Lear Corporation Honored with Chrysler Group's Interior Component Award

SOUTHFIELD, Mich., Aug. 26, 2003 -- Lear Corporation , today announced that it has been presented with the Chrysler Group's prestigious Interior Component Award in recognition for outstanding performance among suppliers of automotive interior products and systems.

The Chrysler Group Interior Component Award is based on excellent performance in quality, delivery, technology and cost for interior trim and seating. Lear is the only company to receive this award in the interior category.

"Customer satisfaction is our top priority at Lear and we are honored to be recognized by the Chrysler Group," said Bob Rossiter, Lear Chairman and CEO. "Our operating philosophy is based on providing the best quality, value and service in the industry to ensure that we all succeed in the marketplace."

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 .