Lear posts narrower quarterly loss

Newswire

CHICAGO, Oct 26 (Reuters) - Auto parts supplier Lear Corp. on Thursday posted a narrower quarterly net loss as it remained under pressure from production cuts by North American automakers on key pickup trucks and sport-utility vehicles. Lear said the net loss narrowed to $74 million, or $1.10 per share, in the third quarter, from $750.1 million, or $11.17 per share, a year earlier when it took $777.7 million of impairment and restructuring charges.

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