Lear Corp - Company Profile
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Business Description
Lear Corp (Lear) designs, develops, engineers and manufactures complete seat systems, keyseat components, seat subsystems, electrical distribution and connection systems, electronic systems, software, and connected services for the automotive industry.
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R&D Overview
The R&D arms of the company focus on identifying and implementing new technologies for use in the design and development of its products. It operates global innovation and technology center in Southfield, Michigan, the US. The company also operates seven advanced technology centers. As of December 2022, it had 2,600 patents and patent applications pending.
Business Segments
Overview
Design, development, engineering and manufacture of complete electrical distribution and connection systems, software, connected services, and electronic systems. Key components include wire harnesses, terminals and connectors, and engineered components for both ICE and electrified vehicle architectures that require management of higher voltage and power. In FY2022, the segment's capital expenditure stood at US$241.3 million, which grew 11.09% YoY.
Performance
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Overview
Designs and manufactures complete seat systems, seat subsystems, and keyseat components and enables synchronized assembly and delivery of high volumes of complex complete seat systems. Comprises advanced comfort, wellness, safety and sound offerings, configurable seating product technologies, and the full range of hybrid, plug-in hybrid, and battery-electric architectures. In FY2022, the segment's capital expenditure stood at US$369.4 million, which grew 8.4% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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