UPDATE 1-Lear posts big 4th-qtr net loss after charges

Newswire

(Adds details on sales, background) CHICAGO, Jan 25 (Reuters) - Auto parts maker Lear Corp. on Wednesday posted a fourth-quarter net loss, pressured by charges, production cuts on key vehicles and higher materials costs. Lear said the net loss was $596.6 million, or $8.88 per share, compared with net income of $123 million, or $1.70 per share, a year earlier. Lear reported pretax income of $83.6 million, excluding impairment and restructuring charges, but said it could not calculate an ...

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