Page 8 - Lear Corp News Today

France-based auto parts supplier Forvia, formerly Faurecia, is closing its Highland Park, Michigan, seating plant at the cost of 511 jobs in an “amicable” agreement with the UAW.

United Auto Workers union members at the Lear Corp. plant in Hammond voted to reject a proposed contract.

Metro Detroit automakers aren't the only ones worried about contract talks with the United Auto Workers. The entire supply chain is sweating the potential of a strike. Automotive parts producers up and down the tiers are preparing for a possible work stoppage next month that could result in…

Operator: Good morning and welcome to the Lear Corporation Second Quarter 2023 Earnings Conference. [Operator Instructions] Please note this event is being recorded.

Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies.

We kick off the second half of earnings season this week with reports from our last two mega-caps.

Forvia is planning to close its seating plant in Highland Park and lay off 511 employees in the latest round of job cuts by the automotive supplier.The company expects the permanent layoffs at 13000 Oakland Park Blvd. to be complete around Sept. 23, according to a WARN notice filed with the state,…

A good tool for spotting turnaround candidates is the price-to-sales ratio.

/PRNewswire/ -- The wire harness market size is estimated to grow by USD 35.17 billion from 2021 to 2026 at a CAGR of 5.7% according to Technavio. The growing...

A good tool for spotting turnaround candidates is the price-to-sales ratio. Start with a company’s stock price. Divide it by the company’s sales (revenue) per share. If the number you get is less than 1.0, the stock is cheap; typically the company is straining for growth and profits. When you