Parts-Maker Lear Hikes Sales Forecast as Strong U.S. Auto Sales Boost Demand

Newswire

Oct 25 (Reuters) - Lear Corp raised its full-year forecast as demand rose for its auto seats and electric power systems due to strong vehicle sales in the United States. Lear shares rose 2 percent in premarket trading after the company reported an 11 percent rise in quarterly revenue. The company has benefited from an increase in demand for new cars in the United States. Although recent economic uncertainty has tempered demand, automakers are on track to report some of their highest ...

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