Disappointing and ‘unacceptable’ results for Adient

Published:  31 January, 2018

The U.S. based supplier of automotive parts and seats has reported a net loss of US$216 million in the first quarter of fiscal 2018, compared with an adjusted loss of US$29 million a year ago. The poor performance has been mainly attributed to the “challenges and headwinds” impacting its Seat Structures and Mechanisms divisions.

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