SOUTHFIELD, Mich. — For the third quarter of 2008, Lear reported net sales of $3.1 billion and a pretax loss of $77.3 million, including restructuring costs of $45.8 million. This compares with net sales of $3.6 billion and pretax income of $60.1 million, including restructuring costs of $37.3 million and other special items of $8 million, for the third quarter of 2007.

Net loss was $98.2 million, or $1.27 per share, for the third quarter of 2008 as compared with net income of $41 million, or 52 cents per share, for the third quarter of 2007.

Lear said the decline in net sales for the quarter primarily reflects a significant reduction in production of our key platforms in North America and Europe, offset partially by favorable foreign exchange.