U.S. News Best Cars Announces The 2017 Best Vehicle Brands
The annual awards recognize brands with top-performing vehicles in four major categories: SUVs – including crossovers and minivans, cars, trucks and luxury.
Lear Corp. Opens New Innovation Center In Detroit
Planned as a hub for art, creativity, automotive advanced concept development and hands-on learning for Detroit college students, the building will serve multiple purposes including focusing on innovation and design, inside and outside the automotive industry.
Adient Form 10 Declared Effective, Clearing The Way For Johnson Controls Spinoff
Trading of “ADNT” is expected to begin on the New York Stock Exchange on Oct. 17.
Johnson Controls Board Approves Separation Of Adient
Adient shares are expected to begin trading on the NYSE on Oct. 31.
Adient Announces Pricing Of Approximately $2B Private Placement Of US And European Senior Notes
The net proceeds of the offering are intended to be used to make cash transfers to Johnson Controls in connection with the spin-off. Adient will use any remaining proceeds for general corporate purposes.
Adient Announces Pricing Of Approximately $2B Private Placement Of US And European Senior Notes
The notes are being issued by Adient Global Holdings Ltd., a wholly owned subsidiary of Johnson Controls that will be transferred to Adient in connection with the planned spin-off.
Visteon Announces Second Quarter 2016 Results
Visteon Corp. has announced second quarter 2016 results, reporting sales of $773 million and net income attributable to Visteon of $26 million, or 76 cents per diluted share.
Adient Takes First Steps To Secure Capital Structure
The company has initiated discussions with lenders to secure financing ahead of its legal separation from Johnson Controls.
Visteon Announces First Quarter 2016 Results
Visteon reported first quarter sales of $802 million, a decrease of $14 million compared with the same quarter last year. The decrease is primarily related to the sale of the company’s German interiors facility during the fourth quarter of 2015 and unfavorable currency, partially offset by higher production volumes and new business.
Adient Files SEC Form 10 For Planned Spin-off From Johnson Controls
Details on the location of Adient’s international headquarters and the expected makeup of its board of directors have been announced.