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The Latest Breaking News from Lear Corp

'Existential Threat': How Tariffs And Uncertainty Could Blow Up The Auto Industry

The clock is ticking.

Workers at GM seat supplier in Missouri each tentative agreement, end strike

Workers at GM seat supplier in Missouri each tentative agreement, end strike

The union representing workers at Lear Corp.’s Missouri plant that makes seats for General Motors vehicles says it has reached a tentative agreement with the company, ending a strike that was in its fourth day

The Independent UK

Strike at plant that makes truck seats forces production stoppage for Missouri General Motors

Strike at plant that makes truck seats forces production stoppage for Missouri General Motors

Production has halted at a Missouri General Motors plant that manufactures trucks and vans, the result of a strike at the company that supplies seats for the vehicles

The Independent UK

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Senate Inquiry Finds Automakers Used Parts From Chinese Company

BMW, Jaguar Land Rover, and Volkswagen implicated in using parts from a Chinese company involved in forced labor. Automakers and suppliers respond to Senat...

Lear Buckles In This Romania-Based Seating Materials Specialist

Lear Corp (NYSE:LEA) has agreed to acquire Thagora Technology SRL, a privately held company specializing in material utilization hardware and software technologies based in Iasi, Romania. The financial terms were not disclosed. "Thagora offers Lear access to scalable, smart-manufacturing tools that will be a valuable addition to our business," said Frank Orsini, Lear…

Lear Q1 Earnings Top Estimates; Cuts FY22 Outlook

Lear Corp (NYSE:LEA) reported a first-quarter FY22 sales decline of 3% year-on-year to $5.21 billion, beating the consensus of $5.04 billion. Global vehicle production decreased 4% Y/Y, with North America down 2%, Europe shedding 18%, and China climbing 8%. Net sales from North America rose 9.3% Y/Y, Europe and Africa fell 13.8%, Asia…

GM Picks Lear To Supply Seats For 2024 Chevrolet Silverado EV Pickup

General Motors Co (NYSE:GM) has selected Lear Corp (NYSE:LEA) to supply front and rear seats to the 2024 Chevrolet Silverado EV pickup. The 40/60 split second-row seat offers four configurations, allowing users to haul gear or equipment while accommodating passengers in the second row. Lear engineered a tuck-and-tumble sequence for the second-row seat for…

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Read Why Morgan Stanley Downgraded This Auto Components Provider

Read Why Morgan Stanley Downgraded This Auto Components Provider

Morgan Stanley analyst Adam Jonas downgraded Lear Corp (NYSE: LEA) to Equal Weight from Overweight with a price target of $175, down from $200, implying a 10% upside.

Lear Q4 Earnings Top Estimates; Warns On Uncertainties Over Semiconductor Shortages, Inflationary Pressures

Lear Q4 Earnings Top Estimates; Warns On Uncertainties Over Semiconductor Shortages, Inflationary Pressures

Lear Corp (NYSE:LEA) reported a fourth-quarter FY21 sales decline of 7% year-on-year, to $4.88 billion, beating the analyst consensus of $4.72 billion. Global vehicle production decreased 13% Y/Y with North America down 15%, Europe down 26%, and China down 4%. Selling, general and administrative expenses fell 4.4% Y/Y to $140.2 million. Core operating…

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