Adient (ADNT) said Wednesday said it has entered into a joint development agreement with Paslin, a machine integrator and automation firm.
The deal aims to develop automated processes for Adient's traditional sewing operations and related product offerings in the future, the company said.
Adient shares were up 6% in premarket activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.