UPDATE 1-Lear swings to loss in fourth quarter

Newswire

DETROIT, Jan 29 (Reuters) - Auto-parts maker Lear Corp on Thursday swung to a loss in the fourth quarter due to sharply lower vehicle production in North America and Europe. The parts supplier posted a net loss of $688.2 million, or $$8.91 per share, compared with a year-earlier income of $27 million, or 34 cents per share. Revenue fell to $2.6 billion during the quarter from $3.85 billion a year ago. Lear, which makes automotive seating systems and other parts, said earlier this month ...

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