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Lear Corporation Selected by IndustryWeek Magazine

16 August 1999

Lear Corporation Selected by IndustryWeek Magazine As One of the World's 100 Best-Managed Companies

    SOUTHFIELD, Mich., Aug. 16 -- Lear Corporation is
on the fourth annual list of IndustryWeek's 100 Best-Managed Companies.
Chosen by editors at IndustryWeek (IW) Magazine, the list includes the world's
100 best managed companies.  The report appears in the today's issue of
IndustryWeek.
    Candidates for IndustryWeek's 100 Best-Managed Companies were culled from
the IndustryWeek 1000, a list of the world's largest publicly held
manufacturing companies based on revenues.  Waltham, Mass.-based Primark
supplied the data for the IW 1000, which was published in June.
    Each company was selected after a lengthy evaluation that included the
following four steps: analysis of the company's financial performance; review
of a questionnaire that each IW 1000 company was given an opportunity to
complete; research into each company's practices in areas such as philanthropy
and safety; and voting by a panel of more than 100 business leaders, analysts,
and academicians.
    "The Lear organization is honored by this recognition.  The entire Lear
team is responsible for the success Lear has achieved," said Kenneth L. Way,
Lear Chairman and Chief Executive Officer.  "While we're pleased with our
selection by IndustryWeek, we know that the competitive global business
climate requires that we work even harder to ensure that Lear remains a
well-managed company capable of competing into the next century."
    "IndustryWeek's 100 Best-Managed Companies demonstrate superior,
consistent financial performance," says John Brandt, editor-in-chief of IW.
"We also honor these companies for investing heavily in such areas as research
and development, new markets, employees and society."
    Fourteen countries are represented on this year's list: the United States
(69 companies), the United Kingdom (7), Japan (5), Germany (4), Switzerland
(3), Finland (2), Mexico (2), India (2), Ireland (1), Denmark (1), Canada (1),
France (1), Singapore (1), and the Netherlands (1).
    IndustryWeek's 100 Best-Managed Companies will be recognized at the 100
Best-Managed Companies Awards Celebration and Executive Summit at the Loews
Ventana Canyon Resort in Tucson, Arizona, on February 28 - March 1, 2000.
    Lear Corporation, a Fortune 200 company headquartered in Southfield,
Michigan, is one of the world's largest automotive suppliers, with 1998
proforma sales of more than $12 billion.  The company's world-class products
are designed, engineered and manufactured by more than 100,000 employees in
over 300 facilities located in 33 countries.  Information about Lear and its
products is available on the Internet at http://www.lear.com
    Now in its 30th year, IndustryWeek Magazine serves senior executives and
decision-makers in manufacturing and its supporting industries.  The magazine,
which has more than 800,000 readers worldwide, is published by Penton Media,
Inc. , a diversified business media company that publishes
magazines and electronic information products, produces trade shows and
conferences, and provides marketing and business development products and
services, including direct mail lists, research, and customer publishing.
Copies of IW can be ordered through its customer sales and service department
at 800-326-4146.