Lear Corp. manufactures electronics for automobiles and their main customer is Ford, which has a plant close by and accounts for about 80% of their sales. After an in-depth company background, led by Plant Manager Roberto Sabatini, we discussed what was going on in the automotive industry and how this has affected Lear.
Recently the company declared bankruptcy, but sales through Ford are allowing them to continue to grow. A major issue the company is running into in Argentina is the price wars they are encountering between the buyers and suppliers. The presentation ended with a tour of the facility.
Side note: We noticed a particularly strong interest from Professor Dubois during this presentation; he really has a fascination with automotive repair and electronics.
Currently I’m writing this post on the bus as I’m listening to Andrea and Mike as they create plans for a copper company based in Chile. A lot of laughter is going on and but I think this is a serious venture. The plan is for Andrea to do the mining and sifting for copper and Mike remains in the states and collects the profits. We’re obviously learning a lot about building a strong company. But on a more serious note, everyone in the group is getting along great, sharing laughs and engaging in interesting discussions during our company visits.
Next up today: Bodega Norton. Bodega Norton was the first winery in Mendoza, Argentina. Unfortunately we are not visiting their actual winery in Mendoza (as it about a two-hour flight from BA) but meeting in their BA office for what we know will be some form of a steak lunch and insight about how they plan to further saturate the global market with their high-quality but low priced wine.
Pictured below are some photos from the visit, another steak lunch (it's starting to get out of hand as you can tell.) Unfortunately we didn't get any photos from Lear Corporation or the tour because our cameras were confiscated upon our arrival.
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