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Press Room Lear Honored by General Motors as a Supplier of the Year

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

SOUTHFIELD, Mich., May 1 /PRNewswire-FirstCall/ -- Lear Corporation (NYSE: LEA) was named as a General Motors Supplier of the Year for its overall business performance in providing GM with world-class parts and services. The award was given during a ceremony on April 29 at GM's Vehicle Engineering Center at the General Motors Technical Center in Warren, Mich.

"We consider Lear to be a role model for all suppliers. They are recognized as a GM Supplier of the Year because they exceeded our expectations in 2005," said Bo Andersson, vice president of Global Purchasing and Supply Chain. "Lear is one of the best in the world and we thank them for their hard work and commitment to helping make GM vehicles the best in the world."

Lear was named Supplier of the Year for delivery of seating products. Earlier this year, Lear announced it had achieved a 6% improvement in automotive seat quality based on the J.D. Power and Associates' 2005 Seat Quality Report™, an analysis of consumer experiences with the quality, design and features of their automotive seats. Lear's quality ranking was better than any other high-volume manufacturer in North America for the fifth consecutive year.

Lear supplies seating for 17 General Motors car platforms and 12 truck platforms. Lear's continued support to GM in the execution of cost reduction opportunities in the area of seating, along with its focus on quality and customer satisfaction contributed to its selection as part of this elite group.

"This award demonstrates Lear's ability to meet the highest standards of our customers with superior quality products as well as innovative and cost- effective solutions," said Bob Rossiter, Lear chairman and chief executive officer. "Our commitment to customer satisfaction is central to the Lear philosophy and a never-ending process."

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.

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 $17.1 billion, Lear ranks #127 among the Fortune 500. The Company's world-class products are designed, engineered and manufactured by a diverse team of 115,000 employees at 282 locations in 34 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

CONTACT: Investor Relations: Mel Stephens, +1-248-447-1624, 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 5/1/2006

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