SOUTHFIELD, Mich., Feb. 16, 2017 /PRNewswire/ -- Lear Corporation
(NYSE: LEA), a leading global supplier of automotive seating and
electrical systems, today announced that its Seating business is a
sponsor of Mahindra Racing in the FIA Formula E
Championship, the first global single-seater championship for
electric powered cars.
"As a global leader in automotive seating and the world's
premier supplier of performance and luxury automotive seating, Lear
is proud to sponsor Mahindra Racing in competing in the FIA Formula
E Championship," said Matt
Simoncini, Lear's president and chief executive
officer. "We have worked closely with the Mahindra Group
since 1998 and are proud to supply our valued partner with more
than 300,000 seat sets for their production vehicles on an annual
basis. Mahindra Racing's passion for both Formula E and
world-class engineering are values the Lear team shares."
Dr. Pawan Goenka, Chairman of
Mahindra Racing, said, "It is my pleasure to warmly welcome
Lear Seating to Mahindra Racing and our FIA Formula E Championship
program. Lear has a well-established association with the Mahindra
Group and its leading seating systems are featured in Mahindra
commercial vehicles, SUVs, and more. Our consumers have already
enjoyed Lear Seating's advanced solutions and now we look forward
to growing this partnership together with our racing
activities."
"Lear Seating provides industry-leading, vertically integrated
seating systems and related seat components globally," said
Ray Scott, Lear executive vice
president and president of Seating. "We highly value working with
Mahindra and look toward a future of continued collaboration and
innovation, as well as the Mahindra Racing team's performances
around the world."
About Lear Corporation
Lear Corporation (NYSE: LEA) was founded in Detroit in 1917 as American Metal
Products. In 2017, the Company will celebrate its
100th year anniversary. Lear is one of the
world's leading suppliers of automotive seating systems and
electrical distribution systems (E-Systems). Lear serves
every major automaker in the world, and Lear content can be found
on more than 400 vehicle nameplates. Lear's world-class
products are designed, engineered and manufactured by a diverse
team of approximately 150,000 employees located in 37
countries. Lear currently ranks #154 on the Fortune
500. Lear's headquarters are in Southfield, Michigan. Further
information about Lear is available
at http://www.lear.com or follow us on Twitter
@LearCorporation.
About Mahindra Racing
Mahindra Racing is one of ten teams – and the only Indian team –
to compete in the FIA Formula E Championship. It is also the first
and only Indian team to participate in the FIM MotoGP™ World
Motorcycle Racing Championship Series since 2011.
Mahindra Racing enters the third season of Formula E with its
own electric powertrain to power its quartet of electric racing
cars. The new M3Electro, launched for season three, is already
proving to be a competitive package netting two podiums, a pole
position and fastest lap award from its first two races. Together
with drivers Felix Rosenqvist and
Nick Heidfeld, the team has high
technical and sporting ambitions in the ground-breaking,
fully-electric championship. Further information is available
at http://www.mahindraracing.com or follow the team on
Twitter @mahindraracing.
About the FIA Formula E Championship
The FIA Formula E Championship is the world's first
fully-electric single-seater racing series, competing on the
streets against a backdrop of some of the most iconic cities -
including Hong Kong, Marrakech,
Buenos Aires, Mexico City, Paris, Berlin, Montreal and New York. The championship
represents a vision for the future of the motor industry, serving
as a platform to showcase the latest innovations in electric
vehicle technology and alternative energy solutions. Future seasons
will see the regulations open up further allowing manufacturers to
focus on the development of motor and battery components, which in
turn will filter down to everyday contemporary electric road
vehicles. The 2016/17 FIA Formula E Championship sees 10 teams and
20 drivers go wheel-to-wheel in 10 cities spanning five continents
in the fight to be crowned Formula E champion. The inaugural season
of Formula E sparked into life in September
2014 around the grounds of the Olympic Park in Beijing. The third season of the all-electric
racing series began on October 9 in
Hong Kong, with the season finale
double-header in Montreal on
July 29 & 30. Further information
is available at http://www.fiaformulae.com or follow the series on
Twitter @fiaformulae.
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SOURCE Lear Corporation