News

‘Challenging environment’ for Lear

30/10/2019

Automotive industry supplier Lear Corporation, the owner of Eagle Ottawa tannery, has blamed a “challenging environment” for a 1% drop in third quarter sales to $4.8 billion. Ray Scott, Lear’s CEO, said global industry production was down 3% year over year. He added: “Despite these headwinds, we delivered solid quarterly financial results. We...

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