Seating and electronics suppiler Lear Corp. is working to sell its three manufacturing plants in Russia almost a year after suspending operations due to Russia's war on Ukraine.
The company is aiming to sell its assets in Russia within the first half of this year, CEO Ray Scott told Crain's Detroit Business in an interview Monday, adding that legal issues and other complexities have made the process slow moving.
"We're exiting Russia," he told the Automotive News affiliate. "(There are) issues that we have to take care of, but we're exiting. For the most part, all of our manufacturing plants are shut down."