Suppliers slash spending, jobs, EV plans as they brace for middling new-vehicle sales [Yahoo! Finance]
Lear Corporation (LEA)
Last lear corporation earnings: 1/28 06:00 am
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Source: Yahoo! Finance
Lear Corp., for example, cut about 15,000 jobs worldwide in 2024, a figure it expects to match in 2025. “The actions we are taking will continue to improve efficiency in our operations,” said Lear Corp. CEO Ray Scott during a Feb. 6 conference call with investors. The days of suppliers touting huge investments in engineering and retooling plants for EV parts production are over. Today, it's become more fashionable for suppliers to find ways to save money in a highly uncertain market, and to prioritize free cash flow and shareholder returns Sign up for Automotive News breaking news alerts and be the first to know when big news happens. Suppliers including Lear, Dana, Magna International and BorgWarner have detailed layoffs, factory closures and spendi
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LEA
News
- Lear Integrates ComfortMax Seat Engineering Technology with General MotorsPR Newswire
- Lear to Participate in the Wolfe Research Virtual Autos SummitPR Newswire
- Lear Co. (NYSE: LEA) was downgraded by analysts at Cowen Inc from a "buy" rating to a "hold" rating.MarketBeat
- Lear Co. (NYSE: LEA) was downgraded by analysts at TD Cowen from a "buy" rating to a "hold" rating. They now have a $95.00 price target on the stock.MarketBeat
- Lear Co. (NYSE: LEA) had its price target lowered by analysts at Morgan Stanley from $135.00 to $125.00. They now have an "overweight" rating on the stock.MarketBeat
LEA
Earnings
- 2/6/25 - Beat
LEA
Sec Filings
- 3/7/25 - Form 4
- 3/4/25 - Form 8-K
- 2/20/25 - Form 4
- LEA's page on the SEC website