BNET Industries
Market Cap:$41.8M
Last Fiscal Year Sales:$15.9B
- Public
- US
Dow Jones Description
Founded in 1917, Lear Corporation (NYSE: LEA) is based in Southfield, MI. The company designs, manufactures and supplies interior systems and components for cars and light trucks. The company's client list includes General Motors, Ford, BMW, Fiat, Renault, Nissan, Toyota, Subaru and others. It operates in 34 countries, including the United States, Europe, Central America, South Africa and Asia. The company was named the Most Admired Company in the Motor Vehicle Parts sector by Fortune for the past three consecutive years.
President & Chief Executive OfficerRobert E. Rossiter
Number of Employees 80,000
Peer Companies
NAICS Code Motor Vehicle Supplies and New Parts Merchant Wholesalers: 423120
Recent Events
-
Lear Files for Bankruptcy - Who is Next?
-
BUSINESS NEWS BRIEFS: Lear may file for bankruptcy
-
DEBT HOLDERS SEE TRAGEDY IN LEAR CHAP. 11
-
Notable Analyst Rating Changes 6/15: YHOO, DELL, MT, CNW, TXN Upgraded; WMT, IRE, LEA, KBH...
-
Lear shares fall after analyst cuts rating
-
Analysts say debt is a risk for Lear
-
Emerging Stock Report: EmergingStockReport.com initiates research coverage on: Lear Corporation (NYSE: LEA)
-
David Moenning's Daily State of the Markets: 4/27
-
Lear Corporation - SWOT Analysis
-
Lear loses $690 million in '08 as sales dive
News & Analysis
Filter by
lear corp. - All News and Analysis
Large Auto Parts Maker Files for Chapter 11
BNET
- 2009-07-02
Lear Corporation, the second-largest seat manufacturer in the automotive industry, is filing for bankruptcy. Meanwhile, a new report shows more people are moving to big cities to avoid high gas prices and long commutes.
Auto Supplier Lear to File For Bankruptcy, Obtains Financing
Reuters
- 2009-07-01
By Kevin KrolickiDETROIT (Reuters) - Auto seating supplier Lear Corp LEA said on Wednesday it would file for Chapter 11 in a reorganization supported by key secured lenders and bondholders and had obtained $500 million in bankruptcy financing.Lear, which had been in talks with its lenders over the past month,...
Will Lear Declare Bankruptcy?
Seeking Alpha
- 2009-06-30
Zacks.com submits: By Paul Raman Lear Corporation LEA Analyst Report may file for bankruptcy protection no later than Jul 1. by Zacks.com
Lear Corp: Another Automotive Supplier Set to File for Bankruptcy?
Seeking Alpha
- 2009-06-26
Tyler Durden submits: Look at the chart below click to enlarge and memorize it well. The fate of countless other high beta, uber-garbage stocks that are lately flying like crazy, schizophrenic Hindenburgs will soon follow in the same pattern. In this particular case: Lear LEA - the nth autosupplier...
Lear Prepared to File For Bankruptcy Next Week: Report
Reuters
- 2009-06-25
DETROIT (Reuters) - Auto parts supplier Lear Corp LEA is preparing to file for bankruptcy as soon as next week, the Wall Street Journal reported on Thursday, citing people familiar with the matter.The news comes as Lear faces a June 30 window, through which its lenders have agreed to waive...
Lear Files for Bankruptcy - Who is Next?
Seeking Alpha
- 2009-06-25
Trader Mark submits: As we said a month ago in [Jun 4, 2009: Detroit's Woes Wound an Army of Suppliers] I think many people do not understand the daisy chain that is the automotive industry - there are countless suppliers of various size. They have been in...
Auto Suppliers: Up on Fundamentals, Bailout Hopes, or Both?
Seeking Alpha
- 2009-06-12
Brendan Wagner submits: Auto supplier stocks have been on a TEAR recently - up about 325% since the March 6th low, versus a 39% gain for the S&P500. Leading the way up has been Tenneco Inc. TEN, up over 1,000% since trading under $1. Also up huge is Lear Corp...
Lear Chooses Not to Pay Its Bond Interest. Stock Shoots Higher
Seeking Alpha
- 2009-06-01
Tyler Durden submits: When a stock goes up by about 10% on a bankruptcy pre-announcement, there is nothing much more to be said. In a press release earlier, Lear LEA, critical D-3 parts supplier, and target of a Carl Icahn takeover attempt in 2007 (I bet shareholders who voted...
