SOUTHFIELD, Mich. -- Lear Corp. is withdrawing its full-year 2008 financial guidance as a result of further weakness in global automotive demand and overall industry uncertainty.
"The weakness we are seeing in global automotive production, as well as the very fluid industry environment is unprecedented. In response, we have been aggressively attacking our cost structure and pro-actively managing our liquidity position," said Bob Rossiter, Lear's chairman, chief executive officer and president.
