Faurecia profit rise beats forecasts on cost cuts


PARIS, July 23 (Reuters) - French car part maker Faurecia posted a bigger-than-expected rise in first-half profits on Friday thanks to cost cuts and brighter demand, which outpaced stagnant European auto production. Europe's second-biggest listed car part maker said in a statement net profit in the six months to end-June totalled 31.9 million euros versus 16.2 million a year ago. Operating income rose to 200.9 million euros from 161.3 million on sales up 5.3 percent to 5.521 billion euros. ...

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