View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 20, 2020

Adient suspends FY2020 outlook

Adient is suspending its FY2020 outlook due to global economic uncertainty caused by the COVID-19 pandemic.

By Rhodri Morgan

Adient is suspending its FY2020 outlook due to global economic uncertainty caused by the COVID-19 pandemic.

Adient will provide a business update on its second quarter earnings call, scheduled for May 1, 2020.

“The coronavirus pandemic is dramatically affecting all industries around the world, including the automotive industry where vehicle production has been temporarily suspended across Europe and North America,” said Adient president and CEO, Doug Del Grosso.

“Adient is taking aggressive steps to safeguard the health of our employees as well as protect our business.” 

With 83,000 employees in 35 countries, Adient operates 220 manufacturing/assembly plants worldwide, producing and delivering automotive seating for all major OEMs.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto