Earnings

Lear Gets Court Approval For Bankruptcy Plan

 

Lear, which is based in Southfield, Mich., and posted $13.6 billion in sales for 2008, is a key supplier for both General Motors Co. and Ford Motor Co. The pair represent the company's two largest customers and account for a combined 40 percent of its sales.

Lear said Thursday that it filed an application with the New York Stock Exchange to list its new common stock under the ticker symbol "LEA." If approved, Lear expects the shares to begin trading around the same time the reorganization plan becomes effective.

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