Faurecia banks on Asia to boost sales

Newswire

PARIS, Nov 7 (Reuters) - French car parts maker Faurecia said on Monday it banked on strong demand in China and Korea and solid growth prospects in North America to boost sales by 25 percent by 2015. Faurecia, which is 57.4 percent owned by PSA Peugeot Citroen , also confirmed its goals under a 2010-2014 plan, which targets an operating margin of 5-6 percent of sales. The world's sixth-biggest car parts maker said it now aimed at exceeding global automotive production growth by 3-4 ...

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