Adient

Adient was founded as a spin-off from Johnson Controls in 2016,^[3] establishing its legal domicile in Dublin, Ireland.^[1] Johnson Controls had entered the automotive seating business in 1985 by acquiring Hoover Universal.^[4] In September 2017, Adient acquired the Oak Park, Michigan-based automotive seat manufacturer Futuris from Clearlake Capital, which added 15 facilities in Asia and North America, including one facility based in Newark, California,^[5] and which was anticipated to increase the company's revenue by $0.5 billion annually.^[3]

In 2016, Adient announced plans to move its global operating headquarters to the Marquette Building in Detroit,^[6] but canceled those plans as of June 2018.^[7]

In January 2018, a joint venture was formed by Adient (50.01%) and Boeing (49.99%) to develop and manufacture airliner seats for new installations or retrofit, a $4.5 billion market in 2017 which was then forecast to grow to $6 billion by 2026, to be based in Kaiserslautern near Frankfurt and distributed by Boeing subsidiary Aviall, with its customer service center in Seattle.^[8]

In February 2020 Adient announced it agreed to sell its 30% stake in Yanfeng Global Automotive Interior Systems to Yanfeng Automotive Trim Systems for US$379 million.^[9][10]

In March 2020, Adient entered into an agreement to sell its automotive fabrics manufacturing business to Sage Automotive Interiors for $175 million.^[11][12]

As of 2022, Adient employed 70,000 people across 200 manufacturing/assembly plants,^[1] in 30 countries.^{[3][Nt 1]}

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• Business data for Adient:
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