DETROIT -- Johnson Controls Inc. will supply the seating system and other interior components for the 2007 Saturn Outlook crossover.
The vehicle features a second-row sliding feature that allows for easier access to the third-row seats of the vehicle, which can seat as many as eight.
Johnson Controls jointly developed the component with General Motors.
"The innovative seats will allow passengers to easily get into and out of third-row seating areas," Brian Kesseler, Johnson Controls' general manager for North America, said in a statement last week.
Terms of the deal were not disclosed.
The Outlook debuted at the New York auto show this month. The crossover will go on sale in the fourth quarter.
Johnson Controls also will supply overhead systems, door panels, instrument clusters and cargo storage systems for the Outlook.
Johnson Controls has been one of the few companies with a large automotive business doing well on Wall Street.
Shares were trading Friday, April 21, at $81.20. The shares have traded between $53.10 and $82.19 the past 52 weeks.
The company's financial health has been bolstered by shunning the philosophy of selling parts at a loss and making up for it in volume, said Keith Wandell, president of the company's automotive group.
Wandell made the comments at a conference sponsored by the Federal Reserve Bank of Chicago's Detroit branch last week.
The company's automotive businesses (interiors and batteries) last week reported revenue of $5.68 billion in the quarter ending March 31, up from $5.47 billion during the same quarter last year.
Operating income from those two units improved to $210 million from $202 million during the same quarter last year.
Merrill Lynch analyst John Murphy in New York says in a note to clients that Johnson Controls beat earnings per share estimates and its outlook continues to improve.
Murphy says the company's strong showing in Europe and business with Toyota Motor Corp. and Honda Motor Co. helped its interiors unit mitigate cutthroat industry conditions.
Johnson Controls, of Milwaukee, ranks No. 5 on the Automotive News list of the top 100 global suppliers with worldwide original-equipment automotive parts sales of $19.50 billion in 2004.
The company supplies seats, interior trim, batteries, electronics, cockpits and instrument panels.
The parent company also operates a building controls and management business.
You may e-mail Greg Migliore at [email protected]