According to Reuters news, parts supplier Li Er revealed that the company's sales in 2012 may be lower than market expectations, mainly because it believes that in 2012, European vehicle production will decline.
Lear predicts that the company's sales in 2012 will be between $13.85 billion and $14.35 billion, which is lower than the industry analyst average of $14.74 billion.
In 2011, 40% of Lear's sales came from Europe. Lear said that according to an industry research agency's survey, in 2012, European car production may decline by 5%.
Lear expects the company's operating profit in 2012 to be 740 million to 790 million U.S. dollars, capital expenditures of 425 million U.S. dollars.
Lear predicts that the company's sales in 2012 will be between $13.85 billion and $14.35 billion, which is lower than the industry analyst average of $14.74 billion.
In 2011, 40% of Lear's sales came from Europe. Lear said that according to an industry research agency's survey, in 2012, European car production may decline by 5%.
Lear expects the company's operating profit in 2012 to be 740 million to 790 million U.S. dollars, capital expenditures of 425 million U.S. dollars.
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