PARIS – Faurecia SA is betting on growing faster in China than the market, itself, in order to continue its rebound from the global economic crisis. The French supplier, majority owned by PSA Peugeot Citroen, has two new joint ventures in China, one with FAW Automotive Group and the other with Zhejiang Geely Automobile Group. Plans are to grow from 22 plants today to 33 in 2014. The company’s emphasis on China is not new, but it has intensified because the country has become the world’s ...
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