Faurecia warns on H2 profitability targets

Newswire

PARIS, Dec 19 (Reuters) - French auto parts group Faurecia said on Monday it would not be able to meet its profitability targets in its car interior business in the second half of 2005, citing higher raw material costs, slower car production and pricing pressures. Faurecia said in a statement it expected to achieve an operating margin of between 1.7 percent and 2.0 percent in the July-December period, against 3.5 percent in the second half of last year. The company, which reported lower ...

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