Lear Corporation Q1 2009 Earnings Call Transcript
Seeking Alpha
- 2009-05-14
Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of Himanshu Patel - JPMorgan Himanshu Patel - JPMorgan The $1.2 billion in cash, how much of that was held at the hold co versus overseas. Matthew Simoncini We’re not going to get into that level...
Lear Corporation Q4 2008 Earnings Call Transcript
Seeking Alpha
- 2009-01-29
Question-and-Answer Session Operator Operator Instructions The first question comes from the line of Chris Ceraso - Credit Suisse. Chris Ceraso - Credit Suisse Most of the other expense you talked about has to do with IAC. I was surprised at the drop in SG&A. On a...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Robert E. Rossiter | President & Chief Executive Officer |
| Daniel A. Ninivaggi | Executive Vice President, General Counsel and Chief Administrative Officer |
| Marina Williams | Chief Diversity Officer |
| Matthew J. Simoncini | Chief Financial Officer |
| Phyllis Golden Morey | Vice President & Chief Counsel, Litigation & Compliance |
| Art Kennedy | Vice President, Global Quality |
| Dan Golles | Vice President, GM Truck Group |
| Dave Mullin | Vice President, Sales & Marketing |
| Eric Rasmussen | Vice President, Corp Development |
| Joseph F. Mccarthy | General Counsel, Vice President & Secretary |
| Joseph F. Sefcik | Vice President, Purchasing, Global |
| Mel Stephens | Vice President, Investor Relations & Corp Communications |
| Vickie Piner | Vice President, Supplier Diversity & Development |
| Wendy Foss | Vice President, Finance & Admin |
| William C. Dircks | Vice President & Controller |
| Andrea Puchalsky | Director, Corp Communications |
| Anne Bork | Director, Investor Relations |
| Ed Lowenfeld | Director, Investor Relations & Assistant Treasurer, Capital Markets |
| Rebecca Spearot | Director, Environ Management |
| Melissa Skauradchun | Senior Analyst, Investor Relations |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Conrad L Mallet Jr. | Board of Directors |
| David E. Fry | Board of Directors |
| David P. Spalding | Board of Directors |
| Henry D.G. Wallace | Board of Directors |
| James A. Stern | Board of Directors |
| James H. Vandenberghe | Vice Chairman |
| Larry W. McCurdy | Board of Directors |
| Richard F. Wallman | Board of Directors |
| Roy E. Parrott | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | President & Chief Executive Officer | Current |
| Lear Corporation | Chairman | Current |
| Focus Hope Inc. | Advisory Board Member | Current |
| Lear Corporation | Coo | Former |
| Lear Corporation | Board Director | Former |
| Northwood University | bachelor's degree in business administration | Former |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Executive Vice President, General Counsel and Chief Administrative Officer | Current |
| Lear Corporation | Senior Vice President | Former |
| Winston & Strawn LLP | Partner | Former |
| Lear Corporation | Secretary | Former |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Chief Diversity Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Chief Financial Officer | Current |
| Lear Corporation | Chief Accounting Officer & Senior Vice President, Operational Finance | Former |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Vice President & Chief Counsel, Litigation & Compliance | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Vice President, Global Quality | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Vice President, GM Truck Group | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Vice President, Sales & Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Vice President, Corp Development | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | General Counsel, Vice President & Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Vice President, Purchasing, Global | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Vice President, Investor Relations & Corp Communications | Current |
| Fife Oil Company | Current | |
| Western Michigan University | M.A. in Corporate Finance | Former |
| Eastern Michigan University | B.A. in Business Communications | Former |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Vice President, Supplier Diversity & Development | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Vice President, Finance & Admin | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Vice President & Controller | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Director, Corp Communications | Current |
| Lear Corporation | Director, Corp Communications | Former |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Director, Investor Relations | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Director, Investor Relations & Assistant Treasurer, Capital Markets | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Director, Environ Management | Current |
| Lear Corporation | Director, Environ Management | Former |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Senior Analyst, Investor Relations | Current |
