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    Unable to find investors, Britishvolt files for insolvency
    Battery startup Britishvolt filed a notice to appoint an administrator in the insolvency courts in the UK on January 17, 2023, after failing to raise funds from new and existing investors to keep the business afloat. While a majority of 300 existing employees have lost their jobs as an immediate consequence of Britishvolt’s liquidation, the development is also being seen as a blow to the UK government’s efforts of establishing a flourishing ecosystem for electric vehicle (EV) and battery man...
    Talking Heads: CES – the wrap
    In 2023, some 300 exhibitors showcased their vehicle technology. Its increasing importance – usurping the traditional auto shows like NAIAS, Paris, IAA and Geneva along the way – is demonstrated if we wind back the clock to 2014. Then, there were just nine OEMs present and some 125 automotive technology exhibitors. With this growth has also come maturity. The 2023 CES was less about fanciful concepts and more about tangible. Click the link above to download the full article.
    Lear’s Q3 2022 net sales up 23% y/y to USD5.24 billion
    Lear Corporation has reported third quarter 2022 net sales at USD5.24 billion, up 23% year-on-year (y/y) from USD4.26 billion in the previous year for the three months ended October 2022, according to a filing by the company on 1 November. Operating income for the quarter was reported at USD154.9 million. Net income was reported at USD92.3 million. Ray Scott, Lear’s President and Chief Executive Officer, said, “We expect further improvement in both business segments in the fourth quarter....
    Lear to supply sustainable ReNewKnit sueded material to a global automaker starting 2024
    Lear has announced that the company will supply its premium and fully recyclable ReNewKnit sueded material for use in seating and door panel applications to a global automaker in 2024, it said in a press release on 26 October. Frank Orsini, Executive Vice President and President of Lear's Seating business, said, “At Lear, we are positioning our surface material offerings to what we believe is the future—a global circular economy where repurposed textiles can be infinitely recycled to beco...
    Lear announces Q2 2022 net sales at USD5.07 billion, up 6.51% y/y
    Lear Corporation has reported second quarter 2022 net sales at USD5.07 billion, up 6.51% year-on-year (y/y) from USD4.76 billion in the previous year for the second quarter of 2021, according to a filing by the company on 2 August. Operating income for the quarter was reported at USD187 million, compared to USD233 million from the previous year. Net income was reported at USD68.5 million against USD175.2 million in second quarter 2021. Ray Scott, president and CEO, Lear, said, "In a quarter m...
    Lear to acquire seating climate control specialist I.G. Bauerhin
    Lear Corporation has announced via press release that it entered into a definitive agreement to acquire seating climate control specialist I.G. Bauerhin (IGB) for EUR140 million (USD147.49 million), according to a press release published by Lear Corporation on 20 May.   Lear President and CEO Ray Scott, said, “The acquisition of IGB furthers Lear’s vertical integration strategy and advances our vision of being the leading provider of innovative thermal comfort solutions. Combining Le...
    Lear Corporation acquires seating materials company Thagora Technology
    Lear Corporation has announced its acquisition of Romania-based seating materials specialist Thagora Technology SRL, according to a press release published by Lear Corporation on 19 May.   Frank Orsini, Lear executive vice president and president, Seating, said, “Thagora offers Lear access to scalable, smart-manufacturing tools that will be a valuable addition to our business. We welcome Thagora’s talented employees to the Lear family. Together, we share the same profession...
    Lear reports Q1 2022 net sales at USD5.20 billion, down 2.80% y/y
    Lear has reported first-quarter net sales at USD5.20 billion with a year-on-year (y/y) decrease of 2.80% compared with USD5.35 billion in the first quarter of 2021 for the three months ended 31 April 2022, according to a filing by the company on 3 May. Operating income was reported at USD183.7 million for the first quarter of 2022 compared with USD336.2 million in 2021. Net income was reported at USD49.4 million, compared with USD203.7 million for the first quarter of 2021. The comp...
