Adient plc is a global leader in automotive seating, designing, engineering, manufacturing and delivering complete seat systems and components for major OEMs worldwide.

# Adient plc

## Overview
- Global leader in the automotive seating supply industry.
- Designs, develops, engineers, manufactures, and delivers complete seat systems and components for passenger cars, commercial vehicles, and light trucks (including vans, pickups, and SUVs).
- Technologies include complete seating systems, frames, mechanisms, foam, head restraints, armrests, and trim covers.
- Business model emphasizes long-term customer relationships with major global OEMs and collaboration during vehicle platform development.

## Global footprint
- Employees: more than 65,000.
- Manufacturing, assembly, or sequencing facilities: approximately 190 (wholly- and majority-owned).
- Countries of operation: 27.
- Partially owned affiliates in China, Asia, and Europe.

## Product development, manufacturing, and operations
- Integrated, in-house capabilities from research and design to engineering and mass production; delivers seating systems and components to millions of vehicles annually.
- Standardized manufacturing processes to maintain quality, minimize waste, and achieve scale advantages through a global footprint and integrated supply chain.
- S&OP process to balance service levels, inventory, and factory utilization, with a focus on on-time delivery and customer retention.

## Development network and technology
- Global Core Product Portfolio (CPP) strategy for part and design reuse, focusing on cost, weight reduction, and performance.
- Ten core development centers worldwide:
  - Ansan (South Korea)
  - Plymouth (USA)
  - Burscheid (Germany)
  - Pune (India)
  - Ceska Lipa (Czech Republic)
  - Querétaro (Mexico)
  - Chongqing (China)
  - Trenčín (Slovakia)
  - Kaiserslautern (Germany)
  - Yokohama (Japan)
- Additional development capacity in low-cost centers in India, China, the Czech Republic, Mexico, and Slovakia.
- Emphasis on automation across metals, foam, trim, and complete seat operations, and expanding use of AI to reduce direct labor costs and improve accuracy.

## Leadership in China
- Leading supplier of just-in-time seating in China.
- Operations through wholly owned entities and seven joint ventures.
- 40 manufacturing locations in 24 cities.
- Supported by a wholly owned technical center in Chongqing and two additional technical centers affiliated with joint ventures.
- Localized operations strengthen relationships with domestic OEMs and expand the customer base among domestic manufacturers.

## Growth platform
- Expanding market share in seating and seating components through global OEM relationships.
- Regional growth opportunities, including Southeast Asia, building on leadership in Europe, North America, and China.
- Vertical integration opportunities to enhance capabilities, margins, and customer offerings.

## Customers and partnerships
- Serves all major global OEMs and maintains long-standing relationships with leading automotive manufacturers, including BMW, Mercedes-Benz Group, Ford, General Motors, Honda, Hyundai, Jaguar Land Rover, Kia, Mazda, Mitsubishi, Nissan, Polaris, Renault, Stellantis, Suzuki, Toyota, Volkswagen, and Volvo.
- Also supplies emerging OEMs and newer automakers such as Beijing Automotive Group, Changan Automobile, FAW Group, Proton Holdings Berhad, Ashok Leyland, Tata Motors, Zhejiang Geely Holding Group, NIO, Xpeng, BYD, Xiaomi Motors, Chery, Great Wall Motor, Leapmotor, Dongfeng, and Rivian.
- Maintains seven joint venture partnerships with key OEMs, including Guangzhou Automobile Group, Beijing Automotive Group, and FAW Group.

Adient plc is a global leader in automotive seating solutions, focusing on designing and manufacturing complete seating systems for major automobile manufacturers.

# Company Overview: Adient plc

## Business Description
Adient plc is a global leader in the automotive seating supply industry, specializing in designing, developing, engineering, manufacturing, and delivering complete seating systems and their components. The company's proprietary technologies are applied in various areas of automotive seating solutions, including complete seating systems, frames, mechanisms, foam, head restraints, armrests, and trim covers. 

### Operational Footprint
- **Manufacturing Facilities**: Over 200 wholly and majority-owned manufacturing or assembly facilities located in 29 countries.
- **Employees**: More than 70,000 employees worldwide.
  
### Customers
Adient serves a diverse range of customers, including all major global Original Equipment Manufacturers (OEMs) in the automotive sector. Some notable customers include:
- BMW
- Mercedes-Benz Group
- Ford Motor Company
- General Motors Company
- Toyota Motor Corporation
- Volkswagen Group

### Market Presence
Adient maintains leading market positions in regions such as:
- **Americas**
- **Europe**
- **China**

## Financial Performance
- **Revenue**: For the fiscal year ended September 30, 2024, Adient reported revenue of **$14.688 billion**, a decrease of 5% from the prior year.
- **Net Income**: The company experienced a net income of **$18 million** for the fiscal year 2024, compared to **$205 million** in 2023. The decline in income is primarily attributed to lower production volumes, restructuring costs, and unfavorable material economics.
- **Total Equity**: Total shareholders' equity at September 30, 2024, is **$2.134 billion**.

## Business Segments
1. **Americas**
   - Revenues of **$6.763 billion** in fiscal 2024. 
   - Adjusted EBITDA of **$375 million**.
  
2. **EMEA (Europe, Middle East, Africa)**
   - Revenues of **$5.029 billion** in fiscal 2024. 
   - Adjusted EBITDA of **$155 million**.
  
3. **Asia**
   - Revenues of **$2.989 billion** in fiscal 2024. 
   - Adjusted EBITDA of **$439 million**.

## Strategic Focus
Adient's operations are characterized by a strong emphasis on:
- **Customer Relationships**: Long-standing relationships with leading global automakers which enable significant insight into customer needs and preferences.
- **Operational Efficiency**: Implementation of standardized manufacturing processes aimed at high capacity utilization and reducing waste.
- **Innovation and Technology**: Continuous investment in automation and artificial intelligence to enhance efficiencies and reduce labor costs.

## Industry Context
The automotive seating industry in which Adient operates is influenced by various macroeconomic factors, including vehicle production rates, supply chain dynamics, electric vehicle adoption, and commodity price volatility. Adient's adaptability is crucial in navigating these fluctuations to maintain its market position.

With this robust operational and financial framework, Adient is well-equipped to leverage its positioning in the rapidly evolving automotive supply industry.

Adient plc

10-K / November 13, 2026

10-K / November 18, 2024

10-K / November 13, 2026

Adient plc

Overview

Global footprint

Product development, manufacturing, and operations

Development network and technology

Leadership in China

Growth platform

Customers and partnerships