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Future vehicles will arrive as standard with advanced start-stop systems and Johnson Controls knows this fact very well. As a result, the company announced that it will introduce at the 2015 North American International Auto Show (NAIAS) a Lithium Titanate battery. The battery will offer company’s latest 12-volt technology, which is a collaboration with Toshiba, will be used exclusively for Advanced Start-Stop vehicles.
According to the official press release, the Lithium Titanate chemistry is effective at quickly recharging and works well in a wide range of temperatures. What’s more interesting is that it can be integrated into a vehicle’s 12-volt electrical system.
For those who don’t know, the Advanced Start-Stop system features two batteries, a 12-volt Absorbent Glass mat (AGM) or Enhanced Flooded Battery (EFB), which starts the engine and supplies power to accessories such as lights, navigation systems and radios.Read the entire article Johnson Controls shows its Lithium Titanate Battery for Advanced Start-Stop vehicles
Johnson Controls Inc. posted a 3-percent surge in revenues in the quarter ended June 30, 2014 to $10.8 billion, thanks to growing demand for its car seats. The supplier’s automotive business has been booming, thanks to strong demand in China, which accounted for around 32 percent of the division's $5.7 billion in revenue in the period.
However, the company saw its revenues from its cooling and heating systems business drop 4 percent in the third quarter, no thanks to lower demand from the Middle East and North America.
Johnson Controls said it expected its cooling and heating systems business to return to growth in the current quarter ending Sept. 30, 2014, bannered by a low single-digit revenue gain.Read the entire article Johnson Controls logs 3% hike in revenues for quarter ended June 30
Johnson Controls Inc. posted a 59-percent surge in profit in the first quarter of 2014 to $261 million, or 39 cents per share, as sales of auto parts like car seats were boosted by higher vehicle production in key markets. The company said that auto industry production surged 5 percent in North America, 5 percent in Europe and 9 percent in China in the first quarter of 2014.
Excluding items, first-quarter earnings were 66 cents per share, surpassing the average analyst estimate by 1 cent. Johnson Controls’ automotive unit logged an 11-percent rise in first-quarter sales to $5.62 billion, which represented over half of the company’s total revenue.
Johnson Controls posted a 4-percent rise in revenues to $10.46 billion. Analysts had expected $10.68 billion, according to Thomson Reuters I/B/E/S. Johnson Controls has been reducing its dependence on the automotive industry; it has already divested its automotive electronics operations and has been exploring options for its car interiors business.Read the entire article First-quarter profit at Johnson Controls jumps 59% to $261 million
Johnson Controls Inc. posted 30-percent hike in net profit for its first fiscal quarter to $469 million or 69 cents per share. A year ago, net profit was $359 million, or 52 cents per share. Revenue at the supplier surged 5 percent to $10.91 billion, exceeding expectations of analysts surveyed by Thomson Reuters I/B/E/S of $10.73 billion.
"The significant improvement in profitability resulted from our focus on execution and cost discipline,” chief executive Alex Molinaroli said in a statement. He added that Johnson Controls also benefitted from the higher levels of global automotive production. Johnson Controls produces car interiors, seating systems, and batteries.
A larger part of Johnson Controls' overall revenue came from its automotive segment, which revenue surged 10 percent to $5.76 billion thanks to stronger demand for vehicles around the world. Auto industry production jumped 10 percent in North America, 2 percent in Europe and 14 percent in China, Johnson Controls said.Read the entire article Johnson Controls logs 30% net profit rise in 1st fiscal quarter
Johnson Controls Inc. is holding talks with private equity firms over selling its automotive electronics unit, after buyout bids from rival suppliers collapsed, several people familiar with the matter told Reuters. Parties interested in acquiring the unit became disappointed with the unit after it failed to perform as the industry bidders expected.
This prompted Johnson Controls to hold talks with a broader group of buyers, sources told Reuters, noting that the company had not included private equity firms earlier in the auction process. The sources added that US auto parts makers Visteon Corp. and Delphi Automotive are still interested in acquiring Johnson Controls’ automotive electronics unit, which is valued at around $1 billion.
Huayu Automotive Systems Co. is also interested in buying the unit. In an e-mail sent to Reuters, Johnson Controls said it has been marketing its electronics business for divestiture, adding that it has received strong interest from multiple strategic buyers.Read the entire article Johnson Controls in unit sales talks with private equity firms
The quarterly profit of Johnson Controls Inc., largest U.S.-based auto parts supplier, fell by 17%. It also expects to suffer even more declines. Johnson Controls, which manufactures car interiors and batteries, said that the declines are due to the weakness in Europe. Thomson Reuters said that Johnson Controls is expected to make a profit of 40 cents to 42 cents per share for the present quarter that ends March 31, below analysts' expectations of 51 cents.
In a statement, Johnson Controls said that its forecast reflects the present status of the European automotive production environment as well as that of short-term delays in flexing labor in the region. Johnson Controls is keeping ts full-year outlook of higher profit and sales. The shares of Johnson Controls fell 3% to close the day at $31.
