Live Breaking News & Updates on Yanfeng Adient Seating Co Ltd

Stay updated with breaking news from Yanfeng adient seating co ltd. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Adient announces strategic transformation in China


Adient announces strategic transformation in China
- Company enters into agreement with joint venture partner Yanfeng to end its YFAS joint venture
- Transactions provide Adient opportunity to independently drive its strategy in China
- After-tax proceeds of ~$1.4B, combined with existing cash on the balance sheet, are expected to drive significant debt paydown throughout 2021
News provided by
Share this article
Share this article
PLYMOUTH, Mich., March 12, 2021 /PRNewswire/  Adient (NYSE: ADNT), a global leader in automotive seating, today announced that as part of its strategic transformation in China, it has entered into definitive agreements with joint venture partner Yanfeng Automotive Trim Systems Ltd. (YF) to end its Yanfeng Adient Seating Co., Ltd. (YFAS) joint venture in China. ....

Sullivan Cromwell , Boxun Industrial Co Ltd , Yanfeng Automotive Trim Systems Ltd , Yanfeng Adient Automotive Components Co Ltd , Yanfeng Adient Seating Co Ltd , Yanfeng Adient Langfang Seating Co Ltd , Yanfeng Automotive Trim Systems , Doug Del Grosso , Yanfeng Adient , Fangda Partners , Statement Regarding Forward Looking Statements , Private Securities Litigation Reform Act , Tax Cuts , Jobs Act , Annual Report , Quarterly Report , Quarterly Period , General Manufacturing , Mining Amp Metals , Joint Ventures , சல்லிவன் க்ரோம்வெல் , யான்ஃபெங் தானியங்கி டிரிம் அமைப்புகள் லிமிடெட் , சிட்டி குழுமம் , யான்ஃபெங் தானியங்கி டிரிம் அமைப்புகள் , டக் டெல் மொத்த , அறிக்கை தொடர்பாக முன்னோக்கி பார்க்கிறது அறிக்கைகள் ,