SOUTHFIELD, MI -- Lear Corp. has reached an agreement to establish two joint ventures with Comer Holdings, LLC, for the assembling, sequencing and manufacturing of automotive interior components to the automotive industry.

Comer Holdings acquired a 51 percent ownership interest in Bing Assembly Systems, LLC (BAS), the former joint venture between Lear and Bing Manufacturing Inc., as part of a reorganization in which a Bing Group affiliate has acquired BAS's Detroit plant. The Detroit facility will continue to supply Lear with components under a long term supply agreement. In addition, Comer Holdings has agreed to assume a 51 percent ownership in JL Automotive (JLA), the former joint venture between Lear and Piston Automotive. Financial terms of the agreement were not disclosed.

Comer Holdings is a minority business wholly owned by Jim Comer, formerly president of North American Joint Ventures and Diversity at Lear, who recently retired from the company after 18 years of service. As the majority owner in Integrated Manufacturing and Assembly LLC (formerly BAS) and CL Automotive LLC (formerly JLA), Comer will oversee the operations of facilities in Brownstown and Highland Park, MI, Newark, DE, and Berne, IN, with approximately 900 employees and annual sales of about $350 million.

To learn more about Lear Corp., go to: www.lear.com .

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