Lear's Contributions to United Way Surpass Other Tier 1 Auto Suppliers
17 December 1999
Lear Corporation Employees' Contributions to United Way Surpass Other Tier 1 Auto Suppliers for Third Consecutive YearSOUTHFIELD, Mich, Dec. 16 -- Lear Corporation and its employees in the metropolitan Detroit area pledged a record of more than $900,000 in contributions to this year's Torch Drive through the 1999 United Way employee solicitation campaign. Lear Corporation led all Tier 1 automotive suppliers in contributions to United Way Community Services -- the third consecutive year that Lear and its employees have earned that distinction. Lear's total 1999 contribution of $920,000 is an all-time high for the company. It represents an increase of 28 percent compared to 1998 and is almost double 1997's $481,000. The company's 1999 goal was to increase contributions by 10 percent over 1998's record $624,000. Leadership giving by Lear employees increased 85 percent - from $226,815 in 1998 to $421,000 this year. "Our employees once again have demonstrated their commitment to the Torch Drive as a means to support the many needs of our community," said Ken Way, Chairman and Chief Executive Officer of Lear Corporation. "To exceed our 1999 goal almost threefold and to raise nearly a million dollars shows the tremendous generosity of our employees and their willingness to sacrifice for those members of our community who are less fortunate. Scoring a three-peat as the top contributor among Tier 1 auto suppliers is especially gratifying." Currently, Way is serving a two-year term as Chairman of United Way Community Services, the sponsor of the annual Torch Drive that this year marked its 51st year and raised a record $72 million, which will be used to assist 130 health and human services agencies in Metro Detroit. In addition to financial contributions, more than 130 employees from Lear Corporation's DaimlerChrysler, Ford, and GM Divisions as well as its Purchasing Group also contributed time and energy, serving as volunteer account executives in soliciting other companies located in Wayne, Oakland, and Macomb counties for corporate and employee contributions. Lear Corporation, a Fortune 200 company headquartered in Southfield, Michigan, is one of the world's largest automotive suppliers, with 1999 anticipated sales of more than $12 billion. The company's world-class products are designed, engineered and manufactured by more than 100,000 Lear employees working at over 300 locations in 33 countries. Information about Lear and its products is available on the Internet at http://www.lear.com .