PARIS (Reuters) -- Faurecia said it expected a limited impact from its biggest client Volkswagen Group's struggle with a diesel-emissions scandal.
To illustrate its exposure to Volkswagen, the French supplier said that its sales of diesel car parts to Europe's largest carmaker were only 160 million euros ($183 million), a fraction of the 14 billion euros in sales it reported last year.
Of that, only 10 million euros were in North America, where Volkswagen was plunged into crisis last month after it admitted that it had installed software in diesel vehicles to deceive U.S. regulators about their true level of emissions.
"Most programs have not moved. If VW should lose some business, we can recover some through our other customers," Faurecia Chief Financial Officer Michel Favre said on a conference call.
"We have made some small estimates, I would not say it is immaterial, but for the moment our consideration is that if something happens, materiality would be very limited," he added.
Faurecia, which is about 51 percent owned by PSA/Peugeot-Citroen, said third quarter sales rose 8.3 percent to 4.74 billion euros as a recovery in Europe helped to offset a slowdown in China. Sales were up 4.6 percent when adjusted for exchange rate fluctuations and changes in the group's scope.
The company also said that it was sticking to its 2015 and 2016 financial targets.