Industry: Truck Auto Parts
Fortune Rank: 242
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 totaled $28.8M vs. an income of $207.5M. Revenues reflect unfavorable vehicle platform mix. Earnings also reflect increased interest expenses.
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.
Lear Corporation achieved a revenue of $9,739.60 million in 2010 but is one of the very few companies on the Fortune 500 for which profit figures are officially not available for this year.
Lear Corporation's rank changes
The company's ranking in 2010 was a decline from 2009 when it was ranked 195th on the Fortune 500. The Previous ranking was based on its 2009 revenue of $13,571 million (a change of -4 million compared to 2010) and profits of $-690 million (a change of 690 million compared to 2010).
Another point of view
To many investors, profits are more important than the revenue a company earns, but unfortunately Lear Corporation's profit figures for 2010 are not available.
|Lear Corporation||Revenue*||Profit*||Fortune Ranking|
* US$ Million
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