ITB Auto Takes Over Idled Italy Plant to Produce Chinese Minicars

ITB Auto will take over an idled plant in Italy to produce Chinese minicars. Lear Corporation is a global automotive technology company that supplies seat systems, electrical distribution, and other electronic products to manufacturers. Its segments include Seating and E-Systems, with software offerings including embedded control, cybersecurity, and AI-based technologies.

Palantir Technologies Inc. and Lear Corporation have announced a five-year expansion of their partnership, aiming to accelerate Lear's digital transformation and manufacturing efficiency. Under the new agreement, Lear will broaden its use of Palantir Foundry, Warp Speed manufacturing operating system, and Artificial Intelligence Platform (AIP) across its global manufacturing footprint Palantir Technologies Inc. and Lear Corporation Announce Five-Year Partnership Expansion to Accelerate Automotive Technology Transformation^[1].

Lear Corporation, a global automotive technology company, supplies seat systems, electrical distribution, and other electronic products to manufacturers. The partnership with Palantir will help Lear proactively manage tariff exposure, automate administrative workflows, and dynamically balance its manufacturing lines. Palantir's platforms connect functions across quality, supply chain, procurement, manufacturing, finance, and design, enabling over 11,000 Lear employees to drive efficiency and innovation Palantir Technologies Inc. and Lear Corporation Announce Five-Year Partnership Expansion to Accelerate Automotive Technology Transformation^[1].

The expansion of the partnership is a continuation of Lear's Innovative, Digital, Engineered and Automated (IDEA by Lear) program, which has resulted in more than $30 million in savings during the first half of 2025, with benefits expected to compound over the remainder of the year and beyond Palantir Technologies Inc. and Lear Corporation Announce Five-Year Partnership Expansion to Accelerate Automotive Technology Transformation^[1]. Lear first partnered with Palantir in 2023 to digitize its manufacturing operations, and since then, the companies have expanded the scope and scale of their collaboration.

This strategic move by Lear aligns with the company's ongoing efforts to enhance its competitive edge in the automotive industry. As Lear continues to integrate advanced technologies into its operations, it aims to improve product quality, reduce costs, and enhance overall operational efficiency.

References:
Palantir Technologies Inc. and Lear Corporation Announce Five-Year Partnership Expansion to Accelerate Automotive Technology Transformation^[1] https://www.marketscreener.com/news/palantir-technologies-inc-and-lear-corporation-announce-five-year-partnership-expansion-to-accelera-ce7d59d8db8ef324