    General Motors selects Lear to supply seats for the 2024 Chevrolet Silverado EV pickup
    Lear Corporation has been selected by General Motors (GM) to supply front and rear seating systems to the 2024 Chevrolet Silverado electric vehicle (EV) pickup, according to a press release by Lear Corporation on 9 March. Lear designed the foam, trim, structure, mechanism, plastics, and seat harness for the seats, at Lear’s new state-of-the-art facility in Detroit. Ray Scott, Lear president and CEO, said, “With the most complete capabilities of any seating supplier in the world, Lear...
    Lear completes acquisition of Kongsberg Automotive’s ICS business unit
    Kongsberg Automotive (KA) announces completion of sale of its Interior Comfort Systems (ICS) business unit to Lear Corporation, following European Commission’s approval on 25 February 2022, according to a press release published by Kongsberg Automotive on 28 February.    Joerg Buchheim, president and CEO of Kongsberg Automotive, said, “Thanks to both the teams for the smooth transaction. I am excited to see how ICS is further developed within Lear and wish everybody great succes...
    The European Commission authorizes sale of Kongsberg automotive’s ICS business unit into Lear Corporation
    The European Commission has authorized the sale of Kongsberg Automotive’s Interior Comfort Systems (ICS) business unit to Lear Corporation, according to a press release published by Kongsberg Automotive on 25 February.   Significance: Lear Corporation is innovating and evolving automotive seating solutions rapidly, through this acquisition of Kongsberg Automotive’s ICS business, Lear intends to expand its already large global footprint with added resources and adapt instantly to emer...
    Lear reports FY 2021 net sales at USD19.3 billion, up 13% y/y
    Seating and E-Systems company Lear Corporation reports fiscal year (FY) net sales of USD19.3 billion with a 13% increase and full year ended 31 December 2021, according to a filing by the company on 8 February. The company has reported its net income at USD374 million as against about USD159 million reported in 2020. Lear Corporation reported its core operating earnings at 35% to USD826 million for FY 2021 against USD614 million in FY 2020. Ray Scott, Lear's president and CEO, said, “Lea...
    Lear’s Q3 2021 revenue declines 13% y/y to USD4.3 billion
    Lear reported a 13% decline in sales year-on-year (y/y) to USD4.3 billion when compared to USD4.9 billion in the third quarter of 2020. Net income for the period was at a loss and came in at USD27 million and adjusted net income of USD32 million compared to USD174 million and USD225 million respectively in the third quarter of 2020. Core operating earnings decreased from USD327 million in the third quarter of 2020 to USD98 million in the third quarter of 2021. Significance: Lear saw a 13% dec...
    Lear to acquire Kongsberg Automotive’s Interior Comfort Systems business unit
    Lear Corporation has signed an agreement to acquire Kongsberg Automotive’ Interior Comfort Systems (ICS) business unit, it said in a press release on 28 October. The ICS business is engaged in specializing with comfort seating solutions such as massage, lumbar, seat heat and ventilation for the auto industry. “By integrating Kongsberg Automotive’s Interior Comfort Systems business unit into our operations, we will build upon our strengths in design, engineering and operational excellenc...
    Lear and Hu Lane Associate form JV to produce automotive connection systems
    Lear Corporation has announced the formation of a joint venture with Hu Lane Associate, according to a company press release on 22 September. The JV company will be initially based in Yangzhou, mainland China and manufacture a portfolio of connection systems products for vehicle architectures. “We identified this joint venture as a way to support Lear’s profitable growth initiatives in connection systems and increase competitiveness in our wire harness business. Partnering with Hu Lane pr...
    Lear’s Q2 2021 net sales nearly doubles y/y to USD4.76 billion
    Lear has reported a 95% year-on-year (y/y) surge in second quarter net sales to USD4.76 billion, the company said in a press release on 6 August. Net income for the period came in at USD175.2 million compared to a loss of USD293.9 million last year. Core operating earnings was USD233 million compared to a loss of USD248 million in the second quarter of 2020. Excluding the impact of foreign exchange, commodities, and acquisitions, sales were up 83%, reflecting increased production on Lear...