In October, the company said that weaker business in Europe would significantly reduce its profit in the first half. The restructuring actions started in the latter part of 2012 are predicted to increase profit in the second half. For the first fiscal quarter that ended Dec. 31, the net income decreased to $354 million, or 52 cents per share, from $424 million, or 62 cents per share, the previous year. Meanwhile, revenue had a marginal increase to $10.42 billion. On average, analysts expected earnings of 51 cents per share and revenue of $10.26 billion.Read the entire article Johnson Controls sees a 17 percent drop in its quarterly profit
Even as Wanxiang Group Co. won the bid to acquire most of the bankrupt assets of A123 Systems Inc. for $256.6 million, the rival bidder Johnson Controls Inc. still keeps its interest in A123's automotive assets (which include its plants in Livonia and Romulus). Alex Molinaroli, president of JCI's power solutions business unit, said that this is because the U.S. government could still move to nullify the bid of Wanxiang (China's largest auto supplier).
The U.S. Department of Energy, which has given $132 million of a $249.1 million federal grant to A123, reasoned that it has liens on the property and equipment. And so, the Committee on Foreign Investment in the U.S. would first need to approve Wanxiang’s bid for Waltham, Mass.-based A123.
The Chinese supplier wasn’t able to secure CIFIUS' approval on a $465 million pre-bankruptcy agreement to purchase 80% of A123, which compelled an insolvent A123 to enter bankruptcy last October. Molinaroli said that it appears that if the government was ever going to approve Wanxiang’s bid, it should have occurred before bankruptcy so that they would have been able to avoid the mess.Read the entire article Johnson Control still interested in A123 System although Wanxiang Group won the auction
Johnson Controls Inc. posted a 17-percent year-on-year increase in net income for the fiscal quarter that ended June 30, 2012, to $417 million. Johnson Controls posted a per-share profit of 64 cents following the exclusion of $52 million in pretax restructuring costs and a one-time tax benefit of $22 million.
The company’s per-share profit is a tad lower than the 64 cents per-share profit average estimate of 28 analysts surveyed by Bloomberg. Johnson Controls posted a 2-percent increase in revenues for the fiscal quarter ended June 30, 2012, to $10.6 billion, compared with an average estimate of $10.9 billion.
The company lowered its profit forecast for the fiscal fourth quarter ending Sept. 30, 2012, due to "softness" in its "global markets" and a lower euro. Johnson Controls had forecasted a 25-percent growth in profit for the fiscal fourth quarter ending Sept. 30, 2012, but changed its predictions to a range of unchanged to a 5-percent increase.Read the entire article Johnson Controls logs 17% hike in net income in fiscal quarter ended June
Automotive supplier Johnson Controls Inc. was awarded $5.48 million by the U.S. Advanced Battery Consortium for a contract to continue developing lithium ion battery technology for plug-in hybrid vehicles. This contract, which is co-funded by the U.S. Department of Energy, is intended to aid in the completion of the work that started under former contracts.
The deal includes a 50% cost-share by Johnson Controls. This program, which is for 24 months, seeks to improve energy density in lithium ion batteries to lower cost, volume and mass. Work will be accomplished at the Battery Technology Center of Johnson Controls in Milwaukee or its lithium ion manufacturing facility located in Holland, Mich.
This consortium is a division of the U.S. Council for Automotive Research whose members include Chrysler Group, Ford Motor Co. and General Motors. In a statement, Steve Zimmer, executive director of USCAR, said last Monday that these programs are necessary to press forward with the technology required to meet both near- and long-term goals that will allow for a wide spectrum of vehicle electrification and alternative-fuel hybridization.Read the entire article Johnson Controls receives a $5.48 million battery contract
Lithium-ion battery systems are made more cost-efficient and versatile with the next-generation low profile prismatic lithium-ion cells and submodules from Johnson Controls Power Solutions. This new technology intended for hybrid and electric powertrains will be seen at the 2012 Geneva Motor Show.
Johnson Controls will be showing off its prowess in making batteries, ranging from Start-Stop batteries to the prismatic lithium-ion cells used on hybrid and electric cars. Stefan Suckow, the managing director at Johnson Controls, said that at the Pavillon Vert in Geneva, the company will prove its commitment to sustainability.
He added its next generation energy storage solutions will result to higher fuel efficiency in cars, a perfect fit in this special “green” area in Geneva. Suckow said that the company wants to produce more affordable lithium-ion batteries with the target of a mass-market launch.Read the entire article Johnson Controls to present next-generation energy storage solutions in Geneva
The quarterly earnings of diversified auto parts supplier Johnson Controls Inc. increased by 9.3% but it had lowered its outlook for the approaching year. Through a statement, Johnson Controls revealed that it had a net income of $410 million, or 60 cents a share, in the fiscal first quarter. This is higher than the previous year when it posted $375 million, or 55 cents a share.
CEO Stephen Roell said that revenue increased by 9% to $10.4 billion. Its growth in the first (fiscal) quarter is “evidence of continued market share gains” as it sustainably does better than its underlying industries.
