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

PARIS (Reuters) - French car parts group Faurecia reported a rise in annual profits and sales, and added it was targeting further growth for 2020 even though market conditions would be challenging this year.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. Sales rose 1.4% to 17.77 billion euros and Faurecia's operating margin stood at 7.2%, while its net cash flow rose 11.2% from last..