Lear T1XX program reports ‘negative’ for Magna, says UBS

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Thu, January 29, 2026 astatine 8:45 AM CST 1 min read

According to reports, Lear (LEA) has secured GM‘s (GM) T1XX programme astatine Orion, with accumulation starting successful 2027, a effect mostly anticipated but not antecedently included successful backlog, UBS tells investors successful a probe note. The triumph is neutral to somewhat affirmative for Lear but antagonistic for Magna (MGA), which antecedently operated the facility, the steadfast says. UBS has a Neutral standing and $135 terms people connected Lear shares.

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