    Lear plans to open seat manufacturing facility in Detroit, US
    According to a press release published on the Detroit News on 6 August, Lear Corporation will operate a seat manufacturing facility on the site of the former Cadillac Stamping Plant on Detroit's east side, creating "hundreds of new jobs," officials said Friday. According to Crain's Detroit Business, the Southfield-based company will manufacture seats for General Motors Co.'s electric vehicles (EVs). “We are excited to be supporting GM’s vision of moving to an all-electric future, and even...
    Lear, IMS Connector Systems collaborate for high-speed ethernet solutions
    Lear has signed an agreement with IMS Connector Systems to jointly develop high-speed Ethernet solutions for automotive applications, according to a 16 June press release. The companies are aiming to produce a fully validated product in 2023. “Lear and IMS Connector Systems are sharing extensive experience in connector design and advanced manufacturing to improve high-speed data transmission. These new connectors enable new applications made possible by the growing capabilities of network a...
    Lear’s Q1 2021 sales rise 20% y/y to USD5.4 billion
    Lear has reported results for the first quarter ended 3 April 2021. According to a company press release on 7 May, sales for the quarter increased 20% year on year (y/y) to USD5.4 billion. Excluding the impact of foreign exchange, commodities, and acquisitions, sales were up 15%, reflecting increased production on key Lear platforms and the addition of new business. Core operating earnings increased 64% y/y to USD336 million. The company reported net income of USD204 million and adjusted net inc...
    ACQUISITION: Lear acquires injection molding specialist M&N Plastics
    Lear has acquired M&N Plastic, a US-based injection molding specialist and manufacturer of engineered plastic components for automotive electrical distribution applications, the company said in a press release on 25 March. The company has not disclosed the financial details of the transaction. The acquisition further increases Lear’s vertical integration capabilities to develop and produce complex parts for electrical distribution, including high voltage wire harness and power electroni...
    Lear FY 2020 net sales declines 14% y/y to USD17 billion
    Lear has reported 14% decline in net sales to USD17 billion in the financial year ended 31 December 2020, the US-based automotive supplier said in a press release on 4 February. Excluding the impact of foreign exchange translations and acquisitions, sales decreased 14% y/y in line with 17% y/y drop in global vehicle production, mainly due to the COVID-19 pandemic. The company recorded core operating earnings of USD614 million, down 53% y/y to USD614 million. Lear reported 79% y/y decline in...
    Lear’s Q3 net sales rises marginally y/y to USD 4.9 billion
    Lear has reported marginal growth in net sales of 1.5% year-over-year (y/y) to USD4.9 billion in the third quarter ended 3 October 2020, the US-based automotive supplier said in a press release on 30 October. Excluding the impact of foreign exchange, sales were up 1% y/y against 4% decline in global light vehicle production in the third quarter. Lear recorded core operating income of USD327 million, down 3.2% y/y. Lear also witnessed 19.4% y/y decline in net income to USD174 million. Sales de...
    Lear’s Xevo partners with REEF Technology for contactless payment for parking
    Lear Corporation has announced that its Xevo software business has partnered with REEF Technology to develop contactless payment service for parking, a company press release on 1 October read. This will enable customers to find, reserve and pay for parking from their in-vehicle touchscreen. REEF and Xevo is also looking to expand into additional in-vehicle services such as refueling, electric vehicle (EV) charging, and food and package delivery into vehicles as well as routine vehicle mainten...
    Lear’s Q2 sales drops 52% y/y to USD2.4 billion
    Lear’s sales declined 52% year over year (y/y) to USD2.4 billion in the second quarter ended 30 June 2020, the company said in a press release on 4 August. The company recorded core operating loss of USD294 million against core operating income of USD352 million in second quarter 2019. Lear also reported net loss of USD294 million compared with net income of USD183 million. Sales in Lear’s Seating segment decreased 54.3% y/y to USD1.7 billion. The segment recorded negative adjusted e...
