Faurecia has posted third quarter consolidated sales of EUR4.08bn (US$5.3bn) up 7.9% compared to the same period last year, while product sales rose 3.2% to EUR3.2bn, like-for-like.

The French component maker says its Q3 results reflect strong sales growth in North America, up 19%; sustained business growth in Asia and South America, up 10% and a significant sales drop of 4% in Europe

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Group sales growth is above automotive production in each of the main regional markets, while Faurecia claims better geographical balance with sales outside Europe reached 48% of sales in the third quarter of 2012, against 40% for the same period of 2011.

For 2012, Faurecia is predicting an increase in the slowdown of automobile production in Europe during the fourth quarter and expects a sharp sales decline, which will affect operating income.

In this context, operating income for the full year 2012 is now expected to be more than EUR500m.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Neonode has won the Innovation Award for Driver Monitoring Software for its camera-based, MultiSensing®-powered solution that delivers precise hands-on-wheel detection, regulatory-ready safety performance and low-footprint integration. Discover how Neonode is redefining driver monitoring, UX and compliance for next-generation semi-autonomous vehicles.

Discover the Impact