Lear Honored by GM as a 2006 Supplier of the Year
SOUTHFIELD, Mich., April 3 /PRNewswire-FirstCall/ -- Lear Corporation (NYSE:
LEA), was presented the General Motors 2006 Supplier of the Year award
for its overall business performance in providing GM with world-class
parts and services. The 15th annual award -- themed the "Best of the
Best" -- was given during ceremonies Saturday, March 31 at the JW
Marriott Orlando Grande Lakes in Orlando, Fla.
"We are proud to honor Lear as one of the 'Best of the Best' GM
suppliers in 2006," said Bo Andersson, GM group vice president, Global
Purchasing and Supply Chain. "Lear achieved the award based on
outstanding performance in 2006. We appreciate their energy, hard work
and dedication to the success of GM."
Lear was named Supplier of the Year for Global Seating Systems. Lear
has supported GM in successfully launching 21 programs worldwide this
year and Lear continues to focus on superior quality, applying lessons
learned for each progressive launch and sharing best practices around
the world. In 2006, Lear delivered significant savings with the
flawless execution of GM's product launches as well as ongoing technical
"Quality and service go hand in hand and these attributes are
ingrained in our corporate culture," said Bob Rossiter, Lear Chairman
and CEO. "The Lear team appreciates being acknowledged as a Supplier of
the Year and we are committed to continuous improvement in our
relationship with GM."
The GM Supplier of the Year award began as a global program in 1992.
Winners are selected by a global team of executives from purchasing,
engineering, manufacturing and logistics who base their decisions on
supplier performance in quality, service, technology and price. This
year, General Motors honored 89 suppliers for their outstanding
performance throughout 2006.
Lear Corporation is one of the world's largest suppliers of
automotive interior systems and components. Lear provides complete
seating systems, electronic products and electrical distribution
systems. In 2006, Lear ranked #127 among the Fortune 500. Lear's
world-class products are designed, engineered and manufactured by a
diverse team of more than 90,000 employees at 242 facilities in 33
countries. Lear's headquarters are in Southfield, Michigan. 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
CONTACT: Investor Relations, Ed Lowenfeld, +1-248-447-4380, or
Andrea Puchalsky, +1-248-447-1651, both of Lear Corporation
Web site: http://www.lear.com/
Company News On-Call: http://www.prnewswire.com/comp/518304.html
Posted on 4/3/2007