UPDATE 1-France's Faurecia profit rises on cost cuts


(Adds details, background) PARIS, July 23 (Reuters) - French car-part maker Faurecia posted a rise in first-half profit on Wednesday thanks to cost cuts and strong sales of its car seats. Faurecia, 70-percent owned by carmaker PSA Peugeot Citroen , said in a statement net profit rose to 16.2 million euros from 0.6 million in the year-earlier period, while operating income rose 25 percent to 161.3 million euros. Sales at Europe's third-largest car part maker by sales rose 5.7 percent to ...

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