Faurecia Profit Surges on U.S. Auto Recovery

Newswire

PARIS, Feb 8 (Reuters) - Faurecia, the world's biggest maker of car interiors and exhausts, said second-half profit surged 30 percent on a strong recovery in U.S. auto production. Operating income rose to 311 million euros ($412 million), or 3.9 percent of sales, from a 3.3 percent operating margin a year earlier, the French company said in a statement on Wednesday. Net income rose 85 percent to 185 million euros on a 15 percent gain in sales to 8.04 billion euros. For 2012, Faurecia ...

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