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Press Room Lear Announces New Seating Business With BRP

PRNewswire-FirstCall
SOUTHFIELD, Mich.
(NYSE:LEA)

SOUTHFIELD, Mich., March 15 /PRNewswire-FirstCall/ -- Lear Corporation (NYSE: LEA) today announced that it has been awarded a new contract to supply seating systems to Bombardier Recreational Products Inc. (BRP) for its Can-Am line of all-terrain vehicles (ATV). The new business is for a term of five years. Financial details of the agreement were not disclosed.

In May of this year, Lear will begin providing complete seating assemblies with key characteristics of durability and comfort to BRP's all-new ATV assembly plant in Juarez, Mexico. The seats will be produced at Lear's existing San Lorenzo, Mexico seating facility which currently employs 2,500 workers. This facility also manufactures seat trim covers for Ford Motor Company and DaimlerChrysler Corporation's Chrysler unit.

"This new seating business signals progress in our strategic initiative to further diversify Lear's customer and product segment portfolio and explore non-traditional growth opportunities that are synergistic with our core competencies and existing infrastructure," said Doug DelGrosso, Lear President and Chief Operating Officer. "Lear and BRP are working jointly to identify other opportunities and we are also exploring possibilities to leverage our seating expertise within other industries."

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 Media,
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 3/15/2007

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