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Lear’s Earnings Climb 12%
Seating suppliers Lear Corp. boosted worldwide revenue 10% to $3.9 billion in the first quarter of 2014.
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Seating suppliers Lear Corp. boosted worldwide revenue 10% to $3.9 billion in the first quarter of 2014.
Net earnings climbed to $122 million from $109 million a year earlier. Operating earnings jumped 21% to $243 million.
Lear expects global vehicle production this year to advance 2% to 84.8 million units, unchanged from its previous forecast. But it says stronger growth in China (9% to 21.2 million units) will offset slower-than-expected growth in India (3% to 3.7 million) and declines of 10% to 3.7 million units in Brazil and 6% to 1.9 million vehicles in Russia.
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