Adient Reports Results For Q3 2020
Company continues to execute actions to rightsize its business while navigating through unprecedented times.
Adient Again Modifies Joint Venture With Yanfeng
The changes will restructure existing joint venture relationships.
Adient Announces Prelim Q2 2020 Results
Company is exploring funding options to further strengthen its balance sheet.
Sage Automotive Interiors To Acquire Fabric Business
Per the agreement, Sage Automotive Interiors will pay $175M for Adient’s automotive fabric business.
Adient Ranks High For Women’s Business Enterprises
The company was recognized for the third year in a row by the Women’s Business Enterprise National Council.
Adient Restructures JV With Yanfeng
Adient to sell certain business patents and intellectual property to Adient Yanfeng Seating Mechanisms Co.
Adient Sells Recaro Automotive Seating Unit
Recaro develops, produces and markets premium vehicle seats for OEMs and the aftermarket in Europe, the U.S. and Japan.
John Barth Will Not Stand For Re-Election To Adient Board
Prior to joining Adient’s board, Barth served as CEO of Johnson Controls from 2002 until his retirement in 2007.
Adient Reports 3rd Quarter 2019 Financial Results
Adient reported third quarter Adjusted-EBIT and Adjusted-EBITDA of $129 million and $205 million, respectively.
Recaro Automotive Seating And Skip Barber Racing School Announce Partnership
Because seat design and seating posture in performance driving and auto racing are vital to safety and body support as well as for the feedback from the track, Recaro will provide Skip Barber Racing School with a wide variety of seating options to further enhance the school’s driving experience.
Adient Reports 2nd Quarter 2019 Financial Results
The company reported a second-quarter GAAP net loss of $149 million and a diluted EPS net loss of $1.59.
Adient Reports 1st Quarter 2019 Financial Results
The company reported first quarter GAAP net loss and EPS diluted of $(17) million and $(18 cents), respectively.