France: Faurecia lowers 2012 profit estimate

Faurecia reported a year-on-year gain in revenue in the first six months of 2012 but this was accompanied by declining operating profit, principally reflecting falling earnings in Europe. Although the company has raised its 2012 revenue target to €17bn-17.4bn (US$20.6bn-21.1bn), from €16.3bn-16.7bn previously, the expected operating income range has been Subscribe to Automotive World to … Continued

• By Webmaster
• July 24, 2012