Lear
31 named things its latest annual report says its results depend on, each in the company's own words. 23 of them are also named by other companies we've read.
Customers
General Motors
earns from · 22% of our net salesnamed as a riskIn 2025, General Motors, one of the largest automotive and light truck manufacturers in the world, accounted for 22% of our net sales.Business (Item 1)
Stellantis
earns from · 9%named as a riskIn addition, Ford accounted for 12%, Mercedes-Benz and Volkswagen each accounted for 10% and Stellantis accounted for 9% of our 2025 net sales.Business (Item 1)
Volkswagen
earns from · 10%named as a riskIn addition, Ford accounted for 12%, Mercedes-Benz and Volkswagen each accounted for 10% and Stellantis accounted for 9% of our 2025 net sales.Business (Item 1)
Mercedes-Benz
earns from · 10%named as a riskIn addition, Ford accounted for 12%, Mercedes-Benz and Volkswagen each accounted for 10% and Stellantis accounted for 9% of our 2025 net sales.Business (Item 1)
Ford
earns from · 12%named as a riskIn addition, Ford accounted for 12%, Mercedes-Benz and Volkswagen each accounted for 10% and Stellantis accounted for 9% of our 2025 net sales.Business (Item 1)
Jaguar Land Rover
earns fromnamed as a riskIndustry production in the second half of 2025 was impacted by production disruptions at Jaguar Land Rover due to a cybersecurity incident.Business (Item 1)
Also named by PAG
BMW
earns fromThe top five customers of our Seating segment are: General Motors, Mercedes-Benz, Stellantis, Volkswagen and BMW.Business (Item 1)
Geely
earns fromThe top five customers of our E-Systems segment are: Ford, General Motors, Jaguar Land Rover, Geely (including Polestar and Volvo) and Volkswagen.Business (Item 1)
Partners and platforms
Asia joint ventures
concentrated in · approximately 9% of our net salesnamed as a riskNet sales of our consolidated joint ventures accounted for approximately 9% of our net sales in 2025.Business (Item 1)
Palantir Technologies
depends onFurther, our partnership with Palantir has enabled increased digitalization of our operations leading to enhanced visibility, control, efficiency and quality.Business (Item 1)
Also named by LHX
Other companies
Competitors
Chinese domestic automakers
competes withnamed as a riskAs these traditional automakers are among our largest customers, our business and financial results may be adversely affected by decreases in their businesses or market share.Risk factors (Item 1A)
Adient plc
competes withKey competitors in the Seating segment globally include Adient plc, Forvia SE, Magna International Inc., Ningbo Jifeng Auto Parts Co., Ltd. / Grammer AG, Toyota Boshoku Corporation, TS Tech Co., Ltd. and Yanfeng Automotive Systems Co., Ltd., which have varying market presence depending on the region, country or automotive manufacturer.Business (Item 1)
Aptiv PLC
competes withKey competitors in electrical distribution and connection systems include Aptiv PLC, Leoni AG, Molex Incorporated (a subsidiary of Koch Industries Inc.), Sumitomo Corporation, TE Connectivity and Yazaki Corporation.Business (Item 1)
Places
China
earns from · $ 3,041.1named as a riskAlso, China presents unique risks to U.S. automotive manufacturers due to the strain in U.S.-China relations and the level of integration with key components in our global supply chain.Risk factors (Item 1A)
Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more
Mexico
operates in · 48,600named as a riskThe assembly process is labor intensive, and as a result, production is generally performed in low-cost labor sites in Mexico, Honduras, Brazil, Eastern Europe, Africa, China and the Philippines.Business (Item 1)
Also named by AAP, AME, AMRC, ANET, AOS, ARES, AYI, AZO and 83 more
Europe
earns from · 8,029.3Although industry production returned to pre-pandemic levels in 2023, industry production in 2025 remained approximately 2% below 2017 peak levels, and 2025 industry production levels in North America and Europe, our two largest markets, remained approximately 10% and 24%, respectively, below prior peak levels.Business (Item 1)
Also named by ADSK, AME, AMRC, ATR, BCSF, BKNG, BMI, BMY and 60 more
North America
earns from · $ 9,809.4Although industry production returned to pre-pandemic levels in 2023, industry production in 2025 remained approximately 2% below 2017 peak levels, and 2025 industry production levels in North America and Europe, our two largest markets, remained approximately 10% and 24%, respectively, below prior peak levels.Business (Item 1)
