Page 27 - Lear Corp News Today

Lear Corp. has announced plans to acquire I.G. Bauerhin (IGB), a privately held supplier of auto seat technology for $149.96 million.

(RTTNews) - Lear Corp. (LEA) agreed to acquire I.G. Bauerhin (IGB), a privately held supplier of automotive seat heating, ventilation, active cool...

Lear agreed to buy Gruendau-Rothenbergen, Germany-based I.G. Bauerhin in a deal expected to be finalized in the next six to nine months.

Lear Corp. in Southfield has acquired Thagora Technology SRL, which specializes in material utilization hardware and software technologies.

/PRNewswire/ -- The Vehicle Access Control Market value is set to grow by USD 4.59 billion, progressing at a CAGR of 8.71% from 2021 to 2026, as per the latest...

Automotive suppliers are in for a rude awakening, despite hoping for relief, as the financial headwinds endured over the past two years are continuing—or worsening.

"I've been in the industry 20 years now, and it's worse than I've seen and it is sustaining," said Nik Endrud, executive vice president for Forvia North America. "There's lot of downstream impacts to the stop-and-go concept on everybody."

Inflation and production volatility are squeezing the revenue, income and margins of major automotive suppliers that had been hoping for some relief by now from the financial headwinds of the past two years. Quarterly earnings reports from many of those companies out this week show that those…

Automotive seating supplier Adient said Thursday that earnings swung to a loss and revenue fell 11 percent for its fiscal second quarter as a variety of industry headwinds hurt results. The company posted an $81 million net loss, compared with a $69 million gain during the same period last year…

Adapting to allow out-of-state coverage could be a chance for employers to retain and attract talent while avoiding the controversy of a charged political topic like abortion.