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Date: April , 200 5 Prepared by: Amy Jagemann Brandon Muzik Jiri Vondracek. Project for MU-WBU course in the firm Lear Corporation. Project Overview. Content: General description of LEAR General comparison Financial review Economic & automotive indicators. Agenda.
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Date: April, 2005 Prepared by: Amy Jagemann Brandon Muzik Jiri Vondracek Project for MU-WBU course in the firm Lear Corporation
Content: General description of LEAR General comparison Financial review Economic & automotive indicators Agenda
General Description About the Company • World-wide corporation - 289 branches in 34 countries • Headquarters - Southfield, Michigan, USA • Field of activity - Automotive industry • Product - Interior equipment
Lear Corporation Czech s. r. o. • Established • 07/1993 by EMPE (Germany) • Site location - Přeštice, Hlávkova 1254, Czech Republic • Field of activity - automotive industry – interior production • Employees - 540 • New plant - 05/2004, area 60 000 sqm
Facility opened in 2004 54,000 square feet Located in the Ford Motor Company Manufacturing complex Produce headliners and seat systems Approximately 70 employees Investment of about $4 million in this facility Lear: Chicago
Indicator US CZ Per capita income $10,064 (quarter 4, 2004) Unemployment rates (2004) Fuel prices (per gallon)* GDP – per capita Top selling vehicle Skoda (Fabia, Octiavia) Economic & automotive indicators – US vs. CZ $32,937 (2004) 5.1 (quarter 4, 2004) 8.3 (quarter 4, 2004) $2.153 (3/28/2005**) $4.522 (4/05/2005) $37,800 (2003) $8,241 (2003) Ford F-Series pickup * 4 liters per gallon ** Source: www.fueleconomy.gov
Source: www.lear.com Jan Vondracek (finance manager Lear Corp. Czech)
Any questions? Thank you