Lear Corporation

Lear to Enhance Automation and Artificial Intelligence Capabilities Through Strategic Acquisition of WIP Industrial Automation

Retrieved on: 
Lunedì, Aprile 29, 2024
Thagora, Automation, Lear Corporation, Safety, AI, LEA, InTouch, ASI, Environment, Engineering, Acquisition, Robotics, WIP, Sales

WIP, a long-time Lear supplier with 25 years of automation experience, develops, integrates, and deploys cutting-edge technologies to create customized automation solutions for manufacturing applications.

Key Points: 
  • WIP, a long-time Lear supplier with 25 years of automation experience, develops, integrates, and deploys cutting-edge technologies to create customized automation solutions for manufacturing applications.
  • WIP brings strong robotics and AI-based computer vision capabilities to Lear, which are important for safety, quality, and efficiency in a modern manufacturing environment.
  • This acquisition will be the latest of Lear's strategic investments designed to broaden its global automation and digital capabilities and builds on the company's successful integration of ASI Automation ("ASI"), Thagora Technology SRL ("Thagora"), and InTouch Automation ("InTouch").
  • "WIP brings valuable manufacturing engineering capabilities that are essential to advancing innovative automation solutions across our global operations," said Ray Scott, Lear President and CEO.

Lear Wins General Motors 2023 Supplier of the Year Award

Retrieved on: 
Giovedì, Aprile 18, 2024
Engineering, General Motors, LEA, Communication, GM, Lear Corporation, Safety, Fine chemical

SOUTHFIELD, Mich., April 18, 2024 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it was recognized with a GM Supplier of the Year award during General Motors' 32nd annual Supplier of the Year ceremony.

Key Points: 
  • SOUTHFIELD, Mich., April 18, 2024 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it was recognized with a GM Supplier of the Year award during General Motors' 32nd annual Supplier of the Year ceremony.
  • GM's Supplier of the Year award honors global suppliers that distinguish themselves by exceeding GM's expectations while providing consumers with technologies featuring cutting-edge innovation and world-class quality.
  • In 2023, Lear supported multiple GM product launches, invested in two new facilities, and collaborated on the development of several new product launches scheduled to begin production in 2024.
  • "Lear is once again honored to be recognized by General Motors.

Lincoln Electric Appoints Susan C. Edwards as Chief Human Resources Officer

Retrieved on: 
Giovedì, Aprile 4, 2024
Technology, Steel, Human Resources, Engineering, Professional Services, Software, Manufacturing, Machinery, Machine Tools, Metalworking & Metallurgy, Electronic Design Automation, Marquette University, Business administration, Leslie Controls, East Tennessee State University, Acquisition, Snap-on, Lear Corporation, Dana Incorporated, CHRO, International business, Multimedia, Lincoln Electric, Sealed Air, Management

Lincoln Electric Holdings, Inc. (Nasdaq: LECO) (“Company”) announced today that Susan C. Edwards has joined the Company to serve as Senior Vice President, Chief Human Resources Officer (CHRO), effective April 8, 2024.

Key Points: 
  • Lincoln Electric Holdings, Inc. (Nasdaq: LECO) (“Company”) announced today that Susan C. Edwards has joined the Company to serve as Senior Vice President, Chief Human Resources Officer (CHRO), effective April 8, 2024.
  • Edwards succeeds Michele Kuhrt, who was recently named, Executive Vice President, Chief Transformation Officer.
  • View the full release here: https://www.businesswire.com/news/home/20240404795428/en/
    Susan Edwards appointed as new CHRO at Lincoln Electric.
  • Copyright Lincoln Electric
    “I am pleased to welcome Susan to the Lincoln Electric team and look forward to the value she will bring from her extensive HR leadership experience with global industrial companies,” stated Steven B. Hedlund, Lincoln Electric’s President and Chief Executive Officer.

Lear Increases Share Repurchase Authorization to $1.5 Billion and Declares Quarterly Cash Dividend of $0.77 Per Share

Retrieved on: 
Martedì, Febbraio 20, 2024
Share repurchase, LEA, Lear, Lear Corporation, Car rental

In addition, the Board declared a quarterly cash dividend of $0.77 per share on the Company's common stock.

Key Points: 
  • In addition, the Board declared a quarterly cash dividend of $0.77 per share on the Company's common stock.
  • At the end of 2023, Lear had $916 million remaining on its share repurchase authorization.
  • Since the Company began its share repurchase program in 2011, Lear has returned approximately $5.2 billion to shareholders, including the repurchase of approximately 53% of the Company's shares outstanding as of the commencement of its share repurchase program.
  • Lear may implement share repurchases under its share repurchase authorization utilizing a variety of methods, including open market purchases, accelerated share repurchase programs, privately negotiated transactions and structured repurchase transactions.

Lear to Participate in the Barclays 41st Annual Industrial Select Conference

Retrieved on: 
Giovedì, Febbraio 8, 2024
Lear Corporation, Conference, LEA

SOUTHFIELD, Mich., Feb. 8, 2024 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, will participate in a fireside chat on February 22, 2024, at the Barclays 41st Annual Industrial Select Conference in Miami, Florida.

Key Points: 
  • SOUTHFIELD, Mich., Feb. 8, 2024 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, will participate in a fireside chat on February 22, 2024, at the Barclays 41st Annual Industrial Select Conference in Miami, Florida.
  • Representing Lear will be:
    Lear's webcast will begin at 9:10 AM EST and will run approximately 30 minutes.
  • The webcast link will be available on the Company's website at ir.lear.com .
  • The webcast replay will be available following the event.

