Mexican Media Brands
U.S. Drives Growth for Lear
Operating results for Lear Corp. surged 35% to $280 million in the fourth quarter last year, as 14% growth in automotive seating sales in North America hiked revenue 7% to $4.5 billion.
#economics
Share
Operating results for Lear Corp. surged 35% to $280 million in the fourth quarter last year, as 14% growth in automotive seating sales in North America hiked revenue 7% to $4.5 billion.
Net income for the period zoomed to $262 million from $73 million in September-December 2014.
Full-year sales for the Southfield, Mich.-based supplier climbed 9% to $17.7 billion, and net income soared 56% to $672 million.
Lear expects its sales this year will reach $18.5 billion-$19 billion, aided by the company's $850 million purchase of leather supplier Eagle Ottawa LLC earlier this month. The supplier forecasts adjusted net income of $720 million-$755 million in 2015.
RELATED CONTENT
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.