Lear Archives - Page 3 of 4 - aftermarketNews
Lear Hires Alicia Davis To Lead Investor Relations Function

Davis will report to Ray Scott, Lear’s president and CEO, and will lead the ongoing development and implementation of Lear’s investor relations strategy.

Lear Investor Day: Company Positioned For Continued Profitable Growth

Sales are projected to reach more than $30 billion by 2023 with average growth of around 7 percent per year.

Lear Hires John Absmeier As Chief Technology Officer

In his position of chief technology officer, Absmeier will lead all aspects of the company’s technology and innovation efforts.

Lear Names Rashida Thomas As Its Chief Diversity Officer

Thomas joins Lear from Focus: Hope, where she was the director of workforce development and education for the past six years and was involved in leading all fiscal, programmatic and operational business for the Focus: Hope workforce.

Lear Reports Record 1st Quarter 2018 Results And Increases Full Year Financial Outlook

In the first quarter of 2018, sales were $5.7 billion, an increase of 15 percent year-over-year.

Lear Makes Executive Appointments

Lear has appointed Frank Orsini as executive vice president and president of seating, and Jeneanne Hanley as senior vice president and president of e-systems.

Lear To Acquire EXO Technologies

EXO Technologies is a developer of GPS technology providing high-accuracy solutions for autonomous and connected vehicle applications.

Lear President And CEO Matt Simoncini Announces Retirement Date

Upon Simoncini’s retirement, Ray Scott (right), executive vice president and president of seating, will be appointed president and CEO, as well as a member of Lear’s board of directors.

Honeywell And Lear To Collaborate On Automotive Cybersecurity Software Solutions

The two companies are working under a non-exclusive agreement to develop an effective system to identify and validate software commands and data generated by more than 100 million lines of code governing modern vehicle operation.

Lear Corp. Confirms Plans To Construct New Automotive Seat Manufacturing Facility In Flint, Michigan

Lear’s new facility will provide seats on a just-in-time basis for future vehicle production at GM’s Flint Assembly plant and will add manufacturing jobs and economic growth to the State of Michigan.

Lear Announces Closing Of Transactions

The offering follows the closing of a new $2 billion credit agreement announced Aug. 8, 2017.

Lear Refinances Credit Agreement

The new credit agreement consists of a $1.75 billion revolving credit facility and a $250 million term loan facility.