECIA : partners the Los Angeles Auto Show’s Designers’ Night
12/04 FAURECIA : part of the multi-party alliance launched to support China's clean ai..
12/04 Faurecia and Ford Motor Get SPE Award for Active Glove Box
12/04 Faurecia and Ford Get SPE Award for Active Glove Box
11/26 FAURECIA : equipped C4 Picasso is one of the new European leaders in the minivan..
Duration : Period :
FAURECIA Technical Analysis Chart | EO | FR0000121147 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes