PARIS – Faurecia SA won €11 billion ($15.3 billion) in new contracts during 2009, even as current revenues declined 19.3% to €9.3 billion ($12.7 billion) for the year, and the company struggled to reduce costs by closing factories mainly in France, Germany and the U.S. While the French supplier reports a net loss of €434 million ($598 million), CEO Yann Delabriere says the second half showed the effectiveness of Faurecia’s cost cutting as production rebounded in the global auto industry. ...
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