Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Faurecia    EO   FR0000121147


News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Faurecia : wins Ohio incentives for Jeep interior production

share with twitter share with LinkedIn share with facebook
share via e-mail
09/24/2018 | 11:04pm EDT

Sept. 25--A midsize Jeep pickup truck coming soon to the Toledo Assembly Complex has lured another parts supplier to the region.

The Ohio Tax Credit Authority has approved incentives for Faurecia Interiors, which is expected to create 101 jobs at a factory being built in the Overland Industrial Park.

Faurecia will produce instrument panels at Overland beginning in April, Faurecia spokesman Misty Matthews said.

The instrument panels are for a new midsize Jeep pickup that Fiat Chrysler Automobiles is scheduled to begin assembling early next year, said Paul Toth, president of the Toledo-Lucas County Port Authority, which is leasing the land upon which the Faurecia plant is being built.

Faurecia, whose North American headquarters is in Auburn Hills, Mich., is one of the world's largest makers of vehicle interiors. The company is a minority owner of Detroit Manufacturing Systems, a joint venture that makes instrument panels in the Overland park for the Jeep Wrangler.

Faurecia's employees in Toledo are expected to generate annual payroll of about $4.3 million, the state of Ohio said in a release Monday. The approved tax credits are expected to save Faurecia about $351,000 over seven years, subject to Faurecia creating the number of jobs proposed.

Developer Ed Harmon is building the facility for lease to the component supplier.

Once the Jeep midsize pickup begins production in the first half of 2019, the Toledo Assembly Complex will build all Jeep Wranglers for worldwide consumption in the complex's north plant and the pickup in the south factory.

The Wrangler plant employs about 5,000 hourly employees represented by UAW Local 12 and another 1,000 salaried employees. An additional 1,300 laid-off UAW members are awaiting recall when the Jeep truck plant begins production.

Contact David Barkholz at dbarkholz@theblade.com, 419-724-6134, or on Twitter @barkholzatAN.

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.


(c)2018 The Blade (Toledo, Ohio)

Visit The Blade (Toledo, Ohio) at www.toledoblade.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on FAURECIA
07/23EUROPE : Automakers lift European shares to more than two-week high
07/23EUROPE MARKETS: Europe Stocks Approach Seven-month High On U.S., China Optimi..
07/23GLOBAL MARKETS LIVE : Apple, Continental, Huawei, Facebook…
07/23U.S. Futures Track Global Stocks Upwards on Trade Optimism
07/23Global Stocks Gain on U.S. Moves on Trade
07/23France's Faurecia holds course in 'tougher than expected' auto market
07/23FAURECIA : 2019 Half year results
07/23FAURECIA : Résultats du premier semestre 2019 - Présentation (anglais uniquement..
07/23FAURECIA : 2019 Half year report
07/23FAURECIA : 2019 half year report filing press release
More news
Financials (EUR)
Sales 2019 18 548 M
EBIT 2019 1 311 M
Net income 2019 704 M
Debt 2019 2 174 M
Yield 2019 3,72%
P/E ratio 2019 7,08x
P/E ratio 2020 6,24x
EV / Sales2019 0,38x
EV / Sales2020 0,35x
Capitalization 4 907 M
Duration : Period :
Faurecia Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FAURECIA
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 16
Average target price 49,85  €
Last Close Price 36,00  €
Spread / Highest target 131%
Spread / Average Target 38,5%
Spread / Lowest Target -16,7%
EPS Revisions
Patrick Koller Chief Executive Officer & Director
Michel de Rosen Chairman
Hagen Wiesner Executive Vice-President-Group Operations
Michel Favre Group Chief Financial Officer & Executive VP
Christophe Bouly Chief Technical Officer
Sector and Competitors
1st jan.Capitalization (M$)
FAURECIA8.86%5 466
DENSO CORP-7.24%32 361
CONTINENTAL AG-11.40%23 888
APTIV29.74%20 465
HYUNDAI MOBIS CO., LTD.--.--%18 573