Adient reported FQ4’20 revenues (to Sept. 30) which declined by 8.3% year over year as the automotive seat maker recovered only slowly from pandemic related factory closures. While the firm expects an 18.0% rise in revenues across the sector in the year to Sept. 30, 2021 there’s little sign of a recovery in its fortunes in the near time. U.S. seaborne imports linked to the firm fell by 10.6% year over year in the first half of calendar Q4’20. The firm’s CEO, Jeffrey Stafell, also expects “certain headwinds on the horizon, such as rising commodity prices a...
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