Johnson Controls

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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BMW to recall 91,800 Mini Coopers over airbag flaw

10:34 am U.S. ET | April 18, 2015

BMW of North America will recall about 91,800 Mini Coopers in the U.S. to fix a flaw with the front passenger seat mat that may prevent the passenger airbag from deploying....
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New generation of cheaper batteries adds power to hybrids, cut fuel use

12:01 am U.S. ET | March 25, 2015

A new generation of hybrid cars that combine electric and gas power in new ways are emerging as a low-cost alternative for automakers and consumers as batteries get cheaper and more efficient. The new microhybrid systems are coming on line just as automakers face a U.S. goal of 54.5 miles per gallon on average by 2025....
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Suppliers dream up future innovations. Will automakers bite?

12:01 am U.S. ET | Jan. 26, 2015

Suppliers try to look over the horizon and craft new features and equipment for autos....
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JCI quarterly net income grows 12% on higher volume

3:07 pm U.S. ET | Jan. 22, 2015

Supplier Johnson Controls said today its quarterly net income grew 12 percent, reaching $507 million, compared with $451 million during the same quarter last year. JCI is typically one of the first suppliers to release quarterly earning results, serving as a bellwether for supplier financial trends....
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JCI to unveil battery just for vehicle stop-start systems

6:00 am U.S. ET | Jan. 8, 2015

Johnson Controls has developed a small lithium ion battery for use only by vehicle stop-start systems. The battery is about the size of a tissue box and weighs around 9 pounds....
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Tenneco names JCI executive Kesseler as new COO

3:05 pm U.S. ET | Jan. 7, 2015

Tenneco named longtime Johnson Controls executive Brian Kesseler as its COO, effective Monday. Kesseler, 48, who has been president of Johnson Controls Power Solutions, replaces Hari Nair, who is retiring....
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JCI's Molinaroli says employees 'rallied around' him after scandal

2:01 pm U.S. ET | Dec. 4, 2014

Johnson Controls CEO Alex Molinaroli, in his first public comment regarding his extramarital affair involving a former consultant to the company, said his employees and the community have “rallied around” him since news of the scandal broke two months ago....
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Visteon posts Q3 loss on one-time items, but revenue rises 33%

10:24 am U.S. ET | Nov. 6, 2014

Visteon said today it posted a $21 million net loss for the third quarter because of charges from discontinued operations, but revenue surged 33 percent, helped by its acquisition of Johnson Controls' electronics business....
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Johnson Controls profit beats estimates as car seat demand rises

10:05 am U.S. ET | Oct. 30, 2014

Johnson Controls posted a better-than-expected quarterly profit, driven by higher sales of its car seats in North America and a lower expected tax bill....
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JCI-Yanfeng could be first domino

12:01 am U.S. ET | Oct. 20, 2014

The major joint venture between Johnson Controls Inc. and China's Yanfeng Automotive Trim Systems Co. has created momentum for further consolidation of the auto interiors business, says Beda Bolzenius, president of Johnson Controls' seating and interiors business....
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End of the affair: CEO stays, consultant goes

12:01 am U.S. ET | Oct. 13, 2014

After Alex Molinaroli, CEO of Johnson Controls, had an affair with a consultant, the parts supplier fired her consulting firm -- and expressed support for Molinaroli, Bloomberg reported last week....
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Johnson Controls fires consultant after affair with CEO

11:48 am U.S. ET | Oct. 8, 2014

Johnson Controls fired a consulting firm after learning that one of its principals had an extramarital affair with CEO Alex Molinaroli. Molinaroli told his family about his affair with psychologist Kristin Ihle in late May, according to the transcript of a court hearing at which Ihle unsuccessfully sought a restraining order against the CEO's estranged wife....
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JCI, Unifor labor deal averts threat to GM output in Canada

1:09 pm U.S. ET | Aug. 25, 2014

About 300 unionized workers at a Johnson Controls interiors plant in Ontario ratified a new three-year contract, heading off a potential strike at the factory and work stoppage at General Motors' Oshawa assembly complex....
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Canadian JCI workers reach tentative pact

4:37 pm U.S. ET | Aug. 22, 2014

Canadian union workers at an interiors plant that supplies General Motors' Oshawa assembly complex have reached a tentative contract agreement that could avert a strike at the supplier plant....
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A123 hires former JCI executive as chief technology officer

7:49 am U.S. ET | Aug. 19, 2014

A123 Systems hired former Johnson Controls executive Patrick Hurley as its new chief technology officer....
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Magna CEO in a shopping mood in post-Stronach era

6:54 am U.S. ET | Aug. 19, 2014

Magna International, the largest auto supplier in North America, will consider purchases of as much as $4 billion as it distances itself from debt-averse founder Frank Stronach....
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CAR's David Cole on suppliers, Sergio, 'a wild and crazy time'

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'Fast and furious.' That's how Center for Automotive Research chairman emeritus David Cole describes an auto industry that may never see stability again.
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