Lear Corp.

Lear agrees to buy leather supplier Eagle Ottawa in $850 million deal

4:54 pm U.S. ET | Aug. 27, 2014
Lear agreed to buy automotive leather supplier Eagle Ottawa in a deal valued at $850 million that aims to strengthen the company's global seating business....
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Lear to buy leather supplier Eagle Ottawa for $800 million, reports say

5:46 pm U.S. ET | Aug. 19, 2014
Lear is finalizing a deal to acquire automotive seat leather supplier Eagle Ottawa, media reports said, citing sources close to the deal. Lear, based in Michigan, is expected to pay more than $800 million for Eagle Ottawa, the world's largest supplier of leather to the automotive market....
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Magna CEO in a shopping mood in post-Stronach era

6:54 am U.S. ET | Aug. 19, 2014
Magna International, the largest auto supplier in North America, will consider purchases of as much as $4 billion as it distances itself from debt-averse founder Frank Stronach....
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Toyota gives $1 million to help shield Detroit museum's art from bankruptcy sale, aid pensioners

2:34 pm U.S. ET | Aug. 6, 2014
Toyota's North American arm pledged $1 million toward the Detroit Institute of Arts' goal to raise $100 million and help prevent the sale of the museum's collections during Detroit's bankruptcy case and assist city pensioners....
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Lear profits rise on higher vehicle output, record seating volume, electrical gains

8:03 am U.S. ET | July 25, 2014
Lear's second-quarter profits rose to $148.5 million on higher light-vehicle output, record seating sales, and solid gains and expanded profit margins in its electrical distribution business....
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Lear agrees to $8.75 million price-fixing settlement

4:32 pm U.S. ET | May 9, 2014
Seating and electronics supplier Lear will ask a bankruptcy court judge in New York later this month to sign off on an $8.75 million settlement to a Detroit lawsuit involving automotive supplier price-fixing over the previous decade....
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Lear's first-quarter profits rise 12%; 2014 outlook raised

8:44 am U.S. ET | April 25, 2014
Lear reported a 12 percent rise in first-quarter profits, driven by an increase in global vehicle production, and raised its full-year sales outlook....
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SEAT RELIEF

Lear, others devise high-tech ways to support bad backs

12:01 am U.S. ET | April 19, 2014
Lear Corp. wants motorists to sit up straight. The seat maker is developing a "smart" seat that adjusts itself automatically to correct a motorist's posture, important for comfort on long trips....
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Lear adjusted income drops 11% in Q4

3:24 pm U.S. ET | Jan. 31, 2014
Automotive seating and electrical component supplier Lear, profitable all four years since emerging from bankruptcy in November 2009, posted an 11 percent drop in adjusted fourth-quarter profits....
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Lear will open seating plant in Romania

Nov. 20, 2013 14:00 CET
Lear plans to open a factory in Romania to supply automotive seat covers to European automakers....
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Lear raises forecast on strong U.S. demand

Oct. 27, 2013 06:01 CET
Lear, which counts on Europe for more than one-third of its business, raised its full-year sales and operating profit forecast as demand rose for its auto seats and electric power systems....
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Lear raises forecast as strong U.S. auto sales boost demand for parts

8:55 am U.S. ET | Oct. 25, 2013
Lear raised its full-year forecast as demand rose for its auto seats and electric power systems due to strong vehicle sales in the United States....
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