Lear Receives 2 J.D. Power 2022 Seat Quality Awards

Rhea-AI Summary

Lear Corporation (NYSE: LEA), a leader in automotive technology, received two first-place awards in the J.D. Power 2022 U.S. Seat Quality and Satisfaction Study. It ranked first in the Mass Market Compact Car category with the Hyundai Elantra and in the Luxury Car category with the BMW 2 Series. Additionally, Lear achieved third place in four other categories including Mass Market SUVs and Luxury Cars. This recognition underscores Lear's commitment to quality and customer satisfaction in seating.

Positive

• Lear received two first-place J.D. Power awards for seat quality.
• Ranked first in Mass Market Compact Car (Hyundai Elantra) and Luxury Car (BMW 2 Series).
• Placed third in four additional categories, demonstrating strong performance.

Negative

• None.

Quality score outranks all other seating suppliers

SOUTHFIELD, Mich., Aug. 30, 2022 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, received two first-place J.D. Power 2022 U.S. Seat Quality and Satisfaction Study^SM awards. In addition, Lear placed among the top three in four award-eligible categories.

Lear's overall quality score reinforced its position as a quality leader in seat satisfaction.

First Place

• Mass Market Compact Car - Hyundai Elantra
• Luxury Car - BMW 2 Series

Third Place

• Mass Market Compact SUV - Ford Bronco Sport and Jeep Compass (tie)
• Mass Market Truck - Chevrolet Silverado HD
• Luxury Car - BMW 4 Series
• Luxury SUV - BMW X3

"Once again, Lear's ability to deliver the quality, design and features which consumers demand, is recognized by the J.D. Power awards," said Frank Orsini, Executive Vice President and President, Seating. "We are very proud of the teams in our just-in-time manufacturing plants, quality assurance and engineering centers. Their dedication to delivering the highest standards of design and operational excellence is Making every drive better™ for customers around the world."

Conducted from February through May 2022, the 2022 U.S. Seat Quality and Satisfaction Study is based on responses from 84,165 purchasers and lessees of new 2022 model-year vehicles. Seat quality is measured by the number of problems experienced per 100 vehicles (PP 100) during the first 90 days of ownership, with a lower score reflecting higher quality. Learn more about the study here.

About Lear Corporation

Lear, a global automotive technology leader in Seating and E-Systems, enables superior in-vehicle experiences for consumers around the world. Lear's diverse team of talented employees in 38 countries is driven by a commitment to innovation, operational excellence, and sustainability. Lear is Making every drive better™ by providing the technology for safer, smarter, and more comfortable journeys. Lear, headquartered in Southfield, Michigan, serves every major automaker in the world and ranks 186 on the Fortune 500. Further information about Lear is available at lear.com or on Twitter @LearCorporation.

 

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SOURCE Lear Corporation

FAQ

What awards did Lear Corporation win in the J.D. Power 2022 study?

Lear Corporation won two first-place awards in the J.D. Power 2022 U.S. Seat Quality and Satisfaction Study.

In which categories did Lear Corporation place first?

Lear placed first in the Mass Market Compact Car category with Hyundai Elantra and in the Luxury Car category with BMW 2 Series.

How many categories did Lear Corporation place in the top three?

Lear placed in the top three for four additional categories.

What is the significance of the J.D. Power awards for Lear Corporation?

The J.D. Power awards reinforce Lear's reputation as a leader in seat quality and customer satisfaction.

What is Lear Corporation's stock symbol?

Lear Corporation's stock symbol is LEA.