* New common shares to trade on NYSE under ticker LEA

* Holds more than $1 billion in cash

* Cuts debt obligations by $2.8 billion

* Reports Q3 EPS of 32 cents vs year ago's $1.27 (Updates with earnings and revenue results)

NEW YORK, Nov 9 (Reuters) - Automobile parts maker Lear Corp LEA_w.N said on Monday that it had emerged from bankruptcy protection with less than $1 billion in debt.

The maker of seats, door panels and electrical distribution systems for cars also said its new common shares would trade on the New York Stock exchange under the symbol "LEA" in the next few days.

Lear filed for Chapter 11 bankruptcy protection on July 7 and worked with creditors to restructure debt and operations.

The company has cut its debt obligations by about $2.8 billion and emerges from bankruptcy with more than $1 billion in cash and no near-term debt maturities.

"Moving forward, we are committed to maintaining a disciplined financial profile and an investment grade focus that will enable us to continue investing in new products and technologies globally, as well as growth in emerging markets," Chief Executive Officer Bob Rossiter said in a statement.