Lear Corporation (LEA)
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- Benzinga
Lear Acquires InTouch Automation For Undisclosed Sum
Lear Corp (NYSE: LEA) has acquired InTouch Automation, a supplier of Industry 4.0 technologies and complex automated testing equipment critical in producing automotive seats. The financial details of the transaction were not disclosed. InTouch, founded in 2006, is privately owned and based in Novi, Michigan. InTouch's product portfolio fits with Lear's strategy to automate the testing and validation of components and finished seats. These high-tech solutions also allow Lear to collect and analyz
- Benzinga
Lear Posts Q3 Earnings Above Street Estimates
Lear Corp (NYSE: LEA) reported third-quarter FY22 sales growth of 23% year-on-year to $5.24 billion, beating the consensus of $5.17 billion. Global vehicle production increased 29% Y/Y, with North America rising 24%, Europe gaining 20%, and China climbing 35%. Net sales from North America rose 27.7% Y/Y, Europe and Africa grew 19.2%, Asia increased 18.8%, and South America rose 22.8%. Selling, general and administrative expenses remained flat at about $163.9 million. Core operating earnings were
- Benzinga
Lear Wins New Business With GM - What's The Benefit?
Lear Corp (NYSE: LEA) has been chosen by General Motors Co (NYSE: GM) to supply key electrification technologies for the automaker's Ultium global electric vehicle platform. The financial terms were not disclosed. The technologies Lear will provide include, Battery Disconnect Units (BDU), Intercell Connect Boards (ICB), and Wire Harnesses. Also Read: GM Targets Budget Friendly Buyers With Latest EV Offering "We are honored to have been selected to provide technologies to support GM's vision for
