Weak auto industry bites Adient in 2019

摘要

Plymouth, Michigan - Adjusted EBITDA at Adient, which makes automotive seating and interiors, fell 34% to $787m in 2019. Its annual sales of $16.5bn were 5% lower than in 2018. CEO Doug Del Grosso said: 'While the team made solid progress in advancing the turnaround plan in 2019, we recognise the significant opportunity that lies ahead.