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Lear Corporation

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Lear Corporation (LEA) profit jumps 26% as Mahindra and BYD orders offset weaker vehicle production

Lear Corporation has reported higher quarterly revenue and profit despite declining global vehicle production, supported by new business, cost savings and improved operating performance. Fresh seating awards from Mahindra & Mahindra and BYD strengthen future growth opportunities, but weaker free cash flow and changing customer production schedules complicate the outlook.