Lear Corp.

Lear says Q3 profit rises 24% as global production grows

7:46 am U.S. ET | Oct. 24, 2014
Lear, which supplies auto seats and electrical power systems, today reported a 24 percent rise in quarterly profit, helped by a rise in global vehicle production....
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IAC opens 2 plants in China

1:16 pm U.S. ET | Oct. 17, 2014
International Automotive Components, the interior auto parts supplier formed from other companies including Lear's interiors business and the assets of the bankrupt Collins & Aikman, opened two plants in Changshu, China, this week....
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Pay gap remains under Lear UAW contract after demise of two-tier wages

3:02 pm U.S. ET | Sept. 22, 2014
The UAW has ended two-tier wages for the majority of workers at a Lear seating plant in Indiana, but certainly not all. A new four-year UAW contract ratified Sunday promises wage parity for about 450 of the 760 workers at Lear's Hammond, Ind., plant, said Tom DiDonato, Lear senior vice president of human resources....
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Tier 2 wage fight at Lear moves to Detroit 3

12:01 am U.S. ET | Sept. 22, 2014
A new UAW contract that eliminates lower pay for new hires at a Lear Corp. seat plant in Indiana is the opening salvo in a fight over so-called Tier 2 wages that will play out next year in contract negotiations between the UAW and the Detroit 3....
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UAW local ratifies Lear contract ending 2-tier wages

7:45 pm U.S. ET | Sept. 21, 2014
UAW-represented employees at a Lear seat plant in Indiana ratified a new contract today ending a wage structure that pays new-hires less than their veteran colleagues....
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Lear contract first step in eliminating two-tier wages, Canadian union chief says

12:01 am U.S. ET | Sept. 18, 2014
The head of Canada's largest auto worker union said a tentative UAW contract ending two-tier pay disparity at a Lear seat plant in Indiana was the first step in eliminating the practice at Detroit 3 plants in the United States....
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DAVID BARKHOLZ

Strike shows restless UAW is going after two-tier wage system

3:30 pm U.S. ET | Sept. 16, 2014
The word “strike” has returned to the UAW lexicon. The union struck on Saturday at a Lear plant in Indiana that makes seats for Ford's Chicago Assembly Plant. Workers were back on the job a day later....
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UAW deal with Lear would shed two-tier wages at Ind. plant

10:16 pm U.S. ET | Sept. 15, 2014
The agreement that ended a one-day strike at a Lear seat plant supplying Ford in Chicago would get rid of a wage structure that pays new-hires less than their veteran colleagues, a union official said....
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UAW strike at Lear plant in Indiana ends after 1 day

12:19 pm U.S. ET | Sept. 15, 2014
The UAW's strike at a Lear Corp. seating plant that supplies Ford's assembly plant in Chicago was ended after one day....
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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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