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Lear Corporation to Supply Electronic/Electrical Distribution Systems For Two Future General Motors Corporation Vehicles
Detroit (ots-PRNewswire) - Lear Corporation (NYSE: LEA) today announced an agreement to supply the Power and Signal Distribution System, including the wiring harnesses and electrical centers, to General Motors Corporation (NYSE: GM) for two future vehicles. Terms of the multi-year contract for the North American vehicles were not disclosed.
The agreement marks the first time Lear will supply a GM North American model with printed circuit board junction boxes, a technology pioneered by Lear. Use of this proprietary technology allows Lear to optimize the design of the electronic and electrical network architecture, while shortening the product development time. Lear will locate engineers at GM to support development of this program.
"The introduction of our junction box technology in these GM models demonstrates GM's confidence in our ability as a systems integrator," said Robert E. Rossiter, President and Chief Executive Officer of Lear Corporation. "Lear is committed to further growing our electronics business by developing products that fulfill consumer needs while reducing costs, improving reliability and shortening development cycle time for our customers."
D. William Pumphrey, President - Lear Electronics and Electrical Division (LEED), said, "GM continues to be a key customer to LEED in North America and Europe. This award advances our growing position as GM's second-largest global electrical distribution systems supplier, and further demonstrates our commitment to the advancement of Intertronics(TM), Lear's unique ability to integrate electronic and electrical devices into vehicle interior systems."
The announcement was made in conjunction with Convergence 2000, the International Congress on Transportation Electronics. The show, considered the world's premier automotive electronics conference, is sponsored by the Convergence Transportation Electronics Association, and runs from October 16 - 18, at the Cobo Center in Detroit.
Lear Corporation, a Fortune 150 company headquartered in Southfield, Mich., USA, focuses on automotive interiors and electronics and is the world's fifth-largest automotive supplier. Sales in 1999 were $12.4 billion. The company's world-class products are designed, engineered and manufactured by more than 120,000 employees in over 300 facilities located in 33 countries. Information about Lear and its products is available on the Internet at www.lear.com
ots Original Text Service: Lear Corporation Internet: http://recherche.newsaktuell.de
Contact: Karen Stewart-Spica, Director of Technology Communications, 248-447-5396, or Andrea Puchalsky, Director of Corporate Communications, 248-447-1651, both of Lear Corporation
Company News On-Call: http://www.prnewswire.com/comp/518304.html or fax, 800-758-5804, ext. 518304
Web site: http://www.lear.comOriginal-Content von: Lear Corporation, übermittelt durch news aktuell