Lear targets sales of $30 billion by 2023 - leatherbiz: Leading news s Leatherbiz

News

Lear targets sales of $30 billion by 2023

29/06/2018
Automotive seating supplier Lear Corporation hosted an investor day at its global product and technology centre in Michigan on June 27, during which it set out its plans for its two business segments: Seating and E-Systems. 

Speaking ahead of the event, Lear president and CEO, Ray Scott, said: "Lear is in the strongest competitive position in its 100-year history. This is truly an exciting time in the automotive industry, and Lear is positioned to accelerate our growth, improve our earnings and continue to deliver superior shareholder returns."

The company also used the meeting to outline the growth opportunities which it believes will help it increase its sales from the $22 billion it expects to achieve this year to $30 billion in 2023. These include seating opportunities in the CUV/SUV market segment and in South America.

Related stories:

Lear hampered by drop in global vehicle production 29/07/2019
Double recognition for Lear at General Motors awards 23/05/2019
Lear hit by ‘significant declines’ in automotive production 26/04/2019
Drop in global vehicle production hits Lear results 28/01/2019
Lear plans for the future with new investment vehicle 09/01/2019
Lear revises outlook after flat third quarter 26/10/2018
General Motors recognises Lear as a leading supplier 03/05/2018
New Lear chief executive celebrates record quarter 27/04/2018
Simoncini to leave Lear in 'strongest position in its history' 30/01/2018
Outgoing Lear Corporation CEO wins business accolade 10/01/2018
Lear to undergo leadership transition in 2018 21/11/2017

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.