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Business windfall for Lear

Electronics is grabbing a bigger share of product revenues for a supplier of automotive interior systems. In 1999, sales of electronics equaled 12% of business for Lear Corp. The projection for 2000 is 16%. But by 2005/06, electronics revenues are expected to tally between 35% and 40% of business.

Interior products and seat systems make up the majority of Lear Corp.'s revenues, but electronics are gaining ground. As one way of showing electronics' revenue influence, Lear Corp.'s booth at Convergence 2000 showcases a BMW X5. "Eight electronic modules on the vehicle are supplied by Lear Corp.," said William Pumphrey, Lear Electronics and Electrical Division (LEED) President.

New electronics business is on the horizon. Pumphrey announced Monday that the company is the chosen power and signal distribution system supplier on two future General Motors vehicles (the package includes wiring harnesses and electrical centers). The agreement marks the first time Lear Corp. supplies a GM North American model with printed circuit board junction boxes.

To further push Lear Corp.'s electronics growth, officials say the company will partner with others. It is also committed to its trademarked Intertronics, defined as the capability of integrating electronic products and electrical distribution systems into vehicle interior systems. "Our commitment to technological innovation will enable Lear to double our share of the automotive electronics market over the next five years," said Pumphrey.

Kami Buchholz

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