Lear Corp.

Lear Q1 net income, revenue up after Eagle Ottawa acquisition

11:25 am U.S. ET | April 24, 2015

Seating and electronics supplier Lear acquired leather supplier Eagle Ottawa in the first quarter and said that net income during the period increased 20 percent and revenue jumped 3.7 percent from the year earlier....
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Lear to buy more shares, boost dividend

10:09 am U.S. ET | Feb. 17, 2015

Weeks after receiving a letter from an activist investor urging the company to split into two separately traded public companies, Lear said today it will increase its share repurchase program and quarterly dividend....
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Activist investor urges Lear to split in two for seating, electronics

11:25 am U.S. ET | Feb. 3, 2015

An activist investor is urging Lear to split in two for better shareholder value. Marcato Capital Management LLC sent a letter to Lear's board today urging the company to split its two divisions -- electrical and seating -- into two separate companies....
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Lear completes acquisition of automotive leather supplier Eagle Ottawa

10:44 am U.S. ET | Jan. 6, 2015

Seating and electronics supplier Lear has closed on its $850 million acquisition of automotive leather supplier Eagle Ottawa LLC....
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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

BLOG: 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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