SPAIN: CIE Automotive’s nine months profit falls 4% to US$62.6m

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Despite uncertainty in some markets, CIE Automotive remains confident of equalling its 2011 results. In the first nine months of the current year, sales were EUR1,179m (US$1,529m) (down 8%) and net profit was EUR48.3m, 4% less than the same period in 2011, a record year for the company.