Lear Corporation

Company Profile

■URL

http://www.lear.com

■Address

21557 Telegraph Road, Southfield, MI 48033 USA

Business Overview

-The Company supplies seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to all of the world's major automotive manufacturers.

-Its business is organized under two reporting segments: Seating and E-Systems. Each of these segments has a varied product and technology range across a number of component categories:

  • Seating
    • Design, development, engineering, just-in-time assembly and delivery of complete seat systems
    • Design, development, engineering and manufacture of all major seat components, including seat covers and surface materials such as leather and fabric, seat structures and mechanisms, seat foam and headrests
    • Active sensing, safety, connectivity, user experience and comfort for seats, utilizing electronically controlled systems and internally developed algorithms
    • Seat heating and cooling capabilities through technology partnerships and design-integrated supplier solutions
  • E-Systems
    • Design, development, engineering and manufacture of complete electrical distribution systems
    • Sophisticated electronic control modules, electrification products and connectivity products

Competitors

Seating Segment E-Systems Segment
-Adient
-Faurecia
-Magna International
-Toyota Boshoku
-TS Tech		 -Aptiv
-Bosch
-Continental
-Denso
-Harman
-Hella
-Leoni
-Molex
-Sumitomo
-TE Connectivity
-Valeo
-Visteon
-Yazaki

Shareholders

-The Company is listed on New York Stock Exchange.

Products

Seating

-Complete Seats
-Seat Covers
-Eagle Ottawa Leather by Lear
-Guilford Performance Textiles by Lear
-Foam & Comfort
-Structures & Mechanisms


E-Systems

-Wire Harnesses
-Terminals & Connectors
-Smart Junction Boxes
-Body Domain Controllers
-EXO High Accuracy Positioning
-Audio Domain Controllers
-Exterior Lighting Control
-Advanced Software
-Wireless Vehicle Access
-Cybersecurity
-Power Distribution Boxes
-Lear Virtual Proving Grounds
-Intu Seat systems
-BioBridge
-ProActive Comfort
-Modular Heat & Cool
-Lear ConnexUs

  • V2X technology
  • Gateways

History

1917 Established as "American Metal Products Corporation" in Detroit, USA.
Nov. 1993 Purchased certain assets of the Plastics and Trim Products of Ford Motor Co. that supply seat trim and trimmed seat assemblies to Ford.
Dec. 1993 Merged with parent company, Lear Holdings Corporation, to form new entity.
Dec. 1994 Acquired SEPI S.p.A. from Gilardini S.p.A.
Jun. 1995 Acquired approximately 97% of Masland Corporation.
Formed a joint venture, Lear Seating Inespo Industrial Do Brasil L.T.D.A. in Brazil.
Aug. 1995 Acquired Automotive Industries Holding, Inc.
Oct. 1995 Formed a joint venture, Lear Seating Do Brasil in Brazil.
Dec. 1996 Acquired Borealis Industrier AB, a western European supplier of instrument panels, door panels and other automotive components, from Borealis Holding AB.
Jun. 1997 Acquired Dunlop Cox Limited.
Jul. 1997 Acquired certain equity and partnership interests in Keiper Car Seating GmbH & Co. and certain of its subsidiaries and affiliates.
Aug. 1997 Acquired the Automotive Seat Sub-Systems Unit of ITT Automotive.
Sep. 1998 Acquired the seating business of Delphi Automotive Systems.
Feb. 1999 Acquired Polovat and the automotive business of Ovatex.
Apr. 1999 Purchased certain assets of Peregrine Windsor, Inc., a division of Peregrine Incorporated.
May 1999 Acquired UT Automotive Inc., a wholly-owned operating segment of United Technologies Corporation.
Jun. 1999 Sold Electric Motor Systems (EMS) to Johnson Electric Holdings Limited.
Sep. 1999 Purchased Donnelly Corporation's 50% interest in Lear-Donnelly Overhead Systems, L.L.C., the joint venture in which the two suppliers had been partners.
May 2000 Formed a joint venture with Motorola, Inc.
Jun. 2000 Sold its sealants and foam rubber business to AcoustiSeal.
Nov. 2000 Formed Total Interior Systems - America, a joint venture with Takashimaya Nippatsu Kogyo Co., Ltd.
Dec. 2000 Sold four European plastic and metal manufacturing facilities.
2000 Sold its interests in North American Interiors, L.L.C., Pianfei Glass S.A., Autoform Kunstoffteile GmbH and Autoform Kunstoffteile GmbH & Co. KG.
Feb. 2002 Has formed a comprehensive business partnership with Mitsubishi Cable Industries, Ltd. in the automotive wire harness business.
Apr. 2002 Announced the formation of Nanjing Lear Xindi Automotive Interiors System Co., Ltd. (Lear Xindi), a joint venture with the Xindi subsidiary of Yuejin Motor Group Corporation.
2006 Decided to exit the interior business and completed the divestiture of European interior business.
Mar. 2007 Completed the divestiture of its interior business.
Jul. 2009 The Company, along with certain U.S. and Candian subsidiaries, filed for Chapter 11 bankruptcy protection.
Nov. 2009 The Company emerged from Chapter 11 bankruptcy protection.
May 2012 Acquired Guilford Mills, a manufacturer of fabrics for the automotive and specialty markets.
Jan. 2015 Acquired Eagle Ottawa, a manufacturer of automotive leather, for USD 850 million.
Aug. 2015 Acquired intellectual property and technology from Autonet Mobile, a developer of software and devices for automotive applications.
Nov. 2015 Acquired Arada Systems, an automotive technology company which focuses on V2V and V2I communications.
Dec. 2016 Acquired AccuMED Holdings Corp., a privately-held developer and manufacturer of specialty fabrics.
Apr. 2017 Completed acquisition of Grupo Antolin’s seating business for EUR 286 million.
Dec. 2017 Entered agreement to acquire EXO Technologies, a GPS technology specialist which provides high-accuracy solutions for autonomous and connected vehicle applications.
Jan. 2018 Completed acquisition of EXO Technologies.

Supplemental Information 1

>>>Business report FY ended Dec. 31, 2006
>>>Business report FY ended Dec. 31, 2007
>>>Business report FY ended Dec. 31, 2008
>>>Business report FY ended Dec. 31, 2009
>>>Business report FY ended Dec. 31, 2010
>>>Business report FY ended Dec. 31, 2011
>>>Business report FY ended Dec. 31, 2012
>>>Business report FY ended Dec. 31, 2013
>>>Business report FY ended Dec. 31, 2014
>>>Business report FY ended Dec. 31, 2015
>>>Business report FY ended Dec. 31, 2016
>>>Business report FY ended Dec. 31, 2017
>>>Business report FY ended Dec. 31, 2018

Archives of Past Exhibits

Note: A figure in brackets ( ) indicates a loss