STOCK TITAN

Lear Selected as Supplier for 2024 Chevrolet Silverado EV

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

SOUTHFIELD, Mich., March 9, 2022 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive-technology leader in Seating and E-Systems, today announced that it has been selected by General Motors to supply front and rear seats to the 2024 Chevrolet Silverado EV pickup.

The 40/60 split second-row seat – designed by Lear – offers four configurations, allowing users to haul gear or equipment while accommodating passengers in the second row. For the Silverado EV's RST model, Lear engineered a tuck-and-tumble sequence for the second-row seat that provides best-in-class ergonomics and functionality. The fold-flat second-row seat combines with the innovative Multi-Flex Midgate, which collapses the bulkhead wall between the cabin and cargo space, to expand the storage capacity of the 5-foot-11-inch bed to just over 9 feet.

"With the most complete capabilities of any seating supplier in the world, Lear's highly crafted, world-class seating solutions are helping Chevrolet reimagine its best-selling nameplate," said Lear President and CEO Ray Scott. "We are honored to be named a General Motors' Supplier of the Year for the last four years. Lear's content on the Silverado EV is a continuation of the strong relationship we are proud to have with GM."

Lear designed the foam, trim, structure, mechanism, plastics and seat harness for the seats, which will be produced at Lear's new state-of-the-art facility in Detroit. The plant is scheduled to open in mid-2022 creating hundreds of new jobs for Detroit and southeastern Michigan residents, supplying seats on a just-in-time basis for the electric vehicles produced at GM's Factory ZERO in Detroit-Hamtramck. 

Globally, over one-third of Lear's 257 locations – both Seating and E-Systems facilities – currently supply products to several different automakers for use in hybrid and electric vehicles.

"It's an exciting time for the industry, GM and Lear," Scott said. "We are thrilled to be part of it, and we are eager to help Detroit – and Michigan – continue as the hub of the global automotive industry by creating smarter, safer and cleaner vehicles."

About Lear Corporation 

Lear, a global automotive technology leader in Seating and E-Systems, enables superior in-vehicle experiences for consumers around the world. Lear's diverse team of talented employees in 38 countries is driven by a commitment to innovation, operational excellence, and sustainability. Lear is Making every drive better™ by providing the technology for safer, smarter, and more comfortable journeys. Lear, headquartered in Southfield, Michigan, serves every major automaker in the world and ranks 179 on the Fortune 500. Further information about Lear is available at lear.com or on Twitter @LearCorporation.

1Range is GM estimate based on current capability of analytical projection consistent with SAE J1634 revision 2017 – MCT. Actual range may vary based on several factors, including temperature, terrain, battery age, loading, and how you use and maintain your vehicle. EPA estimates are not yet available.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/lear-selected-as-supplier-for-2024-chevrolet-silverado-ev-301498754.html

SOURCE Lear Corporation

Lear Corporation

NYSE:LEA

LEA Rankings

LEA Latest News

LEA Stock Data

7.19B
56.79M
0.39%
106.43%
4.97%
Motor Vehicle Gasoline Engine and Engine Parts Manufacturing
Manufacturing
Link
United States of America
SOUTHFIELD

About LEA

lear corporation is a leading global tier 1 automotive supplier that serves all of the world’s major automakers with content on more than 300 vehicle nameplates worldwide. lear is one of the world's largest suppliers of automotive seating and electrical distribution systems. lear provides complete seating systems and components, as well as both traditional and high voltage/high power electronic products and electrical distribution systems and components. with facilities in 35 countries on six continents, lear operates in every major auto producing region of the world. achieving $17.7 billion in 2014 sales, lear ranks #174 among the fortune 500. headquartered in southfield, michigan, lear's world-class products are designed, engineered and manufactured by a diverse team of more than 135,000 employees. lear shares are traded on the new york stock exchange under the symbol [lea].