US: Lear reports 136% rise in Q1 net earnings

Lear Corporation has reported net revenue in the first quarter of 2011 of US$3,511.7m, versus US$2,938.5m in Q1 2010, an increase of US$573m or 19.5%. Improved global vehicle production volumes and the impact of new business positively impacted net revenue by US$284m and US$187m, respectively. Gross profit and margin were US$323m Subscribe to Automotive World … Continued

• By Webmaster
• May 3, 2011