Lear Corporation
Industry: Auto & Truck Parts

ABOUT Lear Corporation Lear Corporation, a Fortune 150 company headquartered in Southfield,Mich., USA, focuses on integrating automotive interiors, including seat systems, interior trim and electrical systems. With 2001 sales of $13.6 billion, Lear ranks as the world's fifth-largest automotive supplier. The company's world-class products are designed, engineered and manufactured by over 115,000 employees in more than 300 facilities located in 33 countries.

Business Summary
Lear Corporation (Lear) is an automotive interior systems supplier. It has capabilities in all five principal segments of the automotive interior market: seat systems, flooring and acoustic systems, door panels, instrument panels and cockpit systems, and overhead systems. The Company conducts its business in three operating segments: seating, interior, and electronic and electrical. The seating segment includes seat systems and components. The interior segment includes flooring and acoustic systems, door panels, instrument panels and cockpit systems, overhead systems and other interior products. The electronic and electrical segment includes electronic and electrical distribution systems, primarily wire harnesses, wireless systems and interior control systems. Lear's customers include automotive manufacturers, such as General Motors, Ford, DaimlerChrysler, BMW, Fiat, PSA, Volkswagen, Renault/Nissan, Toyota, Hyundai, Mazda and Subaru.

Financial Summary
Lear Corp. designs and manufactures interior systems and components for automobiles and light trucks. Lear has in-house capabilities in seat systems, floor and acoustic systems, door panels, headliners and instrument panels. For the 6 months ended 7/2/05, revenues decreased 1% to $8.71B. Net loss totalled $28.8M vs. an income of $207.5M. Revenues reflect unfavorable vehicle platform mix. Earnings also reflect increased interest expenses.