Lear Corp - Company Profile
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Lear Corp (Lear) is a supplier of full-line automotive seat systems, electrical distribution systems and electronic products. The company designs, develops, engineers, manufactures and distributes seat covers and surface materials such as leather and fabric, seat structures and mechanisms, seat foam, headrests, terminals and connectors, junction boxes, high-power components for hybrid and electric vehicles and electronic control modules. Lear serves every major automaker in the world. Its customers include General Motors, Ford, Daimler, and Stellantis. The company has operations in the US, Mexico, China, Germany, Singapore, Vietnam, the Philippines, Thailand, and other countries. Lear is headquartered in Southfield, Michigan, the US.
Lear Corp premium industry data and analytics
Products and Services
Products | Services | Brands |
---|---|---|
Seating: | Software and Connected Service | Guilford |
Structure Systems | Eagle Ottawa | |
Mechanisms | ConfigurE+ | |
XYZ | XYZ | |
XYZ | XYZ | |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | Contracts/Agreements | In May, the company announced to partner with Klockner & Co. and its subsidiary, Becker Stahl-Service GmbH to provide CO2-reduced steel. |
2023 | Acquisitions/Mergers/Takeovers | In April, the company and E-Systems acquired I.G. Bauerhin is a privately held supplier of automotive seat heating, ventilation, active cooling, steering wheel heating, seat sensors, and electronic control modules. |
2022 | Acquisitions/Mergers/Takeovers | In November, the company acquired InTouch Automation, a supplier of Industry 4.0 technologies and complex automated testing equipment critical in producing automotive seats. |
Competitor Comparison
Key Parameters | Lear Corp | Toyota Motor Corp | Honda Motor Co Ltd | Robert Bosch GmbH | Magna International Inc |
---|---|---|---|---|---|
Headquarters | United States of America | Japan | Japan | Germany | Canada |
City | Southfield | Toyota-Shi | Minato-Ku | Stuttgart | Aurora |
State/Province | Michigan | Aichi | Tokyo | - | Ontario |
No. of Employees | 186,600 | 375,235 | 197,039 | 421,338 | 179,000 |
Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Raymond E. Scott | President; Director; Chief Executive Officer | Executive Board | 2018 | 57 |
Jason M. Cardew | Chief Financial Officer; Senior Vice President | Senior Management | 2019 | 52 |
Amy A. Doyle | Vice President; Chief Accounting Officer | Senior Management | 2017 | 55 |
Alicia J. Davis | Chief Strategy Officer; Senior Vice President | Senior Management | 2021 | 52 |
Harry A. Kemp | General Counsel; Senior Vice President; Chief Administrative Officer | Senior Management | 2023 | 47 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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