UPDATE 1-Lear to suspend dividend, restructures Europe unit


(Recasts first sentence, adds CEO comments, details, background, changes dateline from NEW YORK) CHICAGO, March 29 (Reuters) - Auto parts maker Lear Corp. , in the midst of a two-year restructuring plan, said on Wednesday it will suspend its quarterly cash dividend and borrow $800 million as it tries to weather difficult conditions in the sector. It also tentatively agreed to contribute its European interior products business to a joint venture with billionaire financier Wilbur Ross in ...

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