DETROIT -- Lear Corp. said Friday, July 31, that it lost money during the second quarter, but the loss was less than last year's, and sales increased.
For the second quarter ending July 1, Lear reported a net loss of $6.4 million on revenue of $4.80 billion.
For the same period last year, Lear reported a net loss of $44.4 million on revenue of $4.40 billion. Lear said sales increased mostly because of new business in Asia, which helped offset a decline in customer production in North America and Europe.
Lear said its second-quarter results included costs related to restructuring actions, impairments and other special items of $24.0 million. Last year's second-quarter results included restructuring costs of $79.5 million.