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Lear Q2 Loss Per Share $4.89
Lear Corp Says Q1 Financial Results Significantly Impacted By Production Disruptions Stemming From Covid-19 Pandemic
Lear Takes Additional Steps To Address Impacts Of Covid-19 Pandemic
Lear Corporation (Lear) is a supplier to the global automotive industry. The Company is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Company's segments include Seating and E-Systems. The Company serves the automotive and light truck market. The Seating segment consists of the design, development, engineering, just-in-time assembly and delivery of complete seat systems, as well as the design, development, engineering and manufacture of all seat components, including seat covers and surface materials, such as leather and fabric, seat structures and mechanisms, seat foam and headrests. The E-Systems segment consists of the design, development, engineering, manufacture, assembly and supply of electrical distribution systems, electronic modules and related components and software for light vehicles across the world.
Auto & Truck Parts
21557 Telegraph Rd
Gregory C. Smith
Independent Non-Executive Chairman of the Board
Raymond E. Scott
President, Chief Executive Officer, Director
Jason M. Cardew
Chief Financial Officer, Senior Vice President
Frank C. Orsini
Executive Vice President and President - Seating
Thomas A. DiDonato
Senior Vice President, Chief Administrative Officer
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Lear Corp is implementing costly safety measures that may hurt productivity at its operations in Mexico after suffering the deadliest known factory-related coronavirus outbreak in the Americas, but the U.S. auto parts maker still faces a battle to win back workers' trust.
General Motors Co <GM.N> said on Thursday it was gradually restarting the transmission and motor lines at its Mexican facilities in Silao and Ramos Arizpe, while U.S. auto parts maker Lear Corp <LEA.N> also geared up for production.
U.S. auto parts maker Lear Corp has asked some workers in Mexico to restart activity on Friday, including training sessions on safety, the company said in a message to employees.
Ford Motor Co on Wednesday closed two U.S. assembly plants as the coronavirus pandemic wreaked early havoc with the No. 2 U.S. automaker's plan to restart North American production and begin making its most profitable vehicles again.
Workers at a Lear Corp autoparts plant in northern Mexico that saw the worst known coronavirus outbreak of any factory in the Americas are now bracing to be sent back to work.
Workers at a Lear Corp <LEA.N> autoparts plant in northern Mexico that saw the worst known coronavirus outbreak of any factory in the Americas are now bracing to be sent back to work.
Honda Motor Co <7267.T> said Wednesday it is temporarily halting production in North America for six days because of the anticipated decline in auto sales due to the coronavirus outbreak and will reduce production by about 40,000 vehicles.
Unionized workers at a Lear Corp seat plant in Whitby, Ontario, which supplies General Motors' Oshawa car and truck assembly operation have walked off the job, the Unifor union said on Friday.
* LEAR NAMES RASHIDA THOMAS CHIEF DIVERSITY OFFICER Source text for Eikon: Further company coverage:
* LEAR REPORTS RECORD FIRST QUARTER 2018 RESULTS AND INCREASES FULL YEAR FINANCIAL OUTLOOK
* LEAR CORP SAYS CEO MATTHEW SIMONCINI'S 2017 TOTAL COMPENSATION WAS $14.8 MILLION VERSUS $14.4 MILLION IN 2016 – SEC FILING Source text for Eikon: (http://bit.ly/2GAsKwP) Further company coverage:
* LEAR APPOINTS FRANK C. ORSINI EVP AND PRESIDENT OF SEATING AND JENEANNE M. HANLEY SVP AND PRESIDENT OF E-SYSTEMS Source text for Eikon: Further company coverage: (Reuters.Brief@thomsonreuters.com)
* LEAR INCREASES SHARE REPURCHASE AUTHORIZATION TO $1.5 BILLION AND RAISES QUARTERLY CASH DIVIDEND BY 40% FROM $0.50 TO $0.70 PER SHARE
* LEAR REPORTS RECORD FOURTH QUARTER AND FULL YEAR 2017 RESULTS
* LEAR TO ACQUIRE EXO TECHNOLOGIES, A DEVELOPER OF GPS TECHNOLOGY FOR AUTONOMOUS AND CONNECTED VEHICLE APPLICATIONS
* Lear president and CEO Matt Simoncini announces retirement date
* Norges Bank reports a 5.11 percent passive stake in Lear Corp as of October 26, 2017 - SEC filing Source text : [ID:http://bit.ly/2gJAn5b] Further company coverage:
* Lear reports record third quarter 2017 results and increases full year financial outlook
* 156,000-sq.ft. facility in Flint to begin production of seats by April 2018 Source text for Eikon: Further company coverage:
* Lear Corporation confirms plans to construct a new world-class automotive seat manufacturing facility in Flint, Michigan
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