Lear Corporation is a well-known American company in the business of distributing and manufacturing automotive seated and electrical distribution systems. Their headquarters are located in Southfield, Michigan, and they were 148th on the 2018 Fortune 500 list. They have multiple manufacturing facilities located in North America, as well as around the globe with two major divisions including automotive seating and electrical. As of 2017, they employed over 164,000 people with employment opportunities in various categories that include administration, finance, human resources, engineering, logistics, information technology, maintenance, production, program management, manufacturing, purchasing, sales, marketing, quality assurance, and more.
Lear Corporation began as the American Metal Products Company in 1917. The original location of this company was Detroit, Michigan, and it was originally creating assemblies for aircraft automotive. However, throughout the 1980s and 1990s, Lear made a number of acquisitions that allowed it to grow considerably. Eventually they became focused on two specific areas: automotive seating and electrical. The company made a major acquisition in 1999 with United Technologies and the most recent activity was in February 2017 when the organization acquired an automotive seating business from Grupo Antolin. This was a $286 million deal that was paid in cash.
As of 2017, Lear had 256 locations around the world. They had 39 different countries where their locations were present and the continental North America was where most of those locations were concentrated. They have customers over the world as well. They are a publicly traded company that reported $21.66 billion in revenue as of the 2017 fiscal year with revenue per share reported that $322.07. They also had positive quarterly revenue growth and 8.9 percent and positive quarterly earnings growth at 6.3 percent.
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