    Lear, Gentherm jointly develop INTU Thermal Comfort Seating with ClimateSense technology
    Seating and e-systems supplier, Lear, has announced its collaboration with American thermal management firm, Gentherm, to jointly develop its latest intelligent seating solution, the INTU™ Thermal Comfort with ClimateSense™ technology. According to a press release from Gentherm dated 3 August, this new system aims to create an ideal personal climate using ambient cabin conditions and intelligent software. This system makes use of intelligent zonal thermal management, rather than a traditi...
    COVID-19 pandemic: Lear to make 500,000 protective face masks per week in US
    The US-based automotive supplier Lear Corporation has added new equipment to its operations in Pine Grove, Pennsylvania, US, to produce up to 500,000 protective face masks per week, the company announced in a press release on 11 June 2020. "Adding production capacity at our Pine Grove facility is the most recent action we have taken to use our available manufacturing and technology resources to quickly and effectively address the health care crisis worldwide," said Ray Scott, Lear President a...
    Lear provides update on liquidity position
    Lear Corporation has provided an update on its liquidity position via a press filing on 21 April. Lear said that as of the quarter ended 4 April 2020, it had about USD2.45 billion in cash on hand, including a USD1 billion of cash proceeds from the Company's revolver drawdown. Lear also has USD750 million remaining on its revolving credit facility, which matures in August 2024. Significant: Lear is a US-based automotive seating and electrical systems supplier. In March 2020, the with...
    COVID-19 pandemic: Lear adds capacity to produce protective masks
    Lear has expanded protective masks production capacity at its AccuMED’s production facility in Mocksville, North Carolina, United States, to fight the spread of the coronavirus disease 2019 (COVID-19) pandemic, the company said in a press release on 30 March. The US-based automotive supplier donated masks to the Detroit Medical Center and the City of Detroit for use by the police and fire departments. “We are proud to support pandemic relief efforts in the communities where we live and wo...
    COVID-19 pandemic: Lear withdraws guidance for financial year 2020
    Owing to the prevailing coronavirus disease 2019 (COVID-19) pandemic, Lear has withdrawn its guidance for the financial year 2020, the company announced in a press release on 26 March. The company will provide more information in its first-quarter 2020 earnings call. Lear has also announced several measures for ensuring employee safety and the company's financial flexibility. The company has asked  nonessential administrative staff to work from home; it has also been managing shift chang...
    Tire pressure monitoring systems to become an increasingly prevalent feature in automobiles
    Safety has become an incredibly important priority for today’s automotive manufacturers. Vehicles are becoming increasingly powerful and more complex, and when that is coupled with improving road infrastructure in many parts of the world and a steadily rising density of automobiles, it has the potential to become a high-risk mix. Therefore, making vehicles as safe as possible is vital. Manufacturers have added a wide variety of safety features to their model lineups, and these features eventua...
    Lear’s 2019 net income drops 34% y/y to USD753.6 million
    Lear’s net income declined 34% year over year (y/y) to USD753.6 million in the fiscal year ended 31 December 2019, the US-based automotive supplier said in a press release on 28 January. Sales dropped by 6% y/y to USD19.8 billion. The company recorded core operating earnings of USD1.3 billion, compared to USD1.7 billion for the full year 2018. Net sales in the Seating segment decreased 6.2% y/y to USD15 billion and fell by 7.8% y/y to USD4.7 billion in E-Systems segment. Adjusted segment ma...
    Lear invests in Autotech Ventures to support mobility technology start-ups
    Lear Corporation has invested in Silicon Valley-based venture capital firm Autotech Ventures to support startups in deploying revolutionary mobility technologies, the company said in a press release on 7 January. Lear invested in Autotech Ventures through Lear Innovation Ventures (LIV). Significance: LIV was launched in January 2019 to identify advanced development teams and early stage technologies and provide direct capital to innovation initiatives. Lear’s LIV focuses on product, process...
