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LEAR ANNOUNCES RECORD SIX-MONTH SALES

 LEAR ANNOUNCES RECORD SIX-MONTH SALES
 SOUTHFIELD, Mich., Jan. 14 /PRNewswire/ -- LSS Holdings Corp.,


parent of Lear Seating Corporation, today announced record sales of $642.5 million for the six months ended Dec. 28, an increase of $107.7 million or 20.1 percent over the same period a year ago.
 Kenneth L. Way, chairman of Lear, attributed the gain to an increase in market share for Lear car and light truck seats worldwide and results from a major European expansion program.
 Way said also contributing to Lear's success was improved sales from several domestic manufacturers' desirable new 1992 models. In addition, the sales of seats using Lear's patented Sure-Bond process have increased significantly.
 "Our customers are specifying Lear seats in increasing numbers," Way said. "Our backlog of $850 million of new orders indicates our growth will continue. Lear is on target to be a $2 billion company by 1995."
 Way estimated Lear sales worldwide will exceed $1.4 billion for the 1992 fiscal year (ending June 30, 1992), an increase of more than 25 percent when compared to last year. The company has more than 13,300 employees in 45 facilities worldwide. Its headquarters is in Southfield.
 -0- 1/14/92
 /CONTACT: Tony De Lorenzo, 313-644-9150 or 313-642-6170 (home), for Lear Seating/ CO: LSS Holdings Corp.; Lear Seating Corporation ST: Michigan IN: AUT SU:


SB -- DE004 -- 9440 01/14/92 09:54 EST
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Publication:PR Newswire
Date:Jan 14, 1992
Words:233
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