Johnson Controls

JCI's spinoff must refocus to remain on top

12:01 am U.S. ET | Feb. 1, 2016

Just two years ago, Johnson Controls Inc. was a major automotive supplier, but it has been transformed by a series of deals that have split up its operations, leaving its interior parts business in a joint venture with a Chinese partner and making its seating unit an independent company. Its automotive battery division and building controls business will remain with a new Ireland-based company to be created in a proposed merger with Tyco International....
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NEWS ANALYSIS

Johnson Controls' CEO brings his own scandal to Tyco

12:13 pm U.S. ET | Jan. 26, 2016

First came the affair. Then the Ponzi scheme. Now -- a $28.8 billion transaction involving two storied American corporations. It's been a remarkable run for JCI CEO Alex Molinaroli....
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Hillary Clinton calls Johnson Controls-Tyco inversion 'outrageous'

7:15 am U.S. ET | Jan. 26, 2016

Hillary Clinton called the planned inversion by Johnson Controls and Ireland-based Tyco "outrageous," and said as president she would block such moves using an "exit tax."...
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JCI merges with Tyco in tax-lowering maneuver

8:22 am U.S. ET | Jan. 25, 2016

Johnson Controls, already exiting the auto-industry’s supply chain after decades as a key player, is now seeking to shed its U.S. corporate citizenship in a multibillion-dollar tie-up with Tyco International....
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THE SUPPLIER SPEAKS

Yanfeng CEO Roters says supplier will prove itself as a global company

12:01 am U.S. ET | Jan. 25, 2016

Yanfeng Automotive Interiors, spawned when Johnson Controls packaged its interior trim unit into a joint venture with Yanfeng Automotive Trim Systems Co., is the world's biggest producer of instrument panels, door panels and consoles. It is determined to dominate the North American market....
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Johnson Controls negotiating a merger with Tyco, report says

3:54 pm U.S. ET | Jan. 24, 2016

Johnson Controls is discussing a merger with Tyco International that would combine the companies' building-control businesses, people familiar with the matter told Bloomberg....
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Johnson Controls to name seating and interiors spinoff company Adient

9:03 pm U.S. ET | Jan. 12, 2016

Johnson Controls today said its seating and interiors business that is being spun off into a separate company will be named Adient....
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EDITORIAL

CEO revelations increase burden on JCI's board

12:01 am U.S. ET | Nov. 9, 2015

The Johnson Controls board must be diligent and engaged as the company executes an audacious strategy to exit its primary industry to focus on another....
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JCI boss says he's a victim; records show no injury

12:01 am U.S. ET | Nov. 1, 2015

Johnson Controls CEO Alex Molinaroli has drawn scrutiny after paying legal bills and providing substantial financial support to a man who was convicted of running a $50 million Ponzi scheme. Molinaroli says he was a victim; federal court records don't portray the auto parts chief as an injured party....
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Johnson Controls earnings fall on sale of business line

11:28 am U.S. ET | Oct. 29, 2015

Johnson Controls posted lower net income from continuing operations for the fiscal fourth quarter on Thursday, largely due to the sale of a business segment....
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JCI to repay Michigan $3.75 million after failing to meet job targets

1:57 pm U.S. ET | Oct. 28, 2015

Johnson Controls agreed to repay the State of Michigan $3.75 million as a result of failing to create at least 400 jobs at its lithium ion battery plant in Holland, Mich., according to the Michigan Economic Development Corp. It also had its tax-exempt status revoked....
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Johnson Controls’ board voices 'full support' for CEO Molinaroli

1:26 pm U.S. ET | Oct. 26, 2015

The board of Johnson Controls has expressed support for CEO Alex Molinaroli following news reports and legal proceedings that detailed extensive financial ties between Molinaroli and a convicted Ponzi schemer....
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Bridgewater Interiors names Ron Hall Jr. as CEO

3:42 pm U.S. ET | Oct. 5, 2015

Bridgewater Interiors LLC appointed Ron Hall Jr. to CEO of the joint venture between Johnson Controls Inc. and Epsilon Technologies LLC....
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JCI targets 3,000 job cuts in salaried ranks

9:04 am U.S. ET | Sept. 18, 2015

Johnson Controls will cut as many as 3,000 salaried jobs over the next two years under an ongoing cost savings program and ahead of plans to streamline and divest its auto interiors business....
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DOUGLAS A. BOLDUC

BLOG: Yanfeng-JCI's vision shows smooth move to self-driving reality

12:01 am U.S. ET | Sept. 14, 2015

Interiors suppliers Yanfeng and Johnson Controls have developed a futuristic concept car that, among other things, shows how a motorist will smoothly and safely hand over control of the vehicle. The ID16 concept will be on display in Frankfurt this week....
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JCI boosts production of stop-start batteries

1:17 pm U.S. ET | Aug. 5, 2015

Johnson Controls is betting that the market for stop-start systems in North America is about to take off. By 2020, the supplier expects 40 percent of light vehicles produced in North America will have stop-start systems, up from 10 to 12 percent this year....
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JCI exec says seating and interiors business is healthy

12:05 pm U.S. ET | Aug. 3, 2015

The executive who is orchestrating the spin-off of Johnson Controls' $22 billion seats-and-interiors unit has a straightforward message for customers: steady as she goes....
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Stop-start systems pick up speed in North America

11:15 am U.S. ET | Aug. 3, 2015

Stop-start systems are starting to take off in North America. By 2020, about 35 percent of vehicles sold in North America will feature stop-start systems, up from 10 percent this year, predicts Navigant Consulting, a Chicago research firm....
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NEWS ANALYSIS

Chasing profits, JCI jumps out of seats

12:01 am U.S. ET | July 27, 2015

Johnson Controls' spinoff of its $22 billion seats-and-interiors unit, announced last week, underlines an uncomfortable truth for suppliers: Sometimes it's not enough to be No. 1. Seats don't generate the profits that they once did, and that's due to a new trend in purchasing....
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JCI plans spin-off of auto seating, interiors units

9:30 am U.S. ET | July 24, 2015

Johnson Controls plans to spin off its automotive seating and interiors businesses, which will operate as an independent, publicly traded company. Bruce McDonald, currently JCI's vice chairman and executive vice president, will become chairman and CEO of the new company....
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JCI profit rises on improved margins

10:20 am U.S. ET | July 24, 2015

Johnson Controls, the largest U.S. auto parts supplier, reported higher quarterly net profit on fatter margins across the company's main three business segments....
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Strike at Spanish seating supplier ends

July 15, 2015 14:53 CET

Employees at a Spanish factory of seating supplier Johnson Controls today resumed work. Their strike had hit production at Volkswagen Group's Seat unit....
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DOUGLAS A. BOLDUC

BLOG: Interiors sector will get smaller, but not too small

12:01 am U.S. ET | July 9, 2015

Grupo Antolin's planned purchase of most of Magna's interiors operations and JCI's possible sale of its seating business are just the beginning of the upheaval in the automotive interiors world. The sector, however, will remain competitive, an expert with vast M&A experience said....
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Why the seat king wants out of the seat business

12:01 am U.S. ET | June 15, 2015

Johnson Controls is the world's biggest producer of complete seats. So why is CEO Alex Molinaroli putting the company's seating operation and interiors unit up for sale?...
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Johnson Controls to explore spinoff of its auto business

8:13 am U.S. ET | June 10, 2015

Johnson Controls said it is "exploring strategic options" for its automotive business -- the first step in the possible sale or spinoff of its seating and interiors units. CEO Alex Molinaroli said the company “had no specific timetable for the completion of the strategic review, which includes a full range of strategic options for the automotive business.”...
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