Lear Named A FORTUNE 2021 Most Admired Company

Lear Named A FORTUNE 2021 Most Admired Company

This is the fifth consecutive year the company has made the list.

Lear Corp., a global automotive technology leader in seating and e-systems, has been named to FORTUNE magazine’s “World’s Most Admired Companies” list for the fifth consecutive year. 

Lear was awarded fourth place overall in the Motor Vehicle Parts category – the highest ranking for a U.S.-based automotive supplier.

“Receiving this accolade once again is a tremendous tribute to our diverse team and inclusive culture,” said Ray Scott, Lear President and CEO. “Their commitment to operational excellence, bringing innovative solutions to our customers and fostering an inclusive culture are the reasons for our success. We pride ourselves on working as a team, understanding our customers’ needs, supporting local communities and driving long-term profitable growth.”

In 2020, Lear took several actions to support these objectives, including:

  • Creating the Safe Work Playbook in response to the COVID-19 pandemic. Lear shared the 80-plus page document publicly to help other companies reestablish a workplace where employees feel comfortable performing their jobs safely, resulting in more than 35,000 downloads;
  • Adding production capacity to produce more than 10 million face masks for first responders, front line workers, non-profits, local communities and its employees; 
  • Announcing several new environmental goals, including aspiring to achieve net zero carbon emissions by 2050, and planning to use 100% renewable energy at the company’s manufacturing facilities while reducing carbon emissions by 50% by 2030;
  • Joining the United Nations Global Compact, the world’s largest corporate responsibility initiative;
  • Being honored as a diversity-focused company by Corp!Magazine;
  • Receiving two J.D. Power 2020 U.S. Seat Quality and Satisfaction Study awards, sweeping the mass market car categories; and
  • Winning an Automotive News 2020 PACE Award for the innovative in-vehicle commerce platform Xevo Market.

In collaboration with global management consulting firm Korn Ferry, FORTUNE compiled its annual list after surveying 3,820 executives, directors, and analysts from 670 global companies in 52 industry groups about corporate reputation.

Respondents ranked the reputations of companies based on nine factors, including management and leadership quality, product and service quality, innovation, social responsibility, global competitiveness and value as a long-term investment.

You May Also Like

WVE Vehicle Electronics Provides New Part Number Update

In May, 270 new part numbers were introduced, offering more than 220 million sales opportunities, the company says.

WVE Vehicle Electronics introduced 270 new part numbers in May, which are now available for a range of light- and heavy-duty vehicle applications. In all, WVE announced 128 HVAC products, 39 switches, 29 fuel injection products, 25 sensors, 21 connectors, 18 emissions products, 4 relays, 4 electrical products, 1 solenoid, and 1 knock sensor kit – which includes more than 220 million sales opportunities, the company says.

MAHLE Aftermarket Renews Drag Racing Sponsorship

MAHLE renewed its sponsorship with renowned drag racer Melanie Salemi for the 2023 season.

SMP Recognized for Sustainability Efforts

SMP was one of seven auto parts manufacturers to be recognized in USA Today’s Inaugural List of America’s Climate Leaders.

Eastern Catalytic Announces New Part Numbers for May

The new part numbers cover more than 2 million VIO.

Continental Offers TPMS Tools, Sensors in Turnkey Bundle

The bundle combines the company’s Autodiagnos TPMS tools with Continental’s REDI-Sensor TPMS sensors.

Other Posts

Autel Chargers Earn ENERGY STAR Certification

The ENERGY STAR program is administered by the U.S. Environmental Protection Agency.

Auto Care Association’s Awards Season Now Open

All Auto Care Association member companies and employees are eligible to participate.

CAN Connect 2023 Expands New Product Showcase Awards

New award categories include Best New Exterior Accessory Product, Best New Interior Accessory Product and Best New Off Road/4-Wheel Drive Product.

SMP Released 222 New Part Numbers in May

The release provides new coverage in 69 different product categories.