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Adient agrees to purchase automotive seating supplier Futuris Group

From PR Newswire PLYMOUTH, Mich., Aug. 21, 2017 /PRNewswire/ -- Adient PLC. (NYSE: ADNT), the global leader in automotive seating, announced today it has signed a definitive agreement to acquire Futuris Group. The purchase price is approximately $360 million including the assumption of approximately $18 million of net debt. Privately held Futuris is headquartered in [...]

Futuris Group Hires Peter Bush as Global Treasurer

From Auto News' People on the Move Peter Bush NEW HIRE Published on June 2, 2017 Job Title Global Treasurer Job Description Peter Bush has joined Futuris Group as the Global Treasurer. He brings years of automotive operational finance and international treasury experience to the company and will be based out of the company's global [...]

Futuris Group Hires David Gordon as Vice President of Seating

From Auto News' People on the Move David Gordon NEW HIRE Published on June 2, 2017 Job Title Vice President, Seating Job Description Dave will be focused on advancing the growth of Futuris' complete seating business. He will also be handling the commercial affairs for current seating customers as well as commercial and program management [...]

Futuris Group Acquires Kongsberg Automotive’s North American Headrest Business

OAK PARK, Mich., March 24, 2017 /PRNewswire/ — On March 17, Futuris Group completed the purchase of Kongsberg Automotive’s North American Headrest/Armrest business subsequently providing a southeastern USA manufacturing presence in Milan, TN for this global automotive, Minority Certified Supplier. “The acquisition of Kongsberg’s NA headrest and armrest business addresses our need to expand our North [...]

Futuris Opens Manufacturing Facility In North America

From Manufacturing.net - September 11, 2014 Futuris Automotive, a leading global automotive components supplier, today announced the expansion of its North American business with the opening of a new manufacturing facility and design center in Newark, CA, one of several such facilities planned as part of Futuris’ growth and investment strategy in North America. Futuris’ Newark [...]

Tesla supplier Futuris Automotive inks big lease in Newark

From the San Francisco Business Times - May 8, 2014 Futuris Automotive Inc., a supplier to Tesla Motors, just inked a deal with Prologis for 160,000 square feet of office and industrial space at 6601 Overlake Place in Newark. The company, based in Long Beach, wanted to be closer to Tesla’s operations in Fremont, a city [...]