French group Faurecia holds course in ‘tougher than expected’ auto market

  • French auto parts maker Faurecia <EPED.PA> maintained first-half profitability despite a China-led decline in auto production and the loss of seating contracts, the company said on Tuesday.
  • Its positive net cash flow rose 3.9% to 257 million.
  • The company reiterated 2019 guidance including a margin of 7% or more and net cash flow of at least 500 million, assuming a 4% decline in global auto production for the full year.

Original Article

Leave a comment

Your email address will not be published. Required fields are marked *