Adient net income plummets 69% in fiscal Q3 amid delayed launches, Europe troubles

(COURTESY OF ADIENT)

August 06, 2024 03:56 PM

Automotive seating supplier Adient said net income plunged and revenue slipped in its fiscal third quarter partly because of weak demand and inventory issues in Europe.

Featured Stories

Donald Trump revokes EV policies with speed — and uncertain legal standing

President Donald Trump is slated to sign a bill that would roll back California's clean transportation waivers, one of many moves to unravel federal support for EVs.

Donald Trump revokes EV policies with speed — and uncertain legal standing

First wind tunnel, turbine cars and minivans: 100 years of Chrysler innovations

First wind tunnel, turbine cars and minivans: 100 years of Chrysler innovations

Waymo leads autonomy race, but Tesla could quickly close gap in competition of ‘heavyweights’

Waymo leads autonomy race, but Tesla could quickly close gap in competition of ‘heavyweights’

New Stellantis CEO Antonio Filosa faces series of hurdles

New Stellantis CEO Antonio Filosa faces series of hurdles

Latest News

Hrizn unveils AI-driven dealership marketing software

Guest column: Shifting from F&I protection to full performance

Stellantis names Sebastien Jacquet as new quality chief

More flavors, smart evolution, streamlined, pretty good-looking: What people think of 2026 Toyota RAV4

Staying current is easy with newsletters delivered straight to your inbox.

See More in Suppliers

Forvia posts slightly lower Q3 sales, but wins new business from Chinese automakers

Longtime Ford supplier Dana explores sale of off-highway unit, report says

Daily 5 report for Oct. 18: Bosch and Rivian's court fight isn't the typical supplier vs. automaker dispute

Nemak's Q3's net income takes a tumble

Staying current is easy with newsletters delivered straight to your inbox.