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Lear Corporation Honored by General Motors as a 2002 Supplier of the Year

SOUTHFIELD, Mich., April 14 -- Lear Corporation was named as a General Motors Supplier of the Year for its superior performance in providing GM with automotive interiors. The award was given during ceremonies Saturday, April 12, in Miami at the Miracle Theatre.

  

"Lear is representative of the companies GM expects to grow with us as we seek to increase market share," said Bo Andersson, vice president, GM Worldwide Purchasing Production Control & Logistics. "The company's performance and contributions have been critical in helping GM to become the industry's low cost producer of high quality vehicles. They serve as a role model for other suppliers."

"This award is extremely important to Lear, not only because GM is our largest customer, but because this recognition signifies that we are achieving our goal to help our customers become more successful," said Bob Rossiter, Lear Chairman and CEO. "We look forward to many future successes with GM as we work in partnership to continuously improve the quality, harmony and craftsmanship of GM's vehicle interiors."

The GM Supplier of the Year award began as a global program in 1992. Award-winners are selected by a global team of executives from purchasing, engineering, manufacturing and logistics who base their decisions on supplier performance in quality, service, technology and price. This year, General Motors honored 70 suppliers for their excellence throughout 2002.

Lear Corporation , a Fortune 500 company headquartered in Southfield, Mich., USA, focuses on integrating complete automotive interiors, including seat systems, interior trim and electrical systems. With annual net sales of $14.4 billion in 2002, Lear is the world's largest automotive interior systems supplier. The company's world-class products are designed, engineered and manufactured by 115,000 employees in more than 280 facilities located in 33 countries. Additional information about Lear and its products is available on the Internet at www.lear.com .

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