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Last $114.11 USD
Change Today -2.30 / -1.98%
Volume 795.3K
As of 8:04 PM 10/13/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

21557 Telegraph Road

Southfield, MI 48033

United States

Phone: 248-447-1500


Lear Corporation designs and manufactures automotive seating and electrical distribution systems and related components to automotive original equipment manufacturers worldwide. Segments The company operates through two segments, Seating and Electrical. Seating This segment provides automotive seat systems and key individual seat component parts. This segment consists of the design, development, engineering, just-in-time assembly, and delivery of complete seat systems, as well as the design, development, engineering, and manufacture of all major seat components, including seat structures and mechanisms, seat covers, and surface materials, such as fabric and leather, seat foam, and headrests. The company produces seat systems that are fully assembled and ready for installation in automobiles and light trucks. Seat systems are designed and engineered for specific vehicle models or platforms. The company develops seat systems and components for all vehicle segments from compact cars to full-size sport utility vehicles. The company offers luxury and performance automotive seating, providing craftsmanship, elegance in design, and use of materials and technology required by the premium automakers, including Alfa Romeo Automobiles S.p.A.; Audi AG; Automobili Lamborghini S.p.A.; BMW AG; Cadillac; Ferrari S.p.A.; Jaguar Land Rover; Lincoln; Maserati; Mercedes-Benz; and Porsche AG. The company also produces components that comprise the seat assemblies, such as seat structures and mechanisms, seat trim covers, and surface materials, such as fabric and leather, headrests, and seat foam. It has expanded its seat cover operations, including precision cutting, assembly, sewing and lamination of seat fabric, in low-cost markets, entered the fabric business (through its acquisitions of New Trend and Guilford Performance Textiles), added leather design, development, and manufacturing capabilities (through its acquisition of Everett Smith Group Ltd., the parent of Eagle Ottawa, LLC), expanded its precision engineered seat mechanism expertise, and increased its foam capability through global expansion. The company’s mini recliners and micro adjust tracks are seat mechanisms, which provide precision movement. Its Lear Crafted Comfort Connect and Advanced Comfort Systems are adjustable cushions, seat backs, and side bolsters, which support correct posture and provide improved comfort and appearance. The company’s AventinoR leather and Guilford TeXstyle fabrics provide premium leather perforated for seat ventilation and customizable fabric engineered to improve the vehicle experience and durability. The company’s Dynamic Environmental Comfort Systems offer weight reductions of 30% — 40%, as compared to current foam seat designs. Its SoyFoam seats, which are used by multiple global customers, are approximately 24% renewable, as compared to non-renewable, petroleum-based foam seats. Its seat components, including recliner mechanisms, seat tracks, and seat trim covers, are manufactured in batches. Competition: This segment primarily competes with Johnson Controls, Inc.; Faurecia S.A.; Toyota Boshoku Corporation; TS Tech Co., Ltd.; and Magna International Inc. Electrical This segment consists of the design, development, engineering, and manufacture of complete electrical distribution systems that route electrical signals and manage electrical power within a vehicle. Key components of this segment include wiring harnesses, terminals and connectors, junction boxes, battery chargers, electronic control modules, and wireless control devices. The company is able to provide its customers with design and engineering solutions involving manufactured systems, modules, and components that optimally integrate a vehicle’s entire electrical distribution system, including wiring, terminals and connectors, junction boxes, and electronic modules. Its Solid State Smart Junction Box integrates advancements in terminal and connector technology, junction box and electronic control module capability, and complete electrical distribution system expertise. The company has focused and aligned its product offerings to provide the comp


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