Lear Corporation Completes Acquisition of 100% of Lear- Donnelly Joint Venture Company

Lear Corporation (NYSE: LEA) today announced it has completed the acquisition of Donnelly Corporation's 50-percent stake in Lear-Donnelly Overhead Systems, L.L.C. (LDOS), the joint venture in which the two automotive suppliers had been equal partners. Terms of the transaction were not released. Lear Corporation now owns 100 percent of Lear-Donnelly Overhead Systems. LDOS designs and manufactures overhead systems for the automotive industry. The 50-50 joint venture was formed in 1997 by Donnelly and Lear, with each company contributing certain assets. The LDOS product line includes headliners, sun visors, lighting and overhead consoles. Lear Corporation, a Fortune 200 company headquartered in Southfield, Michigan, is one of the world's largest automotive suppliers, with 1998 proforma sales of more than $12 billion. The company's world-class products are designed, engineered and manufactured by more than 100,000 employees in over 300 facilities located in 33 countries. Information about Lear and its products is available on the Internet at http://www.lear.com . ots Original Text Service: Lear Corporation Internet: http://www.newsaktuell.de Contact: Media, Karen Stewart-Spica, Corporate Communications, 248-447-1651 (in the USA), or Analysts, Jody Glancy, Investor Relations, 248-447-5906 (in the USA), both of Lear Company News On-Call: http://www.prnewswire.com/comp/518304.html or fax, 800-758-5804, ext. 518304 (in the USA) Web site: http://www.lear.com

Klíčová slova PROTEXT-Lear Corporation-Donnelly Corporation

Oblast
USA, Kanada, OSN, svět a Arktida (us)

Kategorie
Auto-moto, doprava a stroje

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