    Lear’s Q3 net income declines 14.5% y/y to USD215.9 million
    Lear’s net income declined 14.5% year over year (y/y) to USD215.9 million in the third quarter ended 30 September 2019, the US-based automotive supplier said in a press release on 25 October. Sales dropped marginally by 1% y/y to USD4.82 billion, reflecting lower production on Lear’s platforms and net foreign exchange rate fluctuations. Excluding the impact of foreign exchange translations and the Xevo acquisition, sales remained unchanged compared with the third quarter 2018. The company re...
    Lear appoints Jason Cardew as CFO
    Lear Corporation, a manufacturer of automotive seating and electrical and electronic systems, has appointed Jason Cardew as senior vice president and chief financial officer (CFO), effective 1 November 2019, according to a company press release on 1 October. Cardew will report to Ray Scott, Lear’s president and CEO. Cardew will succeed Jeffrey H. Vanneste, who currently serves as senior vice president and CFO. After more than 20 years with the company, Vanneste has decided to retire, effect...
    Xevo ties up with Hyundai Motor for in-vehicle commerce in US and Europe
    Lear Corporation has announced that its automotive software company Xevo has tied up with Hyundai Motor to deliver Xevo Market capabilities in Hyundai vehicles in the US and Europe, according to its press release on 5 September. The platform will allow customers with compatible Hyundai vehicles to interact with merchant brands and services through a simple interface on the in-vehicle touchscreen and Hyundai's mobile app. “Our Xevo Market technology allows Hyundai to offer its custom...
    Lear appoints Carl Esposito as president of E-System
    Lear Corporation has appointed Carl Esposito as senior vice-president and president of its E-Systems business, the US-based supplier said in a press release on 14 August. Esposito will join Lear on 3 September 2019 and report to the company’s president and CEO, Ray Scot. Esposito has more than 30 years of work experience in the aerospace industry with expertise in electronics, software development and connectivity. Most recently, he worked as president of the Electrical Solution strategic b...
    Lear’s Q2 net income falls 44.8% y/y to USD182.8 million
    Lear has reported a 44.8% year-over-year (y/y) decline in net income to USD182.8 million for the second quarter ended 29 June 2019, the US-based supplier said in a press release on 26 July. Net sales for the period were down 10% y/y to USD5 billion. Lear recorded core operating earnings of USD351.6 million, down 25.2% y/y. Lear posted adjusted net income of USD235.8 million, down 28.5% y/y. Sales in the company’s Seating segment declined 11.3% y/y to USD3.8 billion; the segment’s earnings...
    Lear reports preliminary financials for Q2 2019; sales down 10% y/y
    Lear has announced preliminary results for the second quarter ended 30 June 2019. According to a company press release on 16 July, the company expects second quarter sales to be approximately USD5 billion, down 10% year-on-year (y/y) and a decline of 7% excluding the impact of foreign exchange and acquisitions. Lear anticipates core operating earnings to be approximately 7% of sales. In the second quarter of 2019, Lear expects free cash flow of approximately USD265 million. Adjusted margins i...
    Lear Innovation Ventures partners with Plug and Play Silicon Valley
    Lear Corp. and Plug and Play, a global startup accelerator and corporate innovation platform, have announced a strategic partnership focused on advancing mobility innovation in the automotive industry, Lear said on 13 June. The partnership will be co-ordinated through its Silicon Valley office of Lear Innovation Ventures (LIV) in San Mateo, California. "Plug and Play is well known globally for its ability to attract the best startups and investments across a variety of technical industries," ...
    Lear to close electrical systems plant in US state Michigan
    Automotive seating supplier Lear plans to permanently close its plant in Taylor, Michigan, United States, according to a report by Crain’s Detroit Business on 11 June. The move is expected to affect 76 employees. The company expects to close its Taylor Plant by 21 October, according to the report citing a WARN notice filed with the state. Lear will shift work from the Taylor facility to a newly expanded facility in Traverse City. In addition, the company is offering affected employees the chan...
