Lear Corporation Breaks Ground on New Facility in Flint

  Lear Corporation Breaks Ground on New Facility in Flint

Business Wire

SOUTHFIELD, Mich. -- October 2, 2017

Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating
and electrical systems, today broke ground on a new seat manufacturing
facility located on the former site of the historic Buick City complex in
Flint, Mich.

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Ray Scott, executive vice president of Lear Corporation and president of
Lear's seating business, was joined by Flint Mayor Karen Weaver and Tom
McMillen, executive director, Interiors & Safety, Global Purchasing & Supply
Chain at General Motors.

Jason Scott, global vice president for Lear’s GM seating group, presented an
informational overview including specific plans for the Flint plant, and
Gerald Kariem, Director of UAW Region 1D, provided additional remarks.

Lear’s Flint seating plant will be the first major automotive supplier
manufacturing facility constructed in Flint in more than 30 years. Plans call
for the 156,000-sq.ft. facility to begin production of seats by April 2018.
The world-class facility will employ approximately 600 workers, when it
reaches full production. Thirty percent of the 33-plus acre site will be green
space.

Lear chose the Buick City site for a number of reasons including: its
proximity to the homes of many of its workers, the location of the GM plant,
as well as the corporation’s objective to give back to the communities in
which it operates. The Flint area has been hard hit in recent years, and Lear
also wants to bring manufacturing back to the area since many manufacturing
jobs in Flint have been lost over the past several decades.

Flint holds sentimental value for Ray Scott, who grew up in Flint and worked
while attending the University of Michigan-Flint delivering parts just-in-time
to General Motors.

“I have a lot of pride in Flint; it helped shape who I am today,” he said. “We
had options for other locations that we considered, but what was important to
us was that this was the right thing to do from a community standpoint. To
build a modern, state of the art facility at that location is very symbolic
and historic.”

Lear worked with GM and the City of Flint while deciding on the location for
the new manufacturing facility. The Michigan Strategic Fund board approved a
$4.35-million Michigan Business Development Program performance-based grant to
support Lear’s $29.3-million capital investment at the site, which includes
the subassembly and final assembly of automotive seats.

“We have a long relationship with Lear during its 100 years of business,” said
Mr. McMillen. “Lear has earned GM's coveted Supplier of the Year designation
16 times and our partnership continues as we both commit to this next phase
for Flint. Our next-generation vehicles to be produced in Flint are our newest
step in almost $3 billion we have invested in Flint since 2009."

“We are proud to partner with Lear on this exciting new project,” said Mayor
Weaver. “We are pleased to have established a good relationship with a company
that has demonstrated it supports the communities where it does business. This
project will provide opportunities for Flint residents and an overall positive
impact on our local economy. Both Lear and the City of Flint are looking
positively to the future.”

About Lear Corporation

Lear Corporation (NYSE: LEA) was founded in Detroit in 1917 as American Metal
Products. In 2017, the Company will celebrate its 100th year anniversary. Lear
is one of the world's leading suppliers of automotive seating and electrical
distribution systems. Lear serves every major automaker in the world, and Lear
content can be found on more than 400 vehicle nameplates. Lear’s world-class
products are designed, engineered and manufactured by a diverse team of
approximately 156,000 employees located in 38 countries. Lear currently ranks
#151 on the Fortune 500. Lear's headquarters are in Southfield, Michigan.
Further information about Lear is available at lear.com or follow us on
Twitter @LearCorporation.

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Contact:

Lear
Mel Stephens
248.447.1624
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