Johnson ControlsJohnson Controls posts lower quarterly profit on weak auto output in EuropeApril 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 »
Delphi, Continental bid for Johnson Controls' auto electronics unit, report saysApril 23, 2013 19:00 CET Delphi Automotive and Continental both bid for Johnson Controls' automotive electronics unit, Bloomberg sources said. The supplier is considering the sale to free up cash and focus on more profitable divisions, such as car seats.... Read More »
Delphi, Continental bid for Johnson Controls' auto electronics unit, report says 1:00 pm U.S. ET | April 23, 2013 Delphi Automotive and Continental AG both bid for Johnson Controls' automotive electronics unit, people familiar with the matter told Bloomberg. Johnson Controls received first-round bids this month and is now setting up meetings with suitors such as Delphi and Continental, the report said.... Read More »
Johnson Controls posts lower quarterly profit, reaffirms 2013 outlook 10:22 am U.S. ET | April 23, 2013  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 »
SUPPLIERS SAIC unit aims to buy JCI's electronics business, report saysApril 8, 2013 06:01 CET  An automotive supplier majority owned by China's SAIC Motor Corp. is in talks with Johnson Controls Inc. about acquiring the U.S. supplier's electronics business, a daily Chinese business newspaper reports.... Read More »
Johnson Controls explores sale of auto-electronics division 2:01 pm U.S. ET | March 6, 2013  Johnson Controls said it has hired JP Morgan to explore the potential sale of its automotive electronics unit and denied having plans to sell its interiors business.... Read More »
THE SUPPLIER SPEAKS: BEDA BOLZENIUS, JOHNSON CONTROLS’ INTERIORS DIVISION Johnson Controls benefits from industry efforts to cut seat costs 12:01 am U.S. ET | Jan. 28, 2013  To cut costs, automakers are asking seat makers to standardize their seat components for use by different car platforms, brands and even automakers. Beda Bolzenius, 56, president of automotive experience in Johnson Controls' interiors division, described this trend.... Read More »
NORTH AMERICAN INTERNATIONAL AUTO SHOW JCI gets deal to produce 48-volt batteries 12:01 am U.S. ET | Jan. 21, 2013 Supplier Johnson Controls Inc. is developing a 48-volt lithium ion battery for European automakers. The higher voltage is needed to handle a growing number of electrical systems that save fuel but need more volts, such as stop-start, electric power steering, regenerative brakes and other energy-efficient electrical systems.... Read More »
AUTOMOTIVE NEWS WORLD CONGRESS Race is on for the cheapest way to hit 54.5 mpg 12:01 am U.S. ET | Jan. 21, 2013  Finding low-cost technology solutions will be the key to meeting the federal 54.5 mpg fuel economy standard in 2025, said a panel of speakers from suppliers at the Automotive News World Congress.... Read More »
2013 DETROIT AUTO SHOW JCI develops 48-volt lithium ion battery for European automakers 12:20 pm U.S. ET | Jan. 14, 2013  Supplier Johnson Controls is developing a 48-volt lithium ion battery for European automakers. The higher voltage is needed to handle a growing number of electrical systems that save fuel but need more volts, such as stop-start, electric power steering, regenerative brakes and other energy-efficient electrical systems.... Read More »
Wanxiang seeks to allay A123 bid concerns amid political opposition 4:01 am U.S. ET | Dec. 21, 2012  A senior Wanxiang Group executive stressed A123 Systems, at the center of an American political storm after the Chinese firm won an auction for the electric car battery maker, would operate as an American company. And those close to the deal say they believe national security concerns are overblown.... Read More »
Johnson Controls to build 10 more seating plants in China 11:08 am U.S. ET | Dec. 19, 2012  Johnson Controls plans to build 10 more auto seating plants in China over the next five years as part of a long-term strategy that calls for continued growth in China and slow expansion in the North American market to offset expected slowdowns in Europe.... Read More »
Johnson Controls appeals A123 bankruptcy sale to Wanxiang 3:44 pm U.S. ET | Dec. 17, 2012  Johnson Controls, the lead bidder at the auction for assets of bankrupt A123 Systems, said it is appealing the court decision that gave China's Wanxiang Group approval to buy most of the assets.... Read More »
