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Suppliers see opportunity as auto industry shifts to mobility
Dustin Walsh - Executives from American Axle, Lear and BorgWarner outline different approaches for transitioning during a meeting of the Detroit Economic Club.
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Detroit Grand Prix adds Lear as presenting sponsor
Annalise Frank - Chevrolet remains the title sponsor of the IndyCar racing event, which runs June 2-4 on Belle Isle.
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Lear to supply technologies for road safety pilot program in Wyoming
Tyler Clifford - The Southfield-based corporation will supply advanced connectivity technologies that will allow WYDOT to test and collect data on connected vehicle systems.
View ArticleLear posts 23% boost in Q1 net income
Stephanie Hernandez McGavin Automotive News - Despite the jump in 2017 first-quarter revenue and a stronger profit margin, the Southfield-based supplier may again face doubts from investors.
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Lear closes $307 million deal with Grupo Antolin
Kurt Nagl - The Southfield-based auto supplier has acquired the seating business of the Spain-based auto interiors company.
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Detroit Grand Prix sees record number of sponsors
Tyler Clifford - There are 17 newcomers while a dozen, including presenting sponsor Lear Corp., have increased their level of support for the June 2-4 races on Belle Isle.
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Auto supply chains adjust to Mexican border delays
Eric KulishAutomotive News - Cargo operations at the busy Laredo port of entry will be limited for at least two more weeks as U.S. and Mexican authorities work to repair damage caused by a devastating...
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Motown Museum closer to $50 million goal with $750,000 Lear gift
Sherri Welch - The 40,000-square-foot expansion on West Grand Boulevard will house interactive exhibits, theater, recording studios, meeting spaces, a cafe and expanded retail.
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Longtime Detroit retailer Spectacles makes new lease deal with Lear
Annalise Frank - After uncertainty about the fate of the apparel, music and accessories hub run by Zana Smith, Lear Corp. announced that Spectacles will remain in the historic Hemmeter Building under...
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Lear Q2 net rises 10% to $312 million
Katie BudaAutomotive News - The seating and electronics supplier reported net income in the three months ended July 1 of $311.9 million.
View ArticleLear receives grant for plant at old Buick City complex in Flint
Tyler Clifford - Lear wants to build a $30 million, 156,000-square-foot assembly and subassembly plant where it would create 435 jobs.
View ArticleLear building plant on part of Flint's former Buick City
Associated Press - Officials of the Southfield-based manufacturer joined other leaders Monday for a groundbreaking where the Buick City complex once stood.
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Smart garments, e-textiles to be stars of fashion show in Detroit
Kurt Nagl - The 360Fashion & Tech Exhibition on Friday will include 30-50 pieces on display at the Lear Innovation Center.
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Lear CEO Matt Simoncini to retire from company
Dustin Walsh - The executive's resignation is effective Feb. 28. Ray Scott will be promoted to the CEO job at the Southfield-based seating and electronics supplier.
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Next for Lear's Simoncini? Rolling up his sleeves
Dustin Walsh - Simoncini is retiring after 11 years in the C-suite at the Southfield-based auto supplier. Rumors have swirled about his next move, but the exec says he wants to spend more time with his...
View ArticleMary Kramer on WJR: Next for Lear's Simoncini | Activist investor eyes...
Mary Kramer - Crain's Detroit Business Group Publisher Mary Kramer chats with Paul W. Smith on WJR AM 760 about stories from the Nov. 20 issue. Listen to the interview and then read the stories.
View ArticleLear to acquire GPS technology company EXO Technologies
Tyler Clifford - The deal will help the Southfield-based automotive supplier improve its connected vehicle technologies.
View ArticleNewsmaker Matt Simoncini weighs in on politics, transit, education
Dustin Walsh - The Lear Corp. CEO, who was honored Thursday as Crain's 2017 Newsmaker of the Year, said he's not cut out for political leadership but he'll further his involvement in Detroit...
View ArticleSeating supplier IMA to lay off 127 in Highland Park
Kurt Nagl - Integrated Manufacturing Assembly, a joint venture of Lear Corp. and Comer Holdings, says the layoffs are due to a program loss.
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Lear seeks tenants for downtown Detroit building
Chad Livengood - The auto supplier is actively trying to lease out space in the recently renovated Hemmeter Building as it re-evaluates its real estate portfolio.
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