Record sales for Lear in Q2 - leatherbiz: Leading news site for the gl Leatherbiz

News

Record sales for Lear in Q2

29/07/2016
Automotive seating supplier Lear Corporation reported record sales of $4.7 billion in the second quarter of 2016, a 2% increase on the same period of last year. Net income for the quarter was $282 million.

Lear, which also supplies electrical systems to the automotive industry, achieved sales of $3.6 billion in its seating segment, 2% up on the second quarter of 2015.

Speaking about this area of the business, Lear president and CEO, Matt Simoncini said: “we have received outstanding customer response to our craftsmanship initiative and our new 'Intelligent Seat’.”

Related stories:

Smart investments boost Lear sales 27/10/2016
Lear to build leather processing plant in Yangzhou 25/08/2016
Lear to build new HQ in Asia 09/06/2016
Lear opens leather cutting plant in Hungary 22/04/2016
‘Differentiated’ Lear reports record 2015 sales 01/02/2016
Lear Corporation to expand its business in Mexico 07/10/2015
Lear to open Macedonian leather seat plant to serve European auto groups 20/05/2015
Record quarterly profit for Lear 27/04/2015
Lear Corporation sings the praises of Eagle Ottawa 14/01/2015

Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.