The Latest Breaking News from Ray Scott

Lear Corporation (NYSE:LEA) has agreed to acquire I.G. Bauerhin, an automotive seat heating, ventilation, active cooling, and electronic control modules supplier, for €140 million. LEA expects the acquisition to expand its product capabilities into active cooling and complement its existing offerings. The transaction marks Lear's second acquisition of a thermal comfort solutions company.…

Lear Corp (NYSE:LEA) reported a fourth-quarter FY21 sales decline of 7% year-on-year, to $4.88 billion, beating the analyst consensus of $4.72 billion. Global vehicle production decreased 13% Y/Y with North America down 15%, Europe down 26%, and China down 4%. Selling, general and administrative expenses fell 4.4% Y/Y to $140.2 million. Core operating…