BRIEF: For the six months ended 4 July 2009, Lear Corporation's revenues decreased 43% to $4.45B. Net Loss totaled $438.4M vs. an income of $96.5M. Revenues reflect lower industry production volumes in North America & Europe as well as impact of net foreign exchange rate fluctuations. Net loss also reflects lower gross margins and higher interest expenses. This Company is incorporated in Delaware in 1987.

Common Stock $.01 Par, 7/09, 150M auth., 82,549,501 issd., less 5,028,271 shs. in Treas. @ $170.1M. Insiders control 1.14%(incl. 310K options). IPO 4/94, 10.3M shs. @ $15.50 by Lehman Bros. (LB). PO 9/95, 20M shs. @ $29.25 by LB. PO 7/96, 15M shs. @ $33.50 by LB. PO 6/97,10.3M shs @ $40 by 11/09, Company filed for Bankruptcy.

Lear Corporation (Lear) is a global tier I supplier of automotive seat systems, electrical distribution systems and electronic products with a global footprint that includes locations in 36 countries worldwide. Its business is focused on providing complete seat systems and the components thereof, as well as electrical distribution systems and electronic products, and the Company supply every automotive manufacturer in the world. The Company conducts its business in two product operating segments. The electrical and electronic segment includes electrical distribution systems and electronic products, primarily wire harnesses, junction boxes, terminals and connectors, various electronic control modules, wireless systems and high voltage components, as well as audio sound systems and in-vehicle television and video entertainment systems. On July 7, 2009, Lear and certain of its subsidiaries filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code.