A 6.5 percent third quarter growth was reported by Faurecia (EPED.PA), a french auto parts supplier on a comeback in U.S. sales and a preliminary recovery in Europe’s market for vehicles.
In a statement made on Thursday, the company declared that the three months ended in Sept.30, sales have markedly risen to 4.386 billion euros ($5.61 billion) and this is from last year’s yield of 4.117 billion.
In Asia, sales of the company for parts and components climbed up to 17.4, in Europe it went up to 9.2 percent and lastly 2.4 percent in North America where the company fell short of expectations last year.
The company stated on Thursday that the increased production of new Ford and Chrysler models gave back the much needed sales boost for the company.
The promise of a 2-4 percent sales gain excluding any kind of currency effects, a positive net cash flow and an upturn of 0.3 to 0.6 percentage to margin of operation has been made by the company as it had raised its goals for the full year of 2014.