Gm Sets Precedent With Lear Sourcing Deal
Canadian Plastics
General Motors has given Lear Corp. complete sourcing responsibilities for the company's future large and luxury car program. The contract is estimated to be worth $825 million annually, making Lear a...
General Motors has given Lear Corp. complete sourcing responsibilities for the company’s future large and luxury car program. The contract is estimated to be worth $825 million annually, making Lear accountable for the design, engineering and manufacture of interiors for the Buick LeSabre and Cadillac De-Ville beginning with the 2005 model year.
The contract gives Lear responsibility for everything in the interior but heating and air conditioning, safety and restraint components. It is the first time GM has conferred this degree of responsibility to an interior supplier.
A GM spokesman referred to the contract with Lear as the next natural step for the car company. Lear has significant in-house manufacturing capacity in Canada and the U.S., but will also rely on GM-approved Tier 2 suppliers for certain components.
