Johnson Controls

JCI sells HomeLink to Gentex

12:01 am U.S. ET | July 22, 2013
Gentex Corp. plans to acquire the HomeLink product line from Johnson Controls Inc. for about $700 million, Reuters reported last week.... Read More »

 

Johnson Controls sells HomeLink unit to Gentex; quarterly profit rises

8:15 am U.S. ET | July 18, 2013
Johnson Controls posted a stronger-than-expected quarterly profit and said it would sell its HomeLink auto electronics business to Gentex for about $700 million.... Read More »

 

Suppliers shed units, focus on core products

12:01 am U.S. ET | July 15, 2013
Major global suppliers are starting to spin off or sell business units that lack economies of scale.... Read More »

 

JCI turns to private equity to sell auto electronics unit, report says

6:40 pm U.S. ET | June 17, 2013
Johnson Controls is speaking to private equity firms about selling its roughly $1 billion automotive electronics unit, after buyout interest from several rival auto parts suppliers faltered, according to several people familiar with the matter.... Read More »

 

Toyota targets fewer parts, complexity to speed product creation

12:01 am U.S. ET | June 15, 2013
Toyota has decided it no longer needs 50 kinds of air bags to protect drivers' knees. Ten, the company says, ought to suffice. In one of President Akio Toyoda's biggest initiatives since taking over in 2009, the company is winnowing the number of parts it uses and increasing common components across models.... Read More »

 

EXECUTIVE COMPENSATION

CEOs' pay grows with the economy

12:01 am U.S. ET | June 10, 2013
Ford CEO Alan Mulally has repeated as highest-paid CEO at publicly traded North America-based automotive companies. Mulally took home $68,443,381 in 2012, up slightly from the $68,247,702 he made in 2011. He climbed to the top of last year's list after placing third in the 2010 rankings. Unlike previous years, Mulally isn't the only automaker CEO on the list. No. 33 on this list of 35 executives is General Motors CEO Dan Akerson.... Read More »

 

Johnson Controls posts lower quarterly profit on weak auto output in Europe

April 26, 2013 06:01 CET
Johnson Controls, citing weaker automotive production in Europe, posted lower profits during its most recent quarter, but reaffirmed its financial outlook for the year.... Read More »

 

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