| Organization | Position | Status |
|---|---|---|
| TechTeam Global, Inc. | Board of Directors | Current |
| Lear Corporation | Board of Directors | Current |
| The Detroit Medical Center | Cao | Former |
| Michigan Supreme Court | Chief Justice | Former |
| The Detroit Medical Center | General Counsel | Former |
| Organization | Position | Status |
|---|---|---|
| The Reynolds & Reynolds Company | Board of Directors | Current |
| Lear Corporation | Board of Directors | Current |
| The Reynolds & Reynolds Company | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Visteon Corporation | Current | |
| Hayes Lemmerz International, Inc. | Committee Chair | Current |
| Dupage County Election Commision | Chairperson | Current |
| Perceptive Sciences Corporation | Chairperson | Current |
| Diebold, Inc. | Board of Directors | Current |
| The Diebold Company of Canada Limited | Board of Directors | Current |
| Ambac Financial Group, Inc. | Board of Directors | Current |
| Lear Corporation | Board of Directors | Current |
| The Diebold Company of Canada Limited | Committee Member | Current |
| Mazda Motor Corporation | CEO | Former |
| Mazda Motor Corporation | President | Former |
| Mazda Motor Corporation | Executive Vice President | Former |
| The Diebold Company of Canada Limited | Chairperson | Former |
| University of Leicester | Bachelor's Degree In Economics | Former |
| Organization | Position | Status |
|---|---|---|
| MedPointe Pharmacuticals | Chairman, the Cypress Group | Current |
| Affinia Group Inc. | Board of Directors | Current |
| Lear Corporation | Board of Directors | Current |
| Amtrol Inc. | Director | Current |
| Cooper-Standard Automotive Inc. | Board of Directors | Current |
| Lehman Brothers Holdings Inc. | managing Director | Former |
| Tufts University | trustee | Former |
| WESCO International, Inc. | Director | Former |
| MedPointe Pharmacuticals | Director | Former |
| Harvard University | MBA | Former |
| Tufts University | BS Degree | Former |
| Tufts University | Degree In Civil Engineering | Former |
James H. Vandenberghe is the former vice chairman, Lear Corporation. He retired in 2008. He was previously the Chief Financial Officer, Lear Corporation. He was elected to the DTE Energy Board in 2006. (A, F, C)
| Organization | Position | Status |
|---|---|---|
| DTE Energy Company | Board of Directors | Current |
| Lear Corporation | Vice Chairman | Current |
| Lear Corporation | President | Former |
| Lear Corporation | Chief Financial Officer | Former |
| Lear Corporation | Senior Vice President, Finance | Former |
| Lear Corporation | Secretary | Former |
| Wayne State University | master's degree in business administration | Former |
| Western Michigan University | bachelor's degree in business administration | Former |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Board of Directors | Current |
| General Parts, Inc. | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Hayes Lemmerz International, Inc. | Committee Chair | Current |
| Lear Corporation | Board of Directors | Current |
| Roper Industries, Inc. | Board of Directors | Current |
| Bausch & Lomb Incorporated | Board of Directors | Current |
| Ariba, Inc. | Board of Directors | Current |
| Honeywell International Inc. | chief financial officer | Former |
| Honeywell Corporation | CFO | Former |
| Honeywell Corporation | Senior Vice President | Former |
| International Business Machines Corporation | Vice President | Former |
| International Business Machines Corporation | Controller | Former |
| Avaya Inc. | Board of Directors | Former |
| ExpressJet Airlines, Inc. | Board of Directors | Former |
| University of Chicago Graduate School of Business | Master of Business Administration | Former |
| University of Chicago | MBA | Former |
| Vanderbilt University | B.S. in electrical engineering | Former |
| Vanderbilt University | Degree In Electrical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Board of Directors | Current |
| Metaldyne Corporation | President | Former |
Executive News
-
Lear shares plunge on Chapter 11 worries
-
Lear Nears Bankruptcy; Stock Plummets
-
Lear to File for Bankruptcy: Report
-
Lear Nears Bankruptcy: Reports
-
Lear prepared to file for bankruptcy next week-WSJ
-
Lear prepared to file for bankruptcy next week-WSJ
-
Lear prepared to file for bankruptcy next week-WSJ
-
Lear prepared to file for bankruptcy next week: report
-
INTERVIEW-Lear in "constructive" talks to restructure
Industry Transcripts by Seeking Alpha
-
CarMax, Inc. F1Q10 (Qtr End 05/31/09) Earnings Call Transcript
on Jun 19, 2009about KMX
-
AutoZone, Inc. F3Q09 (Qtr End 05/09/09) Earnings Call Transcript
on May 27, 2009about AZO
-
Advance Auto Parts, Inc. Q1 2009 Earnings Call Transcript
on May 21, 2009about AAP
-
Lear Corporation Q1 2009 Earnings Call Transcript
on May 14, 2009about LEA
-
TravelCenters of America LLC Q1 2009 Earnings Call Transcript
on May 12, 2009about TA
Glass Door
Lear
IndustryTop Rated
