|Chevrolet Motor Divison Press Release|
|General Motors and Lear
Award Corvette Seat Production To
Detroit Automotive Interiors
11:14 a.m. Jan 28, 1998 Eastern
SOUTHFIELD, Mich., Jan. 28 /PRNewswire/ -- Production of seats for the
Chevrolet Corvette, currently built at Lear Corporation's (NYSE: LEA) seat
plant in Louisville, KY, is being awarded to the Detroit Automotive Interiors
(DAI) plant in Detroit effective with production of 1999 models.
The move will result in 20 new jobs at DAI, a joint venture between Lear and
Bing Manufacturing, located in Detroit's Empowerment Zone.
"The awarding of this production to DAI will have a positive impact on both
plants," said Jim Vandenberghe, president of Lear's North American Operations.
"Additional employees will be hired to support production at DAI and we'll
replace the Corvette seat business in Louisville with additional production which
in turn will result in the hiring of new employees there."
The move also supports General Motors' (NYSE: GM) goals of increased
sourcing to minority suppliers and locating new business in Detroit's
"We're pleased that Lear was receptive to our request to place the business in
Detroit and we believe the DAI work force will produce high- quality seats for
the Corvette," said Harold Kutner, GM Vice President of Worldwide
The fifth-generation Corvette recently was named North American Car of the
Year by an independent panel of 48 automotive journalists, following its selection
as Motor Trend magazine's Car of the Year for 1997. Corvette also will pace
this year's running of the Indianapolis 500.
Preparations are now underway at DAI to accommodate the new production.
New equipment and an additional production line will be added, and employees
will undergo a cumulative 4,000 man hours of training.
Dave Bing, chairman of the Bing Group, said the awarding of the Corvette
business to DAI is further evidence of Lear's and GM's continued support for
"The companies have made commitments and are following through," Bing said.
"It's very positive news for Detroit and for business in the Empowerment Zone."
A Fortune 250 Company, Lear Corporation is one of the world's largest
automotive suppliers, with 1996 sales of $6.2 billion. The Company's world class
products are designed, engineered and manufactured by more than 50,000
employees in over 170 facilities located in 25 countries. Information about Lear
and its products is available on the Internet at http://www.lear.com. SOURCE
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