Lear Honored by Toyota for Superior Supplier Diversity and Excellence in Quality
SOUTHFIELD, Mich., March 29 /PRNewswire-FirstCall/ -- Lear Corporation (NYSE:
LEA) today announced it was honored by Toyota Motor Engineering and
Manufacturing North America, Inc. (TEMA) for its accomplishments in the
areas of superior supplier diversity and excellence in quality. The
awards were presented to Lear this week during the Annual TEMA Supplier
With respect to supplier diversity, Lear was cited for its
outstanding achievements in minority business development initiatives.
The award specifically highlighted Lear's joint venture with Reyes
Automotive in San Antonio, Tex., which supplies the all-new Toyota
Tundra pickup truck, as well as Lear's work with Jackson Plastics, Inc. a
diverse supplier of injection- molded plastic components to Toyota.
This is the third consecutive year Lear has been recognized by Toyota
for superior supplier diversity.
Additionally, Lear's plant in Edinburgh, Ind., marked its sixth year
in a row as an award recipient for excellence in quality to Toyota.
While Edinburgh has the sole distinction for being honored each year,
numerous Lear locations have been cited over the years for achieving
Toyota's rigid performance standards.
"Lear is strongly committed to both diversity and quality initiatives
because we believe they are key elements in maintaining a competitive
advantage in the automotive industry," said Lear Chairman and CEO, Bob
Rossiter. "Quality is an essential element to today's discerning
automotive consumers and a diverse supply base and workforce provide
opportunities important to achieving our overall business objectives.
We welcome the challenges set by Toyota and all our customers to
consistently raise the bar in both these imperatives."
Toyota's annual business meeting and awards ceremony bring together
the automaker's approximately 500 North American suppliers to share
expectations for the coming business year and to acknowledge those
suppliers who have met Toyota's highest standards in quality, delivery,
diversity, technology/development and value improvement for parts and
materials in 2006.
Lear Corporation is one of the world's largest suppliers of
automotive interior systems and components. Lear provides complete seat
systems, electronic products and electrical distribution systems and
other interior products. With annual net sales of $17.8 billion in
2006, Lear ranks #127 among the Fortune 500. Lear's world-class
products are designed, engineered and manufactured by a diverse team of
104,000 employees at 265 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 3/29/2007