Lear Named One of FORTUNE'S 2024 Most Admired Companies

Retrieved on: 
Mercoledì, Febbraio 7, 2024
Korn Ferry, LEA, Social responsibility, Lear Corporation, Finance

SOUTHFIELD, Mich., Feb. 7, 2024 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it has been named to FORTUNE magazine's "World's Most Admired Companies" list for the eighth consecutive year.

Key Points: 
  • Lear earns honor for 8th consecutive year; improves in 2 survey categories
    SOUTHFIELD, Mich., Feb. 7, 2024 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it has been named to FORTUNE magazine's "World's Most Admired Companies" list for the eighth consecutive year.
  • Lear also improved its standing in the Social Responsibility and Financial Soundness categories compared with last year's study.
  • "I couldn't be more proud of the Lear team for sustaining our recognition as one of FORTUNE's World's Most Admired Companies for eight consecutive years.
  • It is a testament to our talented and dedicated employees worldwide," said Lear President and CEO Ray Scott.

Automotive Central Gateway Module Market to grow by USD 1.15 billion from 2022 to 2027, Increasing government support to promote EVs to boost the growth - Technavio

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Lunedì, Febbraio 5, 2024
Aptiv, Growth, Electronics, Internet of things, Infineon Technologies, CGM, ICE, NXP Semiconductors, ESO, Government, LIN, Continental AG, USD, Climate change, Safety, Challenge, STMicroelectronics, EV, Robert Bosch GmbH, Texas Instruments, Himawari (satellites), Communication, Lear Corporation, Écu, TDK, Risk, Semiconductor industry, EVS, Hitachi

Increasing government support to promote EVs is a key factor driving growth.

Key Points: 
  • Increasing government support to promote EVs is a key factor driving growth.
  • Technavio has segmented the market based on application (passenger cars and commercial vehicles), type (LIN central gateway module, CAN central gateway module, and ethernet central gateway module), and Geography (APAC, North America, Europe, South America, and Middle East and Africa).
  • The automotive central gateway module serves as a critical component in modern automotive electronics, facilitating vehicle connectivity and communication within in-vehicle networks.
  • Overall, the central gateway module enhances vehicle electronics integration and provides automotive connectivity solutions for advanced automotive systems.

Lear to Participate in the Wolfe Research Global Auto and Auto Tech Conference

Retrieved on: 
Mercoledì, Gennaio 31, 2024
LEA, Lear Corporation, Conference

SOUTHFIELD, Mich., Jan. 31, 2024 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, will participate in a fireside chat on February 15, 2024, at the Wolfe Research Global Auto and Auto Tech Conference in New York.

Key Points: 
  • SOUTHFIELD, Mich., Jan. 31, 2024 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, will participate in a fireside chat on February 15, 2024, at the Wolfe Research Global Auto and Auto Tech Conference in New York.
  • Representing Lear will be:
    Lear's webcast will begin at 9:45 AM EST and will run approximately 30 minutes.
  • The webcast link will be available on the Company's website at ir.lear.com .
  • The webcast replay will be available following the event.

The vehicle power distribution market to grow by USD 2.30 billion from 2022 to 2027; the market is fragmented due to the presence of prominent companies like Aptiv Plc, BorgWarner Inc. and Continental AG, and many more- Technavio

Retrieved on: 
Lunedì, Dicembre 4, 2023
TE, Koch Industries, EVS, Risk, Littelfuse, HV, SAS, USD, Continental AG, BorgWarner, Leoni AG, Aptiv, Lear Corporation, Electricity, Electric vehicle, Growth, Connected space, Power inverter, Geography, TDK, Delphi Technologies, Electric motor, Music

NEW YORK, Dec. 4, 2023 /PRNewswire/ -- The vehicle power distribution market is estimated to grow by USD 2.30 billion from 2022 to 2027, growing at a CAGR of 6.14%.

Key Points: 
  • NEW YORK, Dec. 4, 2023 /PRNewswire/ -- The vehicle power distribution market is estimated to grow by USD 2.30 billion from 2022 to 2027, growing at a CAGR of 6.14%.
  • The vehicle power distribution market is fragmented owing to the presence of many global and regional companies.
  • Download Sample before buying
    Aptiv Plc: The company offers vehicle power distribution block solutions such as Electrical distribution systems for EVs.
  • Continental AG: The company offers vehicle power distribution blocks with internal fuses and HV interlock.

Lear to Participate in the Goldman Sachs 15th Annual Industrials & Autos Week Conference

Retrieved on: 
Lunedì, Novembre 27, 2023
LEA, NYSE, Conference, Lear Corporation, Clothing, Broadcasting

SOUTHFIELD, Mich., Nov. 27, 2023 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, will participate in a fireside chat on December 7, 2023, at the Goldman Sachs 15th Annual Industrials & Autos Week Conference in London.

Key Points: 
  • SOUTHFIELD, Mich., Nov. 27, 2023 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, will participate in a fireside chat on December 7, 2023, at the Goldman Sachs 15th Annual Industrials & Autos Week Conference in London.
  • Representing Lear will be:
    Lear's webcast will begin at 4:45 AM EST (9:45 AM GMT) and will run approximately 35 minutes.
  • The webcast link will be available on the Company's website at ir.lear.com .
  • The webcast replay will be available following the event.