Lear earnings rise on 10 percent sales growth

Newswire

SOUTHFIELD, Mich., Jan 27 (Reuters) - Lear Corp. , the world's fifth-largest automotive parts supplier, said on Monday its quarterly earnings rose sharply, boosted by higher vehicle production in North America. Lear, a maker of seating, instrument panels, electrical components and other interior systems, posted net earnings in the fourth quarter of $118.0 million, or $1.76 a share. The Southfield, Michigan-based company had recorded a net loss of $48.8 million, or 76 cents a share, in the ...

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