Also named by ALSN, AOS, BMI, CAG, CAT, CHRW, CLS, CPB and 19 more
Commodities and inputs
Copper
exposed to its pricenamed as a riskIn general, our copper purchases, as well as a significant portion of our leather purchases, are subject to price index agreements with our customers and suppliers.Business (Item 1)
Also named by AAON, AGX, AMKR, APG, APH, APLD, BMI, BWA and 58 more
Steel
exposed to its pricenamed as a riskTherefore, our exposure to changes in steel prices is primarily indirect, through these purchased components.Business (Item 1)
Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more
Aluminum
depends onnamed as a riskKey material inputs to our connection systems business include metals, such as copper and aluminum, and various resins.Business (Item 1)
Also named by AAON, ACHR, ALSN, AYI, BA, BALL, BF/B, BWA and 59 more
Euro
exposed to its pricenamed as a riskOur current sales backlog assumes volumes based on the independent industry projections of S&P Global Mobility as of January 2026 and internal estimates, a Euro exchange rate of $1.16/Euro and a Chinese renminbi exchange rate of 7.10/$.Business (Item 1)
Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more
Chinese renminbi
exposed to its pricenamed as a riskCurrently, our most significant foreign currency transactional exposures relate to the Mexican peso, various European currencies, the Moroccan dirham, the Chinese renminbi and the Honduran lempira.Market risk (Item 7A)
Also named by AAOI, ALB, AOS, APD, BBW, BWA, CGNX, COHR and 15 more
Mexican peso
exposed to its pricenamed as a riskCurrently, our most significant foreign currency transactional exposures relate to the Mexican peso, various European currencies, the Moroccan dirham, the Chinese renminbi and the Honduran lempira.Market risk (Item 7A)
Also named by AYI, AZO, BAX, CCK, CDRE, CP, DCH, EZPW and 14 more
Leather
exposed to its pricenamed as a riskIn general, our copper purchases, as well as a significant portion of our leather purchases, are subject to price index agreements with our customers and suppliers.Business (Item 1)
Honduran lempira
exposed to its pricenamed as a riskCurrently, our most significant foreign currency transactional exposures relate to the Mexican peso, various European currencies, the Moroccan dirham, the Chinese renminbi and the Honduran lempira.Market risk (Item 7A)
Also named by EZPW
Moroccan dirham
exposed to its pricenamed as a riskCurrently, our most significant foreign currency transactional exposures relate to the Mexican peso, various European currencies, the Moroccan dirham, the Chinese renminbi and the Honduran lempira.Market risk (Item 7A)
Laws and programs
U.S. tariffs (Trump administration)
subject tonamed as a riskWe have entered into contractual agreements with our customers to recover substantially all tariff costs incurred to date and have implemented certain actions, and continue to consider others, to counter the potential impact of such tariffs on our business, financial condition and results of operations, including, without limitation, participating in efforts to inform the U.S. and certain foreign administrations and legislatures of the impact of current trade and tariff policies on the automotive industry and evaluating our production footprint and alternatives in our supply chain.Risk factors (Item 1A)
Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more
United States-Mexico-Canada Agreement (USMCA)
subject tonamed as a riskThere can be no assurances that the USMCA will be renewed or, if renewed, any newly negotiated terms in the USMCA will not adversely affect our business.Risk factors (Item 1A)
Also named by AYI, BMI, BWA, CLF, CMI, CP, CW, DCH and 29 more
Dominican Republic-Central America-United States Free Trade Agreement
subject tonamed as a riskThe current trade environment could impact the status of other trade agreements between the United States and countries other than Canada and Mexico, including, without limitation, the Dominican Republic-Central America-United States Free Trade Agreement.Risk factors (Item 1A)
Technology
Electric vehicle adoption in the United States
earns fromnamed as a riskThis has resulted in, among other things, various volume decreases related to, and cancellations of, vehicle programs for which we are a supplier, as well as general uncertainty about the overall rate of transition to electric and hybrid vehicles in certain regions.Risk factors (Item 1A)