While Ford is making a big splash about its plans to come into the city, another automotive company is now pulling back on its plans to move to downtown Detroit.
The seating supplier Adient says it has decided to scrap plans to move its corporate headquarters and 500 employees into the Marquette Building on Congress Street over concerns about the cost of renovation. It’ll instead remain at its current location in Plymouth Township.
Advent announced plans to move to Detroit in 2016, and crews have been working to redevelop the building for its offices. The company says it plans to sell the building.
Adient last month reported a quarterly loss of $168 million. It recently named former General Motors CEO Fritz Henderson as interim CEO.