Date: April , 200 5 Prepared by: Amy Jagemann Brandon Muzik Jiri Vondracek

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Date: April, 2005Prepared by: Amy Jagemann

Brandon MuzikJiri Vondracek

Project for MU-WBU course in the firmProject for MU-WBU course in the firm

Lear CorporationLear Corporation

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Project Overview

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Agenda

Content:

• General description of LEAR

• General comparison

• Financial review

• Economic & automotive indicators

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About the Company World-wide corporation

- 289 branches in 34 countries

Headquarters- Southfield, Michigan, USA

Field of activity

- Automotive industry

Product- Interior equipment

General Description

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North America

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Lear Corporation Czech s. r. o.

Established-07/1993 by EMPE (Germany)

Site location- Přeštice, Hlávkova 1254, Czech Republic

Field of activity- automotive industry – interior production

Employees- 540

New plant- 05/2004, area 60 000 sqm

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Lear: Czech Republic

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Lear CZ, Customers

Audi VW

Saab

Mercedes

Opel

Lear CZ, Production program

Headliners79%

Pillars18%

Other Parts3%

PRODUCTION: - 30 Headliner types - 750 000 pieces annuallyCAPACITY: - 1,5 Mio headliners - 2 Mio other interior parts (pillars, trunk parts, etc.)

Lear CZ, Production program

Headliners79%

Pillars18%

Other Parts3%

Audi A2, A3, A4, A6, A8, TTVW Golf A4, Golf A5Saab 9.3 limo, 9.5Opel Vectra, Station WagenDaimler-Chrysler Crossfire, SLK, A, S ClassMercedes R Class, M ClassBMW Serie 1, Serie 3Porsche Boxter

SERIES:

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Sales

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

80 000

2000 2001 2002 2003 2004 2005

Year

(000) USD

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Lear: Chicago

• Facility opened in 2004

• 54,000 square feet

• Located in the Ford Motor Company Manufacturing complex

• Produce headliners and seat systems

• Approximately 70 employees

• Investment of about $4 million in this facility

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Financial Review

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Economic & automotive indicators – US vs. CZ

Indicator US CZ

Per capita income   $10,064 (quarter 4, 2004)

Unemployment rates (2004)    

Fuel prices (per gallon)*    

GDP – per capita    

Top selling vehicle   Skoda (Fabia, Octiavia)Ford F-Series pickup

* 4 liters per gallon ** Source: www.fueleconomy.gov

8.3 (quarter 4, 2004)5.1 (quarter 4, 2004)

$32,937 (2004)

$2.153 (3/28/2005**)

$37,800 (2003)

$4.522 (4/05/2005)

$8,241 (2003)

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Source: www.lear.comJan Vondracek (finance manager Lear Corp. Czech)

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Thank you

• Any questions?