Company type | Public |
---|---|
ISIN | IE00BD845X29 |
Predecessor | Automotive Experience division of Johnson Controls International [1] |
Founded | October 31, 2016 [1] |
Headquarters | Plymouth, Michigan, U.S. |
Number of locations | 200 manufacturing/assembly plants (2022) [1] |
Area served | Worldwide |
Key people | Jerome Dorlack (CEO) [2] |
Revenue | US$14.1 billion (2022) [1] |
Number of employees | 70,000 (2022) [1] |
Website | adient |
Adient plc is an American Irish-domiciled company that manufactures automotive seating for customers worldwide and is based in Plymouth, Michigan, United States. [3]
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]
An aerospace manufacturer is a company or individual involved in the various aspects of designing, building, testing, selling, and maintaining aircraft, aircraft parts, missiles, rockets, or spacecraft. Aerospace is a high technology industry.
Robert Bosch GmbH, commonly known as Bosch, is a German multinational engineering and technology company headquartered in Gerlingen, Baden-Württemberg, Germany. The company was founded by Robert Bosch in Stuttgart in 1886. Bosch is 94% owned by the Robert Bosch Stiftung, a charitable institution. Although the charity is funded by owning the vast majority of shares, it has no voting rights and is involved in health and social causes unrelated to Bosch's business.
Magna International Inc. is a Canadian parts manufacturer for automakers. It is one of the largest companies in Canada and was recognized on the 2020 Forbes Global 2000. The company is the largest automobile parts manufacturer in North America by sales of original equipment parts; it has ranked consistently in the Fortune Global 500 list for 20 years in a row since 2001. It produces automotive systems, assemblies, modules, and components, which are supplied to General Motors, Ford and Stellantis, as well as BMW, Mercedes, Volkswagen, Toyota, Tesla, and Tata Motors, among others.
Marelli Europe S.p.A. is a European subsidiary of Marelli Holdings which develop and manufactures the components for the automotive industry. The firm is headquartered in Corbetta, Italy, and includes 86 manufacturing plants, 12 R&D centres, and 26 application centers in 19 countries, with 43,000 employees and a turnover of 7.9 billion euro in 2016.
Volkswagen Group China is the Chinese subsidiary of the German automotive concern Volkswagen Group in the People's Republic of China.
Johnson Controls International plc is an American, Irish-domiciled multinational conglomerate headquartered in Cork, Ireland, that produces fire, HVAC, and security equipment for buildings. As of mid-2019, it employed 105,000 people in around 2,000 locations across six continents. In 2017 it was listed as 389th in the Fortune Global 500. It became ineligible for the Fortune 500 in subsequent years since it relocated its headquarters outside the U.S.
Aptiv PLC is an Irish-American automotive technology supplier with headquarters in Dublin. Aptiv grew out of the now-defunct American company, Delphi Automotive Systems, which itself was formerly a component of General Motors.
Hella GmbH & Co. KGaA is an internationally operating German automotive parts supplier headquartered in Lippstadt, North Rhine-Westphalia. The company develops and manufactures lighting, electronic components, and systems for the automotive industry. It also operates one of the largest trade organizations for automotive parts, accessories, diagnostics, and services within Europe.
Lear Corporation is an American company that manufactures automotive seating and automotive electrical systems. In 2019, it ranked #147 and in 2018, it ranked #148 on the Fortune 500 list.
BorgWarner Inc. is an American automotive and e-mobility supplier headquartered in Auburn Hills, Michigan. As of 2022, the company maintains production facilities and sites at 92 locations in 24 countries, and generates revenues of US$15.8 billion, while employing around 52,000 people. The company is one of the 25 largest automotive suppliers in the world.
Recaro Holding, as the parent company of the Recaro Group, owns the Recaro brand and the independently operating companies Recaro Aircraft Seating based in Schwäbisch Hall and Recaro eGaming based in Stuttgart, Germany. The business areas Recaro Automotive Seating and Recaro Kids are operated by licensees.
