Faurecia says it is targeting more than EUR21bn (US$28.4bn) of sales and an operating margin of between 4.5% and 5% by 2016, depending on European production levels.
The supplier is completing a period of transformation after integrating acquisitions such as Emcon Technologies, Plastal and Saline, while noting major growth in North America that has seen it become the 5th largest automotive supplier in the region as well as undergoing rapid expansion in Asia, particularly in China.
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Faurecia added its future growth strategy is based on major trends, which it views as favourable to the group such as acceleration in technology, in particular for vehicles with reduced fuel consumption and tighter emissions control, rapid growth of the automotive market in Asia and the dominance of global platforms.
