UPDATE 1-Faurecia 2004 profits up, warns on H1 2005 margins

Newswire

(Adds details, background) PARIS, Feb 17 (Reuters) - French car parts maker Faurecia posted a recovery in net profit on Thursday, boosted by sustained demand and operating improvements, but warned that tough sector conditions would hurt margins in 2005. Car parts makers are under pressure as raw material costs remain high while car makers try to resist paying more for parts, desperate to protect their own margins in the face of lacklustre demand and cut-throat price competition. "With ...

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