Court OKs sale of U.S. government-backed A123 to Chinese firm 6:52 pm U.S. ET | Dec. 11, 2012 China's largest auto parts maker received court approval on Tuesday for its controversial purchase of A123 Systems Inc., a bankrupt maker of electric car batteries, but the judge said he was troubled that a U.S. rival might be working to kill the deal.... Read More »
JCI might still pursue A123 if Wanxiang bid is rejected 11:45 am U.S. ET | Dec. 11, 2012  A Johnson Controls executive said his company would still be interested in the automotive assets of bankrupt A123 Systems should a winning auction bid by China's Wanxiang Group be nullified by the United States.... Read More »
A123 auction to kick off with at least four bids 2:34 pm U.S. ET | Dec. 6, 2012  A123 Systems, a bankrupt maker of batteries for electric cars, was expected to kick off its politically sensitive auction today pitting a United States bidder against at least three foreign rivals for a company that was partly funded with federal government money.... Read More »
U.S. launches new project to advance electric-vehicle batteries 2:25 pm U.S. ET | Nov. 30, 2012  The Obama administration launched a fresh $120-million research project Friday, aimed at developing cheaper batteries for electric vehicles, a sector that has faltered despite billions of dollars of prior government investment. The Energy Department will dole out the money over five years to establish a research hub for batteries and energy storage, backed by five national laboratories, five Midwestern universities and four private firms.... Read More »
China approves Wanxiang plan to buy bankrupt battery maker A123 11:47 pm U.S. ET | Nov. 29, 2012  China's government has approved a plan by Wanxiang Group, a major Chinese auto parts maker, to acquire bankrupt U.S. battery maker A123 Systems, although a deal still hinges on the outcome of an auction next month and U.S. government approval.... Read More »
JCI and China's Wanxiang to square off in A123's bankruptcy auction 3:52 pm U.S. ET | Nov. 8, 2012  An American and a Chinese auto parts maker will face each other on December 6 in an auction to buy A123 Systems, a bankrupt maker of batteries for electric cars that was partly funded by the federal government.... Read More »
A123 Systems asks for OK of $50 million interim loan from China's Wanxiang 12:23 pm U.S. ET | Oct. 30, 2012  A123 Systems, the bankrupt maker of electric-car batteries, asked a judge to approve a $50 million loan from Wanxiang America, replacing Johnson Controls as the lender for its Chapter 11 case.... Read More »
Johnson Controls reports narrow loss on one-time charges 10:28 am U.S. ET | Oct. 30, 2012  Johnson Controls posted a narrow quarterly loss on weaker sales in its key automotive business in Europe and one-time restructuring and accounting charges, the company said today.... Read More »
Ford closures could affect U.S. suppliers 12:01 am U.S. ET | Oct. 29, 2012 Ford Motor Co.'s plan to close plants in Europe begins a long, painful road for U.S.-based suppliers if they don't react quickly to the European economic crisis, industry analysts say.... Read More »
Fisker wants U.S. court to delay A123 bankruptcy auction 4:07 pm U.S. ET | Oct. 26, 2012  Luxury hybrid automaker Fisker Automotive has asked a federal bankruptcy judge to delay the auction of electric-car battery maker A123 Systems.... Read More »
Ford's Belgium plant closing could impact U.S. suppliers 4:28 pm U.S. ET | Oct. 24, 2012  The announcement that Ford will close its Genk, Belgium, plant begins what will be a long, painful road for North American suppliers if they don't react quickly as the European economic crisis deepens, experts say.... Read More »
Johnson Controls sets Q4 restructuring, pension charges 7:37 am U.S. ET | Oct. 23, 2012 Interiors and battery supplier Johnson Controls said on Monday it will report a pre-tax charge between $225 million and $275 million in the fourth quarter as it cuts jobs and consolidates factories.The company also will post a separate one-time charge between $425 million and $475 million related to a change in its method for recognizing pension and post-retirement expenses.... Read More »
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