Automotive parts firm Faurecia
Posted 11-05-2012 at 07:25 AM by marcitize12
Automotive parts firm Faurecia (FR:eo) said that its second-half net loss narrowed to 69 million euros, from 552.6 million euros at the same point last year, as finance and restructuring costs offset cost cutting. Revenue declined to 4.9 billion euros, from 5.4 billion euros last year. "The upturn in global automotive production, which began in the second half of 2009, is set to continue in the first half of this year," the firm said and it expects product sales growth of around 4% for 2010.
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