Adient suspends FY2020 outlook due to COVID-19 uncertainty

Adient, a global leader in automotive seating, today announced that it is suspending its FY2020 outlook due to the unprecedented 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. Adient is taking aggressive steps to safeguard the health of our employees as well as protect our business,” said Doug Del Grosso, president and CEO of Adient. 

Adient is a global leader in automotive seating. With 83000 employees in 35 countries, Adient operates 220 manufacturing/assembly plants worldwide. We produce and deliver automotive seating for all major OEMs. From complete seating systems to individual components, our expertise spans every step of the automotive seat-making process. Our integrated, in-house skills allow us to take our products from research and design to engineering and manufacturing – and into more than 23 million vehicles every year.