Faurecia H1 net profit falls

Newswire

PARIS, July 23 (Reuters) - French car parts maker Faurecia SA said on Tuesday that net profit slumped to 600,000 euros in the first half of 2002 against a proforma profit of 7.0 million in the same period last year. Faurecia, which is 70-percent owned by French carmaker PSA Peugeot-Citroen, said it expected sales to rise at least five percent in the second half of the year despite forecasting a decline of two to three percent in European automotive production during the period. For the ...

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