Faurecia SE on Monday posted lower 2019 earnings, capping a challenging year amid a decline in automotive production markets that it sees continuing in 2020. The French automotive supplier posted net income of 590 million euros ($639 million), down from EUR701 million the year before. The company had higher restructuring costs as it sought to adapt to challenging market conditions, as well as charges related to its acquisition of Clarion, it said.
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