Adient Reports Strong 1st Quarter Fiscal 2017 Results
The company has reported GAAP net income and EPS diluted up 9 percent to $149 million and $1.59, respectively for the first quarter.
Adient Opens New Corporate Office In Shanghai
“China is an important part of Adient’s growth strategy, and this move reaffirms our commitment to invest in China, one of the most dynamic markets around the world,” said Adient’s Chairman and CEO R. Bruce McDonald.
Adient Collaborates With FCA US On Future Seating Vision For Its Chrysler Portal Concept Vehicle
Unveiled at CES 2017, FCA US says the Chrysler Portal is a forward-thinking interpretation of the “fifth generation” of family transportation targeted at the millennial generation.
Adient Announces Plans To Establish Detroit Global Headquarters
The company will invest approximately $50 million into renovating a building to establish its global headquarters and bring roughly 500 jobs to the city of Detroit.
JCI Spin-Off Adient Opens West Coast Office
The office will serve as a research and development hub supporting existing OEM customers and new players to the automotive industry focused on connected and autonomous vehicles.
Johnson Controls Completes Separation Of Adient
The separation of Adient completes a process begun more than a year ago when Johnson Controls announced its plan to spin off the automotive seating business as part of its multi-industrial strategy focused on making investments in the company’s core growth platforms around buildings and energy.
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.