There was a "Mr. Lear" from which Lear Corporation derived its name. William Lear (1902- 1978) was a noted self-taught inventor, who started by repairing radio sets in his home located in Quincy, Illinois, during the World War I era. He went on to invent the Learscope Direction Finder, a radio triangulation device; the first commercial automobile radio for the company that would later become Motorola; the first practical lightweight beacon receiver for aircraft; and the Lear Jet Stereo 8 track tape in 1963, which was the precursor to cassette tapes. In addition to many other innovations, his passion remained aviation and his success ultimately led to the founding of Lear Jets, the first company to manufacture a private, luxury aircraft, which debuted in 1963. Lear Corporation would get its name from this great innovator but its original corporate entity was American Metal Products (AMP), founded in Detroit by Fred Matthaei (1892-1973).
Today, Lear Corporation (NYSE: LEA) is one of the world's leading suppliers of automotive Seating and E-Systems. Lear serves every major automaker in the world, and Lear content can be found on more than 400 vehicle nameplates. The Company's world-class products are designed, engineered and manufactured by a diverse team of approximately 150,000 employees located in 37 countries. Lear had sales of $18.6 billion in 2016 and currently ranks #151 on the Fortune 500. Lear's headquarters are in Southfield, Michigan. Further information about Lear is available at www.lear.com.
In the Philippines, Lear started its operations in 1989 as United Technologies Automotive (UTA) which manufactures wiring harnesses for leading car manufacturers. In 2000, Lear acquired UTA (wiring). Lear Philippines, with 7053 employees, has two manufacturing plants: Plant Gabriela - manufactures wiring harnesses for Ford, Nissan, GM, Renault with 5670 employees and Plant Lapulapu - manufactures electronics Junction Boxes with 488 headcount. We also have a huge Engineering Center with 747 employees providing engineering design and services to other Lear facilities world-wide. There is a Finance Shared Service Center (50 employees) - servicing to other Lear locations and an Central Admin Office who provides support in Asia.