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Adient reported a painful financial quarter, but more than a year into its makeover, the seating giant is determined to stay focused on future products.
Seating supplier Adient reported a net loss of $216 million in the first quarter of fiscal 2018, compared with a profit of $99 million during the year-earlier quarter.
Boeing is moving into making aircraft seats to try to reduce costly delays to deliveries by plane manufacturers, forming a joint venture with car seating leader Adient.
Here's a look back at some mobility happenings from 2017.
Auto supplier joint venture Yanfeng US Automotive Interiors plans to lay off 345 employees at its Highland Park plant near Detroit, according to a notice filed with the state of Michigan.
Tesla, which decided to bring seat production in-house, has demonstrated a commitment to vertical integration not seen in the auto industry for decades.
Interior suppliers at the Frankfurt auto show signal a growing consensus about how cockpits of the future will look -- with preference for armrest controls, no knobs and no center consoles.
Seating supplier Adient has agreed to buy Futuris Group for $360 million. Adient expects its purchase of the automotive seating and interiors supplier to add $500 million in revenue per year.
Adient is closing a seat assembly plant in suburban Detroit in a move that will affect 129 employees.
Seating supplier Adient said it posted $204 million in net income during the recent quarter, compared with a $14 million loss last year dragged down by one-time restructuring costs.
Matt Simoncini shouted above the noisy crowd at a fundraiser he was sponsoring last week for the Motown Museum in Detroit. "Delphi! Delphi! Anybody here from Delphi!"
Automotive seating supplier Adient said it will work with Boeing to explore how to improve commercial airplane seating and interiors.
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