date: april , 200 5 prepared by: amy jagemann brandon muzik jiri vondracek
DESCRIPTION
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. - PowerPoint PPT PresentationTRANSCRIPT
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Date: April, 2005Prepared by: Amy Jagemann
Brandon MuzikJiri Vondracek
Project for MU-WBU course in the firmProject for MU-WBU course in the firm
Lear CorporationLear Corporation
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Project Overview
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Agenda
Content:
• General description of LEAR
• General comparison
• Financial review
• Economic & automotive indicators
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About the Company World-wide corporation
- 289 branches in 34 countries
Headquarters- Southfield, Michigan, USA
Field of activity
- Automotive industry
Product- Interior equipment
General Description
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North America
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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
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Lear: Czech Republic
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Lear CZ, Customers
Audi VW
Saab
Mercedes
Opel
Lear CZ, Production program
Headliners79%
Pillars18%
Other Parts3%
PRODUCTION: - 30 Headliner types - 750 000 pieces annuallyCAPACITY: - 1,5 Mio headliners - 2 Mio other interior parts (pillars, trunk parts, etc.)
Lear CZ, Production program
Headliners79%
Pillars18%
Other Parts3%
Audi A2, A3, A4, A6, A8, TTVW Golf A4, Golf A5Saab 9.3 limo, 9.5Opel Vectra, Station WagenDaimler-Chrysler Crossfire, SLK, A, S ClassMercedes R Class, M ClassBMW Serie 1, Serie 3Porsche Boxter
SERIES:
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Sales
0
10 000
20 000
30 000
40 000
50 000
60 000
70 000
80 000
2000 2001 2002 2003 2004 2005
Year
(000) USD
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Lear: Chicago
• 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
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Financial Review
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Economic & automotive indicators – US vs. CZ
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)Ford F-Series pickup
* 4 liters per gallon ** Source: www.fueleconomy.gov
8.3 (quarter 4, 2004)5.1 (quarter 4, 2004)
$32,937 (2004)
$2.153 (3/28/2005**)
$37,800 (2003)
$4.522 (4/05/2005)
$8,241 (2003)
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Source: www.lear.comJan Vondracek (finance manager Lear Corp. Czech)
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Thank you
• Any questions?