Last €80.31 EUR
Change Today +1.46 / 1.86%
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As of 3:18 PM 12/23/14 All times are local (Market data is delayed by at least 15 minutes).

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12/23/14 - €81.27
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lear corp (LE6N) Details

Lear Corporation designs, manufactures, assembles, and supplies automotive seating, electrical distribution systems, and related components primarily to automotive original equipment manufacturers worldwide. It operates through two segments, Seating and Electrical. The Seating segment provides seats and related components, such as seat structures and mechanisms, seat covers, seat foam, headrests, seat frames, recliner mechanisms, and seat tracks primarily for automobiles and light trucks, compact cars, and sport utility vehicles. The Electrical segment provides electrical distribution systems for traditional powertrain vehicles, as well as for hybrid and electric vehicles. This segment’s products include wiring harnesses, terminals and connectors, junction boxes, electronic control modules, and wireless control devices; passive entry systems, remote keyless entry, and dual range/dual function remote keyless entry systems; lighting control modules; LED lighting control systems for the vehicle interior and exterior; and audio systems, such as amplifiers and vehicle sound systems. Lear Corporation was founded in 1917 and is headquartered in Southfield, Michigan.

122,300 Employees
Last Reported Date: 02/11/14
Founded in 1917

lear corp (LE6N) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.2M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $683.6K
Executive Vice President and President of Sea...
Total Annual Compensation: $818.2K
Vice President
Total Annual Compensation: $427.3K
Executive Vice President of Business Developm...
Total Annual Compensation: $818.2K
Compensation as of Fiscal Year 2013.

lear corp (LE6N) Key Developments

Lear Plans to Lay Off 100 Workers at Canadian Seat Plant

Lear announced that it has plans to lay off 74 full-time and 32 temporary workers at its manufacturing plant in Whitby, Ontario (Canada), as General Motors (GM) is changing production volumes at its plant in Oshawa, Ontario. The lay-offs are effective from December 23, 2014.

Lear to Open New Facility in Indiana by June 2015

Lear plans to expand its operations in the US, investing USD 7.3 million to lease and equip a new 93,000 square foot facility in Portage, northwestern Indiana, Inside Indiana Businessreported on 11 December 2014. The new facility is expected to be fully operational by June 2015. The company will create up to 96 new jobs at the new facility by 2019. The Indiana Economic Development Corporation has offered Lear up to USD 675,000 in conditional tax credits based on its job-creation plans. These tax credits are performance-based, meaning until people are hired, the company is not eligible to claim incentives. The city of Portage approved additional incentives at the request of the Portage Economic Development Corporation.

Lear Corporation Declares Quarterly Cash Dividend, Payable on December 30, 2014

Lear Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share on the company's common stock. The dividend is payable on December 30, 2014 to shareholders of record at the close of business on December 11, 2014.


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