Adient plc (ADNT)
After hours:
- PR Newswire
Adient reports strong Q2 financial results; provides update to FY24 outlook
Adient (NYSE: ADNT), a global leader in automotive seating, today announced its second quarter 2024 financial results.
- Zacks
Adient (ADNT) Earnings Expected to Grow: Should You Buy?
Adient (ADNT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Reuters
Auto supplier Adient cuts jobs, transfers roles in Europe to shave costs
As of September 2023, Adient had over 70,000 employees worldwide, with about 42% of them working in the Europe, Middle East and Africa (EMEA) region. European automakers face a trifecta of challenges: soft demand due to higher borrowing costs that discourage car purchases, fierce competition from Chinese rivals, and higher input costs squeezing their margins. Adient's new round of layoffs and the rest of the restructuring would result in a charge of about $125 million in the company's fiscal second quarter.
