SOUTHFIELD--Auto Tier 1 Lear Corp. has released its 2023 Sustainability Report, outlining the company's progress on its climate goals, sustainable product innovations, supplier sustainability efforts and inclusion initiatives. "Through hundreds of efficiency projects and the increased use of renewable energy at our operations around the world, we are pleased to report that Lear is making
SOUTHFIELD—Lear Corp. announced the acquisition of Novi-based InTouch Automation, a supplier of Industry 4.0 technologies and complex automated testing equipment critical in the production of automotive seats. Terms were not disclosed. InTouch’s product portfolio fits with Lear’s Industry 4.0 strategy of implementing technologies designed to automate the testing and validation of components and finished seats.
SOUTHFIELD—Lear Corp. reported net income of $175.2 million or $2.89 a share in the fiscal quarter ended July 3, compared to a loss of $293.9 million or $4.89 a share in the same quarter a year earlier. Revenue was $4.76 billion, up from $2.44 billion a year earlier. For the six months, net income was
SOUTHFIELD—Tier 1 auto supplier Lear Corp. announced an undisclosed investment in Menlo Park, Calif.-based Autotech Ventures to support startups developing new mobility technologies. The investment is being made through Lear Innovation Ventures, which was launched a year ago, to identify advanced development teams and early stage technologies and provide direct capital to innovation initiatives. Autotech
