Lear Corporation (Lear) is a global tier I supplier of automotive seat systems, electrical distribution systems and electronic products with a global footprint that includes locations in 36 countries worldwide. The Company business is focused on providing complete seat systems and the components thereof, as well as electrical distribution systems and electronic products, and the Company supply every automotive manufacturer in the world. In 2008, the Company sales were comprised of vehicle categories: 65% cars, including 28% mid-size, 22% compact, 13% luxury/sport and 2% full-size, and 35% light truck, including 21% sport utility/crossover and 14% pickup and other light truck. The Company conducts its business in two product operating segments: seating and electrical and electronic. In April 2009, The Furukawa Electric Co., Ltd. acquired interests in Lear Furukawa Corp. from Lear Corporation. As of April 22, 2009, The Furukawa Electric Co., Ltd. owned 80% interest in Lear Furukawa Corp.
Lear was founded in 1917 in Detroit as American Metal Products, a manufacturer of tubular, welded and stamped assemblies for the automotive and aircraft industries. Lear has grown to meet the changing needs of the industry with 18 major acquisitions since 1994, when Lear went public.
Today, the company provides complete seat systems, electronic products and electrical distribution systems. With annual net sales of $13.6 billion in 2008, Lear ranked #157 in 2008 among the Fortune 500. The company's world-class products are designed, engineered and manufactured by a diverse team of 80,000 employees at 210 facilities in 36 countries. Lear's headquarters are in Southfield, Michigan, and Lear is traded on the New York Stock Exchange under the symbol [LEA].
The success of Lear is a result of our dedication to provide the best possible service to the world's automakers - which includes understanding their customers, the automotive consumer - by delivering increased value through the latest vehicle interior technologies and the continuous improvement of our processes and product quality. All of this is reflected in Lear's exclusive People-Vehicle-Interface Methodology. By utilizing the PVI Method, Lear employs an innovation development discipline that turns market opportunities into the products that consumers want and customers need in their vehicles.
|Short Interest (Shares Short) ||5,488,800 |
|Days To Cover (Short Interest Ratio) || |
|Short Percent of Float ||7.20 % |
|Short Interest - Prior ||3,062,200 |
|Short % Increase / Decrease ||79.24 % |
|Short Squeeze Ranking™ ||-3 |
Short interest has increased here.Updated May 28th 2009
May 23, 2009 (Wall Street Horizon via COMTEX) -- LEA | Quote | http://charts.powerratings.net/prcharts/?src=prchartl&sym=LEA");" rel="nofollow">Chart | News | PowerRating -- e>Lear Corp. (LEA)
Expected next earnings release: Announcement date: 7/29/2009 - Before Market Earnings Quarter: Q2 Announcement Status: Unconfirmed