The Marquette Building is a historic building located in downtown Detroit, Michigan. It was built in 1905, and stands at 243 West Congress Street. 211 West Fort Street lies to the north, TCF Center to the west, Fort Pontchartrain a Wyndham Hotel to the south, and Fort Shelby Hotel to the east. The building was for a time owned by Mexican billionaire, Carlos Slim.
NXP Semiconductors N.V. (NXP) is a Dutch semiconductor manufacturing and design company with headquarters in Eindhoven, Netherlands. It is the third largest European semiconductor company by market capitalization as of 2024. The company employs approximately 34,000 people in more than 30 countries and it reported revenues of $13.3 billion in 2023.
Mahindra & Mahindra is an Indian automobile manufacturing company headquartered in Mumbai, Maharashtra. It was established in 1945 as Mahindra & Mohammed and later renamed Mahindra & Mahindra. Part of the Mahindra Group, M&M is one of the largest vehicle manufacturers by production in India. Its unit, Mahindra Tractors, is the largest manufacturer of tractors in the world by volume. It was ranked 17th on a list of top companies in India by Fortune India 500 in 2018. Its major competitors in the Indian vehicular market include Maruti Suzuki India and Tata Motors. Dr. Anish Shah is the current CEO and Managing Director of Mahindra & Mahindra.
Aleris Corporation was an American aluminum rolled products producer, based in Beachwood, Ohio. The company had approximately 5,000 employees globally as of mid 2015.
Coda Automotive Inc. was a privately held American company headquartered in Los Angeles, California. The company designed and assembled lithium-iron phosphate (LiFePO4) battery systems for automotive and power storage utility applications, and electric cars. Miles Automotive partnered with Hafei and Qingyuan Electric Vehicle to establish Coda Automotive as an affiliate company. The name CODA comes from the musical term for the concluding passage of a piece of music. Coda Automotive has said that it chose the name because its electric vehicle technology represents an end for combustion engine vehicles, and the start of the electric vehicle era.
Nexteer Automotive is a global motion control technology company. It is a publicly traded company owned about one-third by its shareholders. About two-thirds by Pacific Century Motors, which in turn is 51% owned by AVIC Automotive. Nexteer's global headquarters is in Auburn Hills, Michigan, United States.
Arvind Limited is an Indian textile manufacturer and the flagship company of the Lalbhai Group. Its headquarters are in Naroda, Ahmedabad, Gujarat, India, and it has units at Santej. The company manufactures cotton shirting, denim, knits and bottomweight (khaki) fabrics. It had also recently ventured into technical textiles with its Advanced Materials Division in 2011. The company is India's largest denim manufacturer.
The automotive industry in Vietnam is a fast-growing sector mainly reliant on domestic sales. All currently produced models are designed abroad by foreign brands, and many rely on knock-down kit production. Due to high import taxes on automobiles, the Vietnamese government protects domestic manufacturing. Although Vietnam is a member of the ASEAN Free Trade Area, automobile imports fall under an exception. Since January 1, 2018, the 30% import tax has been discontinued as part of ASEAN agreements. Currently, the Vietnamese motor industry is not deemed competitive enough to make exports feasible. As of April 2018, 85% of car sales in Vietnam were produced domestically from knock-down kits.
Boeing Brasil–Commercial was a proposed, but failed joint venture between Boeing and Embraer to design, build, and sell commercial airliners worldwide. The partnership was established in February 2019, after Boeing agreed to purchase an 80% stake in Embraer's commercial aircraft division. The deal was approved by Embraer's shareholders and was expected to close in June 2020 pending antitrust reviews, but in April 2020 Boeing terminated the joint venture deal due to impact of the 2019–20 coronavirus pandemic on aviation and market uncertainty. Embraer alleges that the financial impact of the Boeing 737 MAX groundings contributed to the demise of the deal, while others allege that U.S. labor and political considerations played a role.