Guy Brown and Don Herd run an interiors business called Room 9.
What's more, she is hoping DuPont will make an initial public offering of its textiles and interiors business rather than sell it to an outside company.
In October, Lear completed the sale of nearly all its European auto interiors business to an International Automotive Components Group joint venture with W. L. Ross & Company and Franklin Mutual Advisers.
The effort is all the more important now that DuPont plans to spin off or sell its textiles and interiors business, which includes nylon, by year's end.
The company has aimed for reaching a definitive agreement for the North American interiors business by the end of 2006, if not sooner.
The Hexcel Corporation said yesterday that it had agreed to sell its Bellingham aircraft interiors business to Britax International P.L.C. of Britain for $116.9 million in cash.
However, chief operating officer Doug DelGrosso said Lear plans to proceed with a joint venture on automotive interiors with billionaire financier Wilbur Ross if it can execute a plan to shift most European interiors business into the venture.
The Lear Corporation said it had reached a definitive agreement to sell its North American interiors business to a joint venture led by the financier Wilbur Ross, completing the shedding of the money-losing interiors unit worldwide.
Auto parts supplier Lear on Tuesday said it would consider an outright sale of its struggling North American interiors business and offered details of its 2006 outlook and restructuring plans.
The Lear Corporation, a supplier of automobile parts, said yesterday that it had a nonbinding agreement in principle to contribute its North American auto interiors business to a joint venture with the financier Wilbur L. Ross.
Lear, which sells car seats and steering wheels to the world's biggest automakers, said Wednesday it had agreed to trade its faltering European interiors business for a 34percentt stake in International Automotive Components Group.
