Lear Corp. says its revenues should drop as much as 3% in 2001 because of slowing U.S. car production and continuing weakness of the euro. Company executives offer a production forecast of 16.4 million light vehicles in North America in 2001. Likewise, they foresee relatively flat production in Europe, at 16.4 million units, and a slight improvement in South America. The company tells financial analysts in a recent conference call that some plants may be closed or consolidated. “2001 ...
Premium Content (PAID Subscription Required)
"Lear Expects Sales Dip in '01" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.