Press Release:

 

International Automotive Components to Acquire Lear Corp.’s European Interiors Division

New York, July 19, 2006 - Wilbur L. Ross, Chairman of International Automotive Components Group, LLC (IAC), announced today a definitive agreement to acquire substantially all of Lear Corp.’s (LEA-NYSE) European interior systems division for a 34% equity interest in IAC. The combined company would have revenues of $1.2 billion and a net worth of $300 million. Its 20 facilities are located in Belgium, Poland, Czech Republic (2), Germany (4), The Netherlands, Slovakia, Spain (2), Sweden (5) and the United Kingdom (3).

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