Dan Ninivaggi, executive vice president, says Lear had a $1.3 billion credit line at the end of the second quarter and $600 million in cash. The company says it will have more than $800 million remaining under its credit line after the drawdown. Goodyear Tire & Rubber Co. and Dana Holding Corp. have also recently tapped credit lines to access cash. While Lear is expected to remain profitable this year, 'we need to protect the portfolio,' Ninivaggi said. Earlier this month, Lear reduced its expectations for 2008 revenues by 6.7 percent to $14 billion. Lear, a major supplier of seats and other interior and electrical parts, is adjusting product and production plans as automakers cut output. Detroit's three automakers are set to build 7,468,500 vehicles in 2008, a drop of 21 percent from 2007, according to Ward's Automotive Reports. Company officials now expect a recovery around 2010. Company officials declined to quantify the planned job cuts, but Chief Financial Officer Matthew Simoncini said 'the sales pullback is more dramatic in North America than in Europe,' or Asia, which has also seen a slowdown. As a result, Lear's U.S. employment ranks operations will take the biggest hit, even though 'most components are from outside the U.S.,' Simoncini said. Lear has about 90,000 employees worldwide, including 9,000 in the United States. Further details will be disclosed when Lear releases third-quarter earnings Oct. 30. Lear's stock price plunged to a record low this week, and shares tumbled 10 percent to close at $3.76 Wednesday. You can reach Alisa Priddle at (313) 222-2504 or apriddledteom.