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Lear Reports Impact of GM Work Stoppages

24 August 1998

Lear Reports Impact of GM Work Stoppages

    SOUTHFIELD, Mich., Aug. 21 -- Lear Corporation
today reported that its third quarter 1998 earnings per share will be
adversely affected due to the previously concluded work stoppages at General
Motors .
    Earnings per share for the quarter which will end September 26, 1998, have
been adversely affected by approximately $.21 per share due to these work
stoppages.  Lear believes there is limited potential for recovery of lost
sales and operating income.
    A Fortune 500 Company, Lear Corporation is one of the world's largest
automotive suppliers, with 1997 sales of over $7.3 billion.  The Company's
world class products are designed, engineered and manufactured by more than
55,000 employees in over 190 facilities located in 28 countries.  Lear's
compounded annual growth rate for sales and operating income is over 30
percent for the past 15 years.  Information about Lear and its products is
available on the internet at http://www.lear.com.
    This news release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995.  Actual results may
differ materially from the anticipated results as a result of certain risks
and uncertainties, including but not limited to general economic conditions in
the markets in which Lear operates, fluctuations in the production of vehicles
for which the Company is a supplier, labor disputes involving the Company or
its significant customers, risks associated with conducting business in
foreign countries and other risks detailed from time to time in the Company's
Securities and Exchange Commission filings.