Lear
Company
J.P. Morgan restarts Lear with overweight rating...rating and a December 2010 price target of $83 on the stock. Earlier this month, Southfield, Mich.-based Lear announced its emergence from a four-month bankruptcy. "We believe [Lear's] significantly strengthened balance sheet and... In this article: Lear Corp., Balance sheet, Bankruptcy, MarketWatch, and NEW YORK |
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PR Newswire: Financial | November 05, 2009
Court Confirms Lear's Plan of Reorganization
...Plan of Reorganization See more news releases in: Automotive, Restructuring & Recapitalization Court Confirms Lear's Plan of Reorganization SOUTHFIELD, Mich., Nov. 5 /PRNewswire-FirstCall/ -- Lear Corporation, a leading global supplier of...
In this article: Lear Corporation, New York Stock Exchange, U.S. Bankruptcy Court, Balance sheet, Bankruptcy, and Southfield, Michigan
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SignOnSanDiego.com RSS Feeds Business | July 07, 2009
Business Highlights
...files for Chapter 11 NEW YORK (AP) - Automotive parts supplier Lear Corp. filed for bankruptcy protection on Tuesday after receiving support from lenders and bondholders to reorganize its struggling business. The move had been expected...
In this article: T. Boone Pickens, Internal Revenue Service, NEW YORK, New York Mercantile Exchange, Boeing, Natural gas, Conoco, and Jed S. Rakoff
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Miami Herald - Breaking News | November 13, 2009
New York Times to lay off news service workers
...plan at a hearing in New York. Lear, which makes vehicle seats and electronics, said it expects the plan to become effective and for it to exit Chapter 11 on Monday, once closing conditions have been met. Under the plan, the company's...
In this article: Lear Corp., Time Inc., AOL LLC, New York, The New York Times, Revenue, Recession, Bankruptcy, and USS New York
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Auto parts supplier Lear issues 2009 sales outlook
...for bankruptcy plan Lear Corp. said Thursday that its reorganization plan was approved by a bankruptcy judge, paving the way for the auto supplier to emerge from Chapter 11 after just four months under court oversight. Judge Allan Gropper...
In this article: Lear Corp., Cash flow, Bankruptcy, Delphi, Delphi, General Motors Corp., Balance sheet, Fiscal year, and Revenue
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www.amazon.com
Amazon.com: King Lear of the Taxi: Musings of a New York City ...
Amazon.com: King Lear of the Taxi: Musings of a New York City Actor/Taxi Driver (9780977444601): Davidson Garrett: Books ... The New York City community. Latest ...
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www.mensracing.com
Chris Lear's ING NYC Marathon Journal - www.mensracing.com
Though I'd been to New York City on other occasions, it never seemed as alive to ... I would return to watch the New York City Marathon in years to come, it was ...
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www.runningtimes.com
Running Times Magazine: Lear Chronicles: Chat with Iona's New ...
Lear Chronicles: Chat with Iona's New Coach ... Lear talks to Coach Santos from Iona, a small school just outside of New York City. ...
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adventpurplepress.com
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Davidson Garrett has been a New York City taxi driver for over twenty-five years ... King Lear of the Taxi: Musings of a New York City Actor/Taxi Driver is a ...
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www.newyorkcitytheatre.com
Harvey Lichtenstein Theater New York NY - King Lear Off ...
... Harvey Lichtenstein theatre, Harvey Lichtenstein theater seating chart, Harvey Lichtenstein new york, Harvey ... New York City Theaters > New York City ...
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Description from Wikipedia:
Lear Corporation (NYSE: LEA), headquartered in Southfield, Michigan, USA is a Fortune 500 company, engaged in the business of manufacturing and distribution of automotive interiors systems. In the year 2006, the company has 242 manufacturing facilities in 33 countries across the globe, manned by 90,000 employees, and recorded an aggregate global sales of US$ $17.8 billion in 2006.
Lear grew during the 1980s and 1990s through a series of acquisitions. The company sought to become a supplier of complete interior automotive systems, that is, a supplier of seating, electrical, flooring, interior trim, instrument panels, etc., to OEM auto companies.
Lear is composed of three major divisions:
*The Seating Systems Division
*The Electronic Systems Division
*The Interior Systems Division
As of late 2005, most OEM auto companies had indicated that they no longer wanted to purchase total interiors from any one company. As this was Lear's primary purpose in assembling those three divisions, and the Interior Systems Division was not profitable, the company began seeking to get rid of this division.
In early 2007, Lear Corporation completed the transfer of substantially all of its former North American Interior Systems Division to International Automotive Components Group (IAC), a joint venture of Lear, WL Ross & Co., and Franklin Mutual Advisers. The deal involved 26 manufacturing plants and two Chinese joint ventures. Lear also contributed $27 million in cash for a 25% interest in IAC and warrants for an additional 7%.
Also in 2007, Lear's board of directors agreed to a $2.3 billion takeover offer from American Real Estate Partners, an affiliate of financier Carl Icahn, subject to shareholder approval. Lear has said it will continue to talk to other interested parties, however, Icahn would receive a $100 million fee should another offer be accepted.
- Stock Symbol:
- LEA
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