Viewing entries tagged with 'Automotive seating'

Adient sells Recaro Seating to investment firm

Automotive seating supplier Adient has sold its Recaro Automotive Seating business to Raven Acquisitions, a Detroit, Michigan, USA-based, privately owned investment corporation in a transaction effective on 1 January.

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Adient to sell 30% YFAI stake to Yanfeng

Automotive seating supplier Adient is to sell its 30% stake in Yanfeng Global Automotive Interior Systems (YFAI) to Yanfeng Automotive Trim Systems for US$379m.

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Sustainable alternatives for car seating

With several original equipment manufacturers starting to use renewable materials, Austrian fibre producer Lenzing is offering sustainable and functional alternatives for car seating.

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Senior management changes at Adient

Automotive seating supplier Adient has appointed Frederick Henderson as interim chief executive officer (CEO) and lead director John Barth as chairman.

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Automotive seating prototyping and testing facility in India

Automotive seating supplier Adient has started construction of an automotive seating prototyping and testing facility in Pune, India.

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Adient to purchase Futuris Group

Automotive seating supplier Adient has signed a definitive agreement to acquire Futuris Group for US$360m, including the assumption of US$18m of net debt. Adient expects the transaction to add US$500m in revenue on an annual basis.

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Textile heating system for automotive seating

Besides apparel applications, such as workwear, active sportswear and healthcare garments, Kufner’s THS (textile heating system) technology is finding use in automotive seating, which is still in the development stage with Tier 1 suppliers.

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Lear to buy Grupo Antolin seating

In a bid to expand overseas sales, Lear has signed a definitive agreement to acquire Grupo Antolin’s automotive seating business for €286m on a cash and debt basis. The transaction is expected to close in the first half of 2017.

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JCI board approves seating and interiors spin-off

Johnson Controls has approved the previously announced spin-off of its global automotive seating and interiors business.

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Takata to sell US automotive interiors unit

Troubled airbag maker Takata is selling its US automotive interior trim and seating material operation, raising cash as its airbag inflator recall costs continue to mount.

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