Michigan, United States -- Lear Corporation has predicted an automotive seating segment sales turnover of $11.9bn (EUR 8.7bn) for 2013 - 27% higher than the figure in 2010.
New business sales have risen so significantly that they will generate $1.3bn in revenue between now and the end of 2016.
According to company presentations from the Deutsch Bank Global Auto Industry conference in Detroit this week, dividends increased by 21% during 2013 and the company completed $1bn in share repurchases.
The company will issue its 2013 full year and Q4 results on 31 January.
XE Currency conversion: 15 January