Automotive seating and leather manufacturer Lear Corporation has reported full-year revenues of $19.25 billion for 2021, an increase of 13% compared to the previous year.

The company said that global vehicle production increased by 3% in 2021 but was still “significantly impacted” by covid-19 and by global semiconductor shortages. Global production was flat in North America and down by 4% in Europe, but it increased by 5% in China.

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