Automotive Intelligence

News of  April 18, 1999

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Lear Corporations GM Division Named General Motors 1998 Supplier of the Year
Southfield, Mich. April 9, 1999 - For the third time and the second consecutive year, Lear Corporation (NYSE: LEA) has been named General Motors' (NYSE: GM) Supplier of the Year. The 1998 award again recognizes Lear's GM Division as a worldwide leader in product development, technology, manufacturing, continuous improvement, value and, most importantly, quality in the automotive interior components and systems it provides to the world's largest automaker.

The Supplier of the Year award was established by GM in Europe more than 20 years ago and became an international award in 1992. The prestigious award will be formally presented to Lear officials during a ceremony in Detroit on May 5.

Harold R. Kutner

Harold R. Kutner, Vice President GM

Prior to again being named Supplier of the Year, Lear's GM Division went through a quantitative analysis by several General Motors groups. Lear and the other companies recognized were selected by teams of purchasing, quality, engineering and manufacturing experts from GM operations around the world. The team reviewed supplier performance in quality, service and price during the 1998 calendar year, recognizing supplier companies worldwide who exceed specific performance standards in those areas.

"GM's Suppliers of the Year represent the 'best of the best,'" said Harold R. Kutner, Vice President and Group Executive, Worldwide Purchasing and North American Production control & Logistics. "Of GM's 30,000 suppliers, Lear Corporation is one of only 184 that have achieved Supplier of the Year distinction for 1998, an honor accorded to those suppliers who have achieved world-class levels of quality, service, technology and price in support of General Motors."

"On behalf of all of the Lear GM Division staff, whose hard work truly earned this award, we're honored to be named Supplier of the Year," said Joe Zimmer, President of Lear's GM Division. "Our objective has always been to assist General Motors in continuing to be the world leader in quality vehicles and customer satisfaction. That we have earned this recognition three times shows that Lear can be counted on as a partner to GM."

Lear Corporation, a Fortune 500 company headquartered in Southfield, Michigan, USA, is one of the world's largest automotive suppliers, with 1998 sales revenues of $9.1 billion. The company's world-class automotive interior products are designed, engineered and manufactured by more than 60,000 employees in over 200 facilities located in 28 countries. Information about Lear and its products is available on the Internet at

General Motors Worldwide Purchasing is a global organizations operating in the four main regions of the world: Asia Pacific, Europe, Latin America and North America. It is responsible for annual purchases of about $86 billion in goods and services in support of approximately 8.6 million vehicles GM annually produces in 30 countries around the world.


Visteon Builds Leadership Team with Appointment of New Finance Vice President
Dearborn, Mich. April 13, 1999 - Visteon Automotive Systems continues to build a talented global leadership team with the appointment of Mark M. Malcolm to the position of vice president of finance.

Malcolm, 45, joins Visteon from Ford Investment Enterprises Corp., where he served as chief financial officer for the organization. Malcolm began his career with Ford Motor Company in 1977 and has held a variety of financial posts, including controller of vehicle operations for Ford Automotive Operations, manager of plant operations and manufacturing cost analysis, manager of segment strategy and positions in sales, treasury, and investor relations. He was instrumental in helping Ford establish a vehicle line team process, an affordable business structure, and a cost leadership organization.

"Mark brings Visteon invaluable experience in areas like financial analysis, team building, and overall business management," said Craig H. Muhlhauser, president, Visteon. "He has extensive experience and the kind of innovative leadership skills that are essential for the continued transformation of Visteon into a consumer-driven, technology organization."

Malcolm earned a bachelor's degree in economics and psychology in 1975 from Dartmouth College, and a master's degree in finance and accounting in 1977 from the University of Chicago. Malcolm succeeds Thomas J. Webb, who has become chief program director of finance process and systems transformation at Ford.

With the global support of approximately 100 technical, manufacturing, sales and service facilities located in 20 countries, Visteon is leveraging the talents of 74,000 employees to deliver innovative, consumer-driven automotive systems solutions to its customers.

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