Latest Lear Stories

DUBLIN, April 26, 2013 /PRNewswire/ -- Research and Markets has announced the addition of the "Automotive Seating Systems Report 2013" report to their offering.      (Logo: http://photos.prnewswire.com/prnh/20130307/600769 ) The global seating market is clearly led at the tier one level by two US companies and one European company, JCI, Lear and Faurecia. Lear and JCI are also very strong in China owing to their having been early entrants into this market, following General Motors...

LUXEMBOURG, Aug. 16, 2012 /PRNewswire/ -- Dennis Richardville has been named Chief Financial Officer (CFO) at International Automotive Components (IAC) Group, Jim Kamsickas, IAC president and chief executive officer, announced today. The appointment is effective immediately. Richardville has served as IAC's interim CFO since March and brings more than 25 years of financial experience and leadership to the post. He has served as Vice President, Finance and Global Corporate...

SOUTHFIELD, Mich., Aug. 15, 2012 /PRNewswire/ -- Lear Corporation [NYSE: LEA], a leading global supplier of automotive seating and electrical power management systems, today announced that its Board of Directors has declared a quarterly cash dividend of $0.14 per share on the Company's common stock. The dividend is payable on September 25, 2012 to shareholders of record at the close of business on September 6, 2012. Lear Corporation is one of the world's leading suppliers of...

DETROIT, June 14, 2012 /PRNewswire/ -- One hundred East English Village Preparatory Academy high school students will travel four days each week to neighboring J. E. Clark Preparatory Academy beginning this fall under an innovative paid tutoring program aimed at raising student achievement and supporting successful transitions to high school. The three-year, $1.5 million project, jointly developed by the schools' principals, district academic leadership, Lear Corporation and...

NEW YORK, June 8, 2012 /PRNewswire/ -- WebMD Health Corp. (NASDAQ: WBMD) today announced that it will appoint David Schechter, a nominee of Carl C. Icahn and certain of his affiliated entities ("Icahn Group"), to its Board of Directors. Mr. Schechter, a Portfolio Manager for Icahn Capital which is WebMD's largest shareholder, will join the Company's Board of Directors immediately following the Company's annual meeting on July 24, 2012. "We welcome David Schechter to the Company's...

SOUTHFIELD, Mich., May 31, 2012 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical power management systems, has completed the acquisition of Guilford Mills, a global leader in automotive and specialty fabrics. The purchase price was $257 million. "The acquisition of Guilford is consistent with our strategy to strengthen and grow our core businesses by expanding our component capabilities," said Matt Simoncini, Lear's...

SOUTHFIELD, Mich., May 16, 2012 /PRNewswire/ -- Lear Corporation [NYSE: LEA], a leading global supplier of automotive seating and electrical power management systems, today announced that its Board of Directors has declared a quarterly cash dividend of $0.14 per share on the Company's common stock. The dividend is payable on June 26, 2012 to shareholders of record at the close of business on June 7, 2012. Lear Corporation is one of the world's leading suppliers of automotive...

SOUTHFIELD, Mich., April 25, 2012 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical power management systems, today announced its Solid State Smart Junction Box(TM) (S3JB(TM)) has won a 2012 Automotive News PACE (Premier Automotive Suppliers' Contribution to Excellence) Award honoring superior innovation, technological advancement and business performance among automotive suppliers. This prestigious award, now in its...

LOS ANGELES, April 19, 2012 /PRNewswire/ -- With the legalization of marijuana back in the headlines on the eve of 4/20, a new study says that America's most popular primetime shows reflect growing skepticism about the effectiveness of the 40-year-old War on Drugs, which was debated this week at the Summit of the Americas. The study also found that primetime dramas stayed closer to reality than common stereotypes about what drugs Americans are abusing and what drug users look like....

SOUTHFIELD, Mich., April 11, 2012 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical power management systems, today announced that it has signed an agreement to acquire Guilford Mills, a privately-held portfolio company of Cerberus Capital Management, L.P. that manufactures fabrics for the automotive and specialty markets. Guilford, which is headquartered in Wilmington, North Carolina, has been a supplier of fabrics...