Johnson Controls automotive seating spin-off on track
13/06/2016
Johnson Controls announced plans earlier this year to spin off automotive seating and said the newly independent operation will have the name Adient.
“Adient will be the global leader in the $60 billion market for automotive seating,” the company has said, “with more than 230 locations in 33 countries, approximately 75,000 employees and a leading position in China. With $20 billion in consolidated annual revenues, Adient will deliver 25 million seating systems used on more than 360 vehicle nameplates around the globe.”
Three Johnson Controls board members are moving to Adient, including Bruce McDonald, who will be the spin-off company’s chief executive.
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