Lear announces continue progress on diversification of global sales

Lear Corporation, a leading global supplier of automotive seating systems, electrical distribution systems and electronic products, today reported financial results for the second quarter of 2008 and updated its outlook for the full year of 2008.

Highlights:
- Net sales of $4.0 billion
- Core operating earnings of $164 million
- Positive free cash flow of $16 million
- Acceleration of global restructuring actions
- Continued progress on diversification of global sales
- Amendment of credit facility extends commitments to 2012
- Ranked highest among all major seat manufacturers in 2008 J.D. Power and Associates Seat Quality and Satisfaction Study