French car parts maker Faurecia has reported a 16% increase in consolidated third quarter sales and said it had outperformed the global car market on the back of across the board growth in exteriors, interior systems and seating and that it was keeping its 2011 targets.

Third-quarter revenue rose to EUR3.787bn (US$5.26bn), while nine-month sales were up 18.3%, to EUR11.9bn. All regions except for Europe grew at double-digit rates in the quarter, while global vehicle production growth rose by an estimated 6%, the group said.

Faurecia said it was sticking to its 2011 targets. Last month the company told Reuters it was comfortable with the group's 2011 revenue forecast although uncertainty in financial markets was harming visibility for 2012.