(europeanplasticsnews) -- Faurecia, a major French supplier of seats, interiors, exhaust systems and exterior parts, is angling for a much bigger share of North American sales.
CEO Yann Delabriere, 61, is counting on strong sales to German automakers, along with fast-growing demand for luxury components, diesel exhaust systems for commercial trucks, and parts for global vehicles such as the Ford Focus and Fiesta to fuel his company's market share growth.
In fact, Delabriere predicts that Faurecia, which ranks No. 9 on the Automotive News list of the top 100 suppliers to North America, will move up to No. 5.
Faurecia sales in North America were up almost 30% for the first nine months, and the fourth quarter could be even better.
Delabriere said: "We have said that we need to build 60 new plants or major expansions of existing plants worldwide through 2015. We already have 42 projects under way. We will spend EUR 2.3bn through 2015."