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April 16, 2006 12:00 AM

Faurecia Sales increased by 3.4% in the 1st quarter 2006

Utech Staff
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    France -- In the first quarter of 2006, Faurecia's total sales increased by 3.4% to €2,908.2 million, on a slight downturn in European automotive production. The Group continues to expand outside Europe, with an increase in sales of 31% in North America and 37% in Asia.

    Automotive Seating generated sales of €1,200.8 million a decline of 2.4% compared with the first quarter 2005. Sales were adversely affected by a sharp downturn in business with the French automakers, a trend that was partially offset by a rise in production of the Audi Q7, the BMW 3 Series and the new Toyota Yaris. Outside Europe, sales increased by 16% in North America, thanks in particular to sales with General Motors (Pontiac G6 and Chevrolet Malibu) and Chrysler

    Sales of other vehicle interiors rose by 7.3%. The impact of favorable exchange rates was 2.4%. Sales benefited from a rise in production of the Mercedes-Benz S Class and the Volkswagen Passat in Europe and the start of sales in China. Sales in North America increased by 40%, due to a rise in production of the Volkswagen Jetta and the Chrysler PT Cruiser.

    Total sales for the Interior Modules segment were €2,077.2 million, a 1.5% increase compared with 2005 whilst Exhaust Systems sales rose to €647.7 million an increase of 23.0% and Front Ends generated sales of €183.3 million in the first quarter 2006, a 1.8% decline with sales of Other Modules amounting to €831.0 million an increase of 12.3% excluding.

    Faurecia is a world leading automotive suppliers of six major vehicle modules: seats, cockpits, door modules, acoustic modules, front ends and exhausts. In 2005 the Group reported sales of €11 billion. It has operations in 28 countries and employs 60,000 people at 160 sites.

    Faurecia is a world leading automotive suppliers of six major vehicle modules: seats, cockpits, door modules, acoustic modules, front ends and exhausts. In 2005 the Group reported sales of €11 billion. It has operations in 28 countries and employs 60,000 people at 160 sites.

    Faurecia is a world leading automotive suppliers of six major vehicle modules: seats, cockpits, door modules, acoustic modules, front ends and exhausts. In 2005 the Group reported sales of €11 billion. It has operations in 28 countries and employs 60,000 people at 160 sites. "

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