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Newsroom Lear Ranked #1 in the Motor Vehicle Parts Industry for Third Straight Year in FORTUNE's List of America's Most Admired Companies

Southfield, Mich., February 24, 2005 -- Lear Corporation [NYSE:LEA] today announced that for the third consecutive year, the automotive interior supplier ranked #1 in the Motor Vehicle Parts sector in FORTUNE magazine's America's Most Admired Companies annual survey.

FORTUNE selected the ten largest companies by revenue in 64 industries, including foreign firms with large U.S. operations and then asked 10,000 executives, directors, and securities analysts to rate the companies in their own industries on innovation, people management, use of assets, community/environmental, management quality, financial soundness, long-term investment and product/service quality, using a scale of one to ten.

In all eight segments evaluated, Lear achieved the highest score of any automotive supplier with an overall score of 7.85 for 2005, up from last year's score of 7.68 (see attached chart).

“As the operating environment in our industry becomes tougher it is more important than ever to deliver the highest quality products and services, while remaining focused on operational excellence and improving our overall competitiveness, said Bob Rossiter, Lear's chairman and chief executive officer. “We are pleased to be recognized as America's Most Admired Company in our industry, because that is what the Lear team works hard to achieve each and every day.


Industry Previous Company Overall Score

Rank Rank

1 1 Lear Corporation 7.85

2 2 Johnson Controls 7.16

3 3 Delphi 6.01

4 4 Autoliv 5.97

5 5 Dana 5.90

6 6 Goodyear Tire & Rubber 5.70

7 7 Bridgestone 5.52

8 8 ArvinMeritor 5.26

9 10 Federal-Mogul 4.55

10 9 Visteon 4.45


Key Attributes Industry Score

of Reputation Rank

Management Quality 1 8.18

Long-term Investment 1 8.10

Use of Assets 1 8.02

Product/Service Quality 1 7.98

Financial Soundness 1 7.90

People Management 1 7.84

Community/Environment 1 7.43

Innovation 1 7.37

Lear Corporation, a Fortune 500 company headquartered in Southfield, Mich., USA, focuses on integrating complete automotive interiors, including seat systems, interior trim and electrical systems. With annual net sales of $17 billion in 2004, Lear is one of the world's largest automotive interior systems suppliers. The company's world-class products are designed, engineered and manufactured by more than 110,000 employees in 34 countries. Further information about Lear and its products is available on the internet at

Posted on 2/24/2005

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