UPDATE 3-Lear posts big 4th-qtr net loss after charges

Newswire

(Recasts first paragraph, adds stock activity) By David Bailey CHICAGO, Jan 25 (Reuters) - Auto parts maker Lear Corp. on Wednesday posted a steep fourth-quarter net loss, pressured by charges, but said operating results came in slightly better than expected and shares rose 6 percent. Lear, which announced a two-year restructuring plan in June, said production cuts by North American automakers on key vehicles and higher raw material costs hurt results. But the company reported positive ...

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