    Lear showcases synergies between Xevo Market and Exo Technology at TU Automotive Detroit 2019
    Lear has showcased synergies between Xevo Market and Exo Technology at the TU Automotive Detroit 2019, held in Novi, Michigan, the company said. Xevo Market is an automotive commerce and service platform that connects consumers with their favorite brands through in-vehicle touch screens and mobile apps. Xevo Technology offer global navigation satellite system (GNSS) solutions to provide highly accurate positioning of vehicles. By combining these two technologies Lear aims to offer vehicle occupa...
    Lear partners with CARMERA to enhance EXO vehicle positioning technology
    Lear has signed CARMERA, a firm specializing in in real-time, high-definition (HD) maps for autonomous mobility, as a development partner in its EXO Technology Partnership Program, the US-based automotive seating and electrical systems supplier said in a press release on 29 May. Lear’s EXO Technology Partnership Program is a collaborative effort with vehicle manufacturers and other ecosystem players to offer a full automotive solution for vehicle-to-everything (V2X) and Level 2 and Level 3 aut...
    Lear’s Q1 net income down 35.2% y/y to USD228.9 million
    Lear has reported a 35.2% year-over-year (y/y) decline in net income to USD228.9 million for the first quarter ended 31 March 2019, the US-based supplier said in a press release on 26 April. Net sales for the period were down 10% y/y to USD5.2 billion. Lear recorded core operating earnings of USD378 million, down 23% y/y. Lear posted adjusted net income of USD253 million, down 29.2% y/y. Sales in the company’s Seating segment declined 9.6% y/y to USD3.9 billion; the segment’s earnings als...
    Lear completes acquisition of automotive software supplier Xevo
    Lear has completed the previously-announced acquisition of automotive software specialist Xevo, the company said in a press release on 17 April. The acquisition significantly expands Lear’s capability in software, services and strengthens its presence in vehicle connectivity. Xevo offers two key solutions for the automotive market: Xevo Markit and Journeywary. Xevo Market is an automotive commerce and service platform that connects consumers with their favorite brands through in-vehicle tou...
    Connected Gateways Market – A Review of The Current Situation
    Automobiles used to be very simple, with electrics covering all but the basics with lighting and ignition. Over time, and with the development of integrated circuitry, electronics entered the vehicle with single wires being used as control lines between switches and actuators. Modern vehicles feature many mutually linked built-in electronic control units (ECUs) that exchange signals, forming several communication networks, which handle a variety of communication protocols and data formats such a...
    Lear signs definitive agreement to acquire connected car software developer Xevo
    Lear has entered a definitive agreement to acquire Xevo, a US-based firm specializing in connected car software, for USD320 million, the company said in a press release on 2 April. The transaction, subject to regulatory approvals and other customary closing conditions, is expected to close in the second quarter of this year. Lear plans to fund the acquisition through a debt financing. “The acquisition of Xevo broadens Lear's connectivity portfolio, bringing together Xevo’s leading e-...
    Seating Subsystem Lightweighting
    The seating subsystem in the interiors component area is estimated to account for more than 40% of the total component area weight and up to 6% of the total vehicle weight. In terms of additional comfort and luxury features, one of the first targets for OEMs is to improve the driving experience even more, thus making a challenging case for lightweighting. IHS Markit’s research on the materials and lightweighting sector provides interesting insights into weight reduction and features mass addit...
    Lear invests in Israel-based Maniv Mobility Venture Capital Fund
    Lear has invested in Maniv Mobility, an Israel-based venture capital (VC) fund dedicated to investing in new mobility technologies, the company said in a press release on 11 March. The US-based supplier invested in Maniv Mobility through its wholly owned subsidiary, Lear Innovation Ventures (LIV) Possibilities. Lear expects its strategic investment in Israeli VC fund to enable future collaboration and its involvement in mobility technology ecosystem. “Maniv is recognized as one of the premi...
