Car parts group Faurecia 2019 profits rise, sees challenging market in 2020

FILE PHOTO: An illustration shows a car dashboard with a giant screen on the side of the Faurecia booth during the 2019 CES in Las Vegas, Nevada, U.S. January 8, 2019. REUTERS/Steve Marcus/File Photo

Faurecia, which bought Japanese peer Clarion last year, said annual operating income for 2019 had risen by 0.7% from the previous year to 1.283 billion euros . Last November, Faurecia said it was targeting reaching sales of more than 20.5 billion euros by 2022.

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