SOUTHFIELD, Mich., Sept. 8, 2016 /PRNewswire/ -- Lear
Corporation (NYSE: LEA), a leading global supplier of automotive
seating and electrical systems, today announced its sponsorship of
Panasonic Jaguar Racing in the FIA Formula E World Championship,
the world's first global single-seater championship for electric
powered cars.
"With the Lear E-Systems business segment providing
industry-leading electrical architecture and related products for
electric and hybrid vehicles, we are proud to sponsor Jaguar in its
return to racing in the FIA Formula E World Championship," said
Matt Simoncini, Lear's president and
chief executive officer. "We have had a significant global
partnership over the years with Jaguar in both seating and
electrical systems and we share a vision of bringing innovation to
market for the consumer. This sponsorship provides us a further
opportunity to work with Jaguar to deliver automotive technologies
that answer the intense demands in this high profile
competition."
James Barclay, Jaguar Racing Team
Director said: "It is a pleasure to welcome the Lear Corporation to
the Jaguar Racing team and expand our existing relationship. Our
Formula E racing programme will generate tangible research and
development benefits to accelerate the electrification of future
Jaguar road cars. Jaguar's entry to the pioneering FIA Formula E
Championship begins a new chapter in our electric future and
together with Lear we will innovate and inspire together in that
future."
"Lear has long been a global leader in managing electric power
and distributing signals within alternative energy vehicles," said
Frank Orsini, Lear senior vice
president and president, E-Systems. "With our commitment to
innovation for tomorrow's vehicles, we also offer connectivity
solutions, wireless capabilities and 48-volt systems for a spectrum
of solutions for our OEM partners. In working with Jaguar, we
enjoy a collaborative relationship that brings innovation to
showrooms around the world."
About Lear Corporation
Lear Corporation (NYSE: LEA) is one of the world's leading
suppliers of automotive seating and electrical distribution
systems. Lear serves every major automaker in the world, and Lear
content can be found on more than 350 vehicle
nameplates. Lear's world-class products are designed,
engineered and manufactured by a diverse team of approximately
140,000 employees located in 36 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 Jaguar
Jaguar Land Rover is the UK's largest automotive manufacturer,
built around two iconic British car brands: Land Rover, the
world's leading manufacturer of premium all-wheel-drive vehicles;
and Jaguar, one of the world's premier luxury sports saloon and
sports car marques. The company employs almost 38,000 people
globally and supports around 275,000 more through our dealerships,
suppliers and local businesses. Manufacturing is centered in the
UK, with additional plants in China, Brazil
and India.
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 in the backdrop of some of the most iconic cities -
including Hong Kong, Marrakech,
Buenos Aires, Monaco, Paris, 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 12
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 gets underway on
October 9 in Hong Kong, with the season finale
double-header in New York on
July 29 & 30.
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SOURCE Lear Corporation