Member access

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

FAURECIA (EO)

1419
Delayed Quote. Delayed Euronext Paris - 09/01 11:35:01 am
25.49 EUR   -0.47%
08/25 China tells German auto suppliers to find partners - paper
08/25 GERMAN CAR PARTS SUPPLIERS ASKED TO : Stuttgarter
07/30 Peugeot car division back in profit as new CEO makes mark
SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

Faurecia To Buy Ford, ACH Interior Components Business

05/03/2012 | 07:53am US/Eastern
Recommend:
0

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
Recommend :
0
React to this article
Latest news on FAURECIA
08/25 China tells German auto suppliers to find partners - paper
08/25 GERMAN CAR PARTS SUPPLIERS ASKED TO : Stuttgarter
07/30 Peugeot car division back in profit as new CEO makes mark
07/30 Peugeot auto division posts profit as turnaround kicks in
07/29 FAURECIA : Strong improvement in performance and upwards revised guidance for 20..
07/29DJBOE Underlines Need for Stronger Global Growth
07/27 FAURECIA : North America to Open Headquarters in Auburn Hills
07/27 FAURECIA : Launches New North American HQ and Seating Technical Center
07/21 FAURECIA : North America to Open Headquarters in Auburn Hills
07/21 FAURECIA : Opens New North American Headquarters and Seating Technical Center
Advertisement
Chart
Duration : Period :
FAURECIA Technical Analysis Chart | EO | FR0000121147 | 4-Traders
Income Statement Evolution
FAURECIA : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF