Car parts maker Faurecia sees record profits in 2022, shares rise

PARIS (Reuters) - French car parts maker Faurecia said it was targeting record sales, profits and cash generation in 2022 as a result of its strategy programme and the boost from its acquisition of Japanese company Clarion, lifting its shares.Faurecia, which is 46 percent owned by Peugeot-maker PSA , expected annual average sales growth of above 5 percent between 2019-2022, with sales reaching above 20.5 billion euros (17.61 billion pounds) in 2022.Faurecia, whose main French rival is Valeo ,..