Lear Honored by Volvo with Award of Excellence

SOUTHFIELD, MI - April 27, 2006: Lear Corporation was recently honored by Volvo Cars Corporation with the 2005 Volvo Cars Award of Excellence for outstanding contribution to the company's total business success during a recent award ceremony in Gothenburg, Sweden.

Lear was honored for excellence in quality performance, flawless launch and social responsibility in diversity for its facilities in Torslanda, Sweden (seating); Gothenburg, Sweden (instrument panel/cockpit) and Mielec, Poland (wiring distribution). As a supplier to Volvo for 20 years, Lear supports Volvo through 11 plants in 4 countries that employ 3,500 people.

The event acknowledged five suppliers from more than 6,000 who met Volvo's highest standards in performance. The award was received by Joe Zimmer, Lear's Senior Vice President and President of the Seating Product Group and Miguel Herrera-Lasso, Lear's Senior Vice President and President of the Electrical and Electronics Product Group.

"Lear has a long history of success with Volvo, with significant Lear content in every Volvo vehicle," said Douglas DelGrosso, president and chief operating officer of Lear Corporation. "We take a partnership approach to working with Volvo to develop joint business improvement initiatives focused on cost, warranty, quality and technological improvements."

As the highest honor a supplier can earn, the Volvo Cars Award of Excellence was created in 1998 to acknowledge outstanding contributions by suppliers who reflect Volvo's core values of safety, environmental care and quality. Lear was the only supplier to receive acknowledgment by Volvo in multiple product groups and facilities.

Lear Corporation is one of the world's largest suppliers of automotive interior systems and components. Lear provides complete seat systems, electronic products and electrical distribution systems and other interior products. With annual net sales of $17.1 billion, Lear ranks #127 among the Fortune 500. The company's world-class products are designed, engineered and manufactured by a diverse team of 115,000 employees at 282 locations in 34 countries. Lear's headquarters are in Southfield, Michigan, and Lear is traded on the New York Stock Exchange under the symbol [LEA].