Lear Corporation (Lear), incorporated on January 13, 1987, is a supplier to the global automotive industry. The Company is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Company's segments include Seating and E-Systems. The Company serves the automotive and light truck market. As of December 31, 2016, the Company had 243 manufacturing, engineering and administrative locations in 37 countries.
Seating Segment
The Seating segment consists of the design, development, engineering, just-in-time assembly and delivery of complete seat systems, as well as the design, development, engineering and manufacture of all seat components, including seat covers and surface materials, such as leather and fabric, seat structures and mechanisms, seat foam and headrests. It produces seat systems that are fully assembled and ready for installation in automobiles and light trucks. The Company develops seat systems and components for all vehicle segments from compact cars to full-size sport utility vehicles. Intelligent Seating (INTU Seating) is an integral device facilitating the direct connection between drivers and passengers and the vehicle. The Company has developed active sensing and comfort seat capabilities, utilizing electronically controlled sensor and adjustment systems and internally developed algorithms. It has also developed technologies that focus on monitoring certain bio-metric readings through seat sensors. Its Lear Crafted Comfort Connect and Advanced Comfort Systems are adjustable cushions, seat backs and side bolsters which support correct posture.
The Company competes with Adient, plc, Faurecia S.A., Toyota Boshoku Corporation, TS Tech Co., Ltd. and Magna International Inc.
E-Systems Segment
The E-Systems segment consists of the design, development, engineering, manufacture, assembly and supply of electrical distribution systems, electronic modules and related components and software for light vehicles across the world. It provides connectivity hardware and software capabilities that facilitate secure, wireless communication between the vehicle's electrical and electronic architecture and external networks, as well as other vehicles. Electrical distribution systems route electrical signals and manage electrical power within the vehicle. The components in the electrical distribution system include wiring harnesses, terminals and connectors and junction boxes, including components for high power and hybrid electric systems. Wire harness assemblies are a collection of wiring and terminals and connectors that link all of the various electrical and electronic devices within the vehicle to each other and/or to a power source. Terminals and connectors include conductive metal components and connector housings that join wire harness assemblies together at their respective end points or connect devices to wire harness assemblies. Junction boxes are centrally located modules within the vehicle that contain fuses and/or relays for circuit and device protection and serve as a connection point for multiple wire harnesses. The Company provides products and technologies that enable the varying degrees of powertrain electrification being employed by automotive manufacturers from mild hybrid vehicles to full electric vehicles, including 48-volt architectures. Its products include on-board charging systems, charge cord sets, high voltage electrical distribution systems and battery monitoring technology.
The E-Systems segment also designs, develops, engineers and manufactures electronics, which control various functions within the vehicle, as well as develop and integrate the associated software for these electronic modules. Its electronic modules include body control modules, gateway modules, wireless control modules, lighting control modules and audio amplifiers. It develops and produces gateway modules, which facilitate secure access to, and communication with, all of the vehicle systems at a central point and translate various signals to facilitate data exchange across vehicle domains. Its wireless systems include passive entry systems, remote keyless entry and dual range/dual function remote keyless entry systems. Its electronics product offerings also include lighting control modules, which provide the electronic control logic and diagnostics for vehicle lighting systems. It supplies light emitting diode (LED) lighting control systems for vehicle interiors and exteriors.
The Company competes with Delphi Automotive PLC, Leoni AG, Koch Industries Inc., Sumitomo Corporation, TE Connectivity, Yazaki Corporation, Continental AG, Denso Corporation, Samsung Electronics Co. Ltd., Hella AG, Robert Bosch GmbH, Valeo S.A. and Visteon Corporation.
21557 Telegraph Rd
The company trades on NYSE exchange. The company headquarter is located in Michigan, MI. The company was established in the 1917.| Ticker | LEA |
| Long Name | Lear Corporation |
| Short Name | Lear |