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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
Posted in alternative fuels, auto news, economy, electric vehicles, fuel economy or emissions
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, Brookfield Business Partner, connected vehicles, johnson controls, Ken Zino, lithium-ion battery cells and systems, new vehicle reviews, Toshiba Infrastructure Systems & Solutions
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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
Bosch Finishes Largest Acquisition in Its History
The Bosch Group said today that it completed the largest acquisition in its history. The purchase of the residential and light commercial heating, ventilation and air conditioning (HVAC) business from Johnson Controls, and the acquisition of the Johnson Controls-Hitachi Air Conditioning joint venture. They were completed as scheduled on 31 July. The contracts were signed roughly one year ago. The purchase price of 8 billion U.S. dollars (~€7.4 billion) is subject to customary adjustments.
“The entire HVAC industry is in a state of upheaval, and the market and technologies are changing. Bosch is systematically taking advantage of its opportunities and is now moving up to the Champions League in the heating, ventilation, and air conditioning solutions business,” said Stefan Hartung, chairman of the Bosch board of management. Continue reading →