Mexican Media Brands
Lear’s Adjusted Profits Up 8%
Seating and electronics supplier Lear Corp.’s adjusted net income rose 8% to $331 million in the second quarter as revenue grew 9% to $5.6 billion.
#economics #electronics
Share
Seating and electronics supplier Lear Corp.’s adjusted net income rose 8% to $331 million in the second quarter as revenue grew 9% to $5.6 billion.
The company reports that its seating sales climbed 6% to $4.3 billion. Its electronics operations gained 19% to $1.3 billion.
Lear says it has avoided the U.S. import tariffs on steel by contracting for the price of the material it needs before the end of last year. The company affirms its earlier guidance that its sales this year will be around $22 billion, compared with $20.5 billion in 2017.
RELATED CONTENT
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
Achieving Efficiency?
A look at on-road fuel economy changes over 92 years.