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Lear plans to launch vehicle connectivity technology in Audi vehicles in the fourth quarter of 2018.
Lear has received a grant from the state of Michigan's development arm to build a $30 million plant at the old Buick City complex in Flint, Mich.
Silicon Valley and Detroit need each other -- for data and for image enhancement, Lear CEO Matt Simoncini says.
Lear posted a 10 percent increase in profit for the second quarter from growth in seating revenue and higher margins. The supplier reported net income of $311.9 million.
Matt Simoncini shouted above the noisy crowd at a fundraiser he was sponsoring last week for the Motown Museum in Detroit. "Delphi! Delphi! Anybody here from Delphi!"
Lear's plant in Whitby, Ont., once slated for closure, will assemble seats for General Motors' Oshawa assembly plant under a newly ratified labor agreement.
Bigger profits and a positive outlook rang out from the quarterly earnings reports of several auto suppliers last week.
Lear is partnering with Wyoming to enable vehicle-to-vehicle and vehicle-to-infrastructure communication in the state.
The automotive industry landscape is changing via rapid advancements in technology. So much so, that suppliers are joining their manufacturing customers in a whole new industry -- mobility.
Lear's deal to buy Spain's Grupo Antolin seat operations strengthens the suburban Detroit company in Europe.
Lear said it agreed to buy Grupo Antolin's automotive seating unit for about $307 million in a bid to expand sales abroad.
Kia, Lexus lead Super Bowl ad winners; Toyota posts lower earnings, offers detail on Suzuki collaboration; Lear to buy seat business; Hyundai, Chevy, Nissan, Subaru plan Chicago reveals.
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