Lear has posted a second-quarter net loss of US$294m, while sales fell to US$2.4bn from US$5bn.

"The second quarter of 2020 was one of the most challenging in our history," said Lear president and CEO, Ray Scott.

"Our business was negatively impacted by unprecedented production shutdowns in our major markets in April and May. As restrictions and closures eased, we concentrated our efforts on safely and efficiently restarting operations, managing costs and positioning the company to take advantage of growth opportunities.

"Following the resumption of production, we saw weekly improvements in capacity utilisation and in our business performance throughout the month of June. We also had another quarter of strong business wins, including additional conquest business in Seating.

"I am so proud of the Lear team for what we have accomplished this quarter and, while we will continue to face an uncertain operating environment in the near term, I am confident the Lear team will continue to rise to the challenge."