PARIS -- French car parts maker Faurecia posted a 3 percent rise in fourth-quarter sales on Thursday despite a slight fall in European car production over the period.
The company, 71.5 percent owned by PSA Peugeot Citroen, said in a statement sales that in the fourth quarter rose to 2.732 billion euros, taking 2004 sales to 10.720 billion euros, a rise of 5.9 percent on 2003.
The company had forecast growth to slow in the fourth quarter due to continued weakness in the European car market. In the third quarter, sales rose 10.7 percent.
Car-part makers have come under pressure from car manufacturers in 2004 as they struggle to maintain margins in a western European market hampered by lackluster demand, fierce price competition and high raw material costs.
Faurecia said sales of car seats rose 6.4 percent in the quarter, with front-end component sales up 9.7 percent and exhaust systems up 3.8 percent in the same period.
However vehicle interior sales fell 2.8 percent in the fourth quarter, the company said.
Faurceia said it would present its forecasts for the coming year when it publishes its full-year results in February.