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Johnson Controls to Sell Power Solutions for $13.2 Billion
Johnson appears to be selling a profitable business unit with a bright future in order to bolster other businesses. Continue reading
Johnson Controls to Build $100 Million Battery Plant in China
Johnson said it plans to produce an annual capacity of 2.4 million batteries by 2015 for local and global automakers. The U.S. based company, which fired about half of its U.S. automotive plant workers during the Great Recession to cut costs, said it is considering several potential locations for the new plant and expects to make a final decision in the coming months. Continue reading
Johnson Controls and Toshiba Link on Lithium-Ion Batteries
Dual-battery vehicles are projected to be the fastest-growing form of electrification and by 2025 will account for approximately 20% of new vehicles built globally, according to IHS, Markit. Continue reading →