    Lear’s JV Integrated Manufacturing & Assembly plans to lay off 175 employees at Detroit plant
    Integrated Manufacturing & Assembly (IMA), a joint venture (JV) of Lear, will lay off 175 employees at a manufacturing plant in Detroit, United States. On 6 February, IMA, a supplier of automotive seating systems, filed a letter to the state of Michigan stating that "due to a program loss, the layoff is expected to affect 175 total employees, and will take effect in stages from 7 April 2019 through 31 May 2019." The layoffs are expected to last an indefinite period "greater than six months,"...
    Automotive Cabin Comfort – The rising application of seat thermal management
    In automotive design, passenger comfort is a central element along with the other performance and efficiency parameters. Manufacturers invest a lot of resources to ensure the highest degree of ambiance, ergonomics, and user experience for the occupants. Extreme seasonal swings in ambient temperatures caused by global warming mean that an effective and efficient cabin thermal management is crucial for passenger comfort and well-being. The occupants are not likely to rate the vehicle high on comfo...
    Lear’s FY 2018 net income down 12.4% y/y to USD1.1 billion
    Lear has reported a 12.4% year-over-year (y/y) decline in net income to USD1.14 billion for the fiscal year ended 31 December 2018, the US-based supplier said in a press release on 25 January. Net sales for the period were up 3.3% y/y to USD21.1 billion. Lear recorded core operating earnings of USD1.74 billion, an increase of 1.7% y/y. Lear posted adjusted net income of USD1.2 billion. Sales in the company’s Seating segment grew marginally by 0.9% y/y to USD16 billion; the segment’s earni...
    Lear launches ‘Lear Innovation Ventures Possibilities’ to develop intelligent solutions
    Lear launched a separate division called 'Lear Innovation Ventures (LIV) Possibilities' to focus on product, process, and business model innovation, the company announced in a press release on 8 January. LIV Possibilities is led by the company’s chief technology officer (CTO) John Absmeier. "We are well positioned through our diverse product portfolio and strong financial discipline to separate ourselves from our competitors, even in challenging times," said Ray Scott, Lear president and CE...
    Lear signs Hyundai-Kia as development partner in 'EXO Technology Partnership Program'
    Lear has signed Hyundai-Kia America Technology Center (HATCI) as its first development partner in its ‘EXO Technology Partnership Program’, the US-based automotive seating and electrical systems supplier said in a press release on 9 January. Lear’s EXO Technology Partnership Program is a collaborative effort with vehicle manufacturers and other ecosystem players to offer a full automotive solution for vehicle-to-everything (V2X) and Level 2 and Level 3 autonomous driving features.  &n...
    Gentherm, Lear partner to jointly develop thermal seating solutions
    Gentherm and Lear have announced a strategic partnership to develop thermal seating solutions, according to company press releases on 8 January. Under the partnership, highly integrated, modular heat and cool solution for Lear’s ‘Intu’ seating system will be developed. “Our strategic collaboration with Lear demonstrates a systematic approach to developing a thermal management seating solution that optimizes the integration of our respective technologies, resulting in a superior comfort e...
    Electronics component consolidation on the rise
    The automotive industry is facing immense pressure from end users for more features at lower costs. This has created an opportunity for industry players to innovate and change the electronic architectural design in several areas of the vehicle. Modern cars consist of several electronic control units (ECUs) controlling various functions such as air conditioning, lighting and transmission. The functions may be distributed among various ECUs which are generally connected to one or more system bu...
    CES 2019: Rinspeed’s concept vehicle to feature Lear's ‘Intu’ intelligent seating system
    Lear has announced a collaboration to integrate its ‘Intu’ intelligent seating system in Rinspeed AG all-electric autonomous concept vehicle ‘microSNAP’, the company announced in a press release on 7 January. "At Lear, we understand how important it is to create a driving experience that dynamically adapts to the consumer. Our Intu seating technologies provide simple and intuitive solutions for optimizing comfort and wellness. The Rinspeed microSNAP will showcase technologies that allow ...
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