Lear's road from interiors icon to Carl Icahn; Automakers' moves sent supplier spinning.(News)

Crain's Detroit Business | February 26, 2007| | Copyright

Byline: David Barkholz Crain News Service

In the months after Ken Way's 2003 retirement to Florida, Lear Corp.'s future looked bright.

The longtime CEO had left Lear with a crowning achievement: to build complete interiors for the Buick Lucerne and Cadillac DTS vehicles.

It was the realization of nearly a decade of work and billions of dollars of acquisitions to transform Lear from a simple seat-maker into an integrated global supplier of cockpits, carpeting, interior trim and electronics. At the start of 2004, Lear's stock price crested at more ...

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