Lear is Cooperating Fully with Investigation of Anti-competitive Practices by the European Commission
SOUTHFIELD, Mich., Feb. 25 /PRNewswire-FirstCall/ -- Lear Corporation (NYSE:
LEA), a leading global supplier of automotive Seating and Electrical
Power Management systems, today reported that the Company has been
notified by the European Commission that it is part of an investigation
into anticompetitive practices among automotive electrical and
electronic component suppliers. The Commission has publicly stated that
the investigation does not mean that the companies involved are guilty
of anticompetitive behavior.
"Lear is cooperating fully with the European Commission in their
investigation, and I am confident that our Company is not involved in
any anticompetitive practices," said Bob Rossiter, Lear's chairman,
chief executive officer and President.
Lear Corporation is one of the world's leading suppliers of
automotive Seating and Electrical Power Management systems. The
Company's world-class products are designed, engineered and manufactured
by a diverse team of 75,000 employees at 197 facilities in 35
countries. Lear's headquarters are in Southfield, Michigan, and Lear is
traded on the New York Stock Exchange under the symbol [LEA]. Further
information about Lear is available on the Internet at http://www.lear.com.
SOURCE Lear Corporation
Posted on 2/25/2010