Lear Honored by General Motors as "Corporation of the Year"

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Mar 15, 2012, 08:46 ET

SOUTHFIELD, Mich., March 15, 2012 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical power management systems, was named by General Motors as "Corporation of the Year" for its significant contributions to GM's global success in 2011. This is the highest honor that any supplier to General Motors can win, and Lear was chosen from the 20,000 suppliers that serve GM globally. Lear also was recognized as a 2011 General Motors Supplier of the Year for Seat Assemblies. This marks the eighth consecutive year, the eleventh year out of the last twelve, and the fourteenth time that Lear has been named a General Motors Supplier of the Year. These awards were presented to Lear during a ceremony held March 13th at the Detroit Institute of Arts in Detroit, Michigan.

"We are truly honored to be recognized with these prestigious awards from General Motors," said Matt Simoncini, Lear President and CEO. "Customer Focus is one of our core values, and having our efforts recognized with another 'Supplier of the Year' award and our first 'Corporation of the Year' award, is particularly gratifying. I want to congratulate the entire Lear team for their support of our customers and especially those that work directly with General Motors."

"The Supplier of the Year award winners' partnership, dedication and commitment to consistently perform above expectations played an important role in GM's success in 2011," said Bob Socia, vice president, Global Purchasing and Supply Chain.

The GM Supplier of the Year award began as a global program in 1992. Winners are selected by a global team of purchasing, engineering, quality, manufacturing and logistics executives who base their decisions on supplier performance in innovative technology, superior quality, outstanding launch support, crisis management and competitive total enterprise cost solutions. This year, General Motors honored 82 suppliers for their outstanding performance throughout 2011.

Lear Corporation is one of the world's leading suppliers of automotive seating and electrical power management systems. The Company's world-class products are designed, engineered and manufactured by a diverse team of approximately 98,000 employees located in 35 countries. Lear's headquarters are in Southfield, Michigan, and Lear is traded on the New York Stock Exchange under the symbol [LEA]. Further information about Lear is available on the internet at http://www.lear.com.

SOURCE Lear Corporation