Faurecia expects "significant" charges in 2006

Newswire

PARIS, Dec 19 (Reuters) - French auto parts group Faurecia expects to incur "significant" restructuring charges in 2006, after recording an estimated 140-150 milion euros in restructuring charges this year, its Chief Financial Officer said on Monday. "The year 2006 should see a significant amount of restructuring charges," Frank Imbert told a conference call. Faurecia said earlier on Monday it would not be able to meet its profitability targets in the second half of 2005, citing higher ...

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