Roell added that steps have been taken to have a better execution and resources were added to boost quality and productivity. At the same time, the company continues to invest so that it could support its worldwide growth and margin expansion opportunities. Johnson Controls, which manufactures auto interiors and batteries as well as builds efficiency systems, estimates that its second fiscal quarter earnings will be at 52 cents to 54 cents a share.Read the entire article Johnson Controls’ quarterly earnings increased by 9.3%
A 45.8 million euros ($61.3 million) state aid for Johnson Controls Inc. and eight other manufacturers that intend to invest in Slovakia has been approved by its government. Last Wednesday, the Cabinet had its meeting in the Slovak capital Bratislava where it granted tax breaks and cash subsidies amounting to 5.7 million euros in exchange for increasing production in Namestovo, northern Slovakia, and resulting to the creation of 251 jobs.
Johnson Controls, which is based in the U.S., supplies auto interiors. Johnson Controls intends to invest around 19 million euros in the project. Slovakia is hoping to bring in foreign investment so that jobs could be preserved at a challenging time when the growth in the economy is slowing down with the widening of the reach of the euro-region's debt crisis.
These projects are primarily in the electronics and car making industries, which are the key export sectors in Slovakia. The nine projects will result to the creation of 1,674 jobs in total. They all stand for a total investment of 222 million euros. Johnson Controls places seventh on the Automotive News Europe list of the top 100 global suppliers. Its global auto sales amounted to $16.6 billion in 2010. Around 49% of which were made in Europe. [source: BusinessWeek]Read the entire article Johnson Controls and other to get 45.8 million euros to invest in Slovakia
Johnson Controls Inc., the biggest automobile supplier in the United States, gained 5.2 percent after predicting per-share profit and revenue growth for the 2012 fiscal year. On Wednesday, Johnson Controls stocks increased to $31.72 at the close in New York. The company's share has fallen 17 percent this year.
Profit per share during the year ended September 30, 2012, will be $2.85 to $3, including 9 cents to finance pensions and combine a lithium-ion battery partnership -- an increase of around 23 percent from fiscal year 2011. The average approximation of 22 analysts that Bloomberg has interviewed is for a profit of $3.11 a share, not including the one-time items.
Analyst David Leiker from Milwaukee-based Robert W. Baird & Co. commented that the guidance of at least 20 percent earnings growth "is much better" compared with what is priced into the stock. Sales will be around $44.2 billion, in comparison with the average estimate of 20 analysts of $44.6 billion, Johnson Controls revealed on Wednesday prior to its investor day conference in New York.Read the entire article Johnson Controls stocks increased to $31.72 after forecasting revenue growth
Johnson Controls Inc. has gained the approval of the European Commission to acquire Keiper, a Germany-based seating expert, and its specialty seat business, Recaro. According to the company's statement, the Commission has signed off of the agreement on June 17. The acquisition enhances the company's seating business, especially in Europe, as it follows its purchase of another German seat specialist, C. Rob. Hammerstein Group, earlier this 2011
Beda Bolzenius, Johnson Controls vice president, disclosed that the acquisition will give the company a comprehensive range of products in terms of seating components. He added that this endeavor further complements the acquisition of C. Rob. Hammerstein as well as its existing metals business.
The financial details of the company's acquisition of Keiper/Recardo were not disclosed. Johnson Controls is looking into leveraging the purchase across its seat component portfolio, and expand in North America and China.Read the entire article Johnson Controls to acquire German seating expert Keiper, Recaro
Saft Groupe SA has signified its opposition to the first steps that Johnson Controls Inc. has taken to dissolve their lithium ion battery joint venture.
In a press release, Johnson Controls President Alex Molinaroli said that it has filed a motion with the Delaware’s Court of Chancery to terminate the partnership so that it could pursue technologies aside from its deal with Saft to make advanced lithium-ion batteries.
Molinaroli said that what Johnson Controls and Saft have is a “fundamental disagreement about the future direction and appropriate scope of the joint venture.”Read the entire article Johnson Controls wants to dissolve lithium ion battery joint venture with Saft
For fiscal year 2011, Johnson Controls Inc. reported higher quarterly earnings and raised its revenue forecast mainly because the euro is getting stronger and as there are higher growth estimates for its building efficiency unit.
During the second fiscal quarter that ended March 31, JCI posted a net income of $354 million, or 51 cents per share. This is a marked increase from $274 million, or 40 cents per share, posted the previous year.
Thomson Reuters said that excluding one-time costs related to acquisitions, JCI earned 56 cents per share. This is a bit better than the 55 cents per share analysts, on average, had anticipated.Read the entire article Johnson Controls reports higher quarterly earning, raises revenue forecast
With the automotive and buildings markets recovering, Johnson Controls Inc.’s sales were up at a record high in the first fiscal quarter, with revenue rising 13% over the same period a year ago. Its revenue climbed to $9.5 billion, compared with $8.4 billion during its first quarter last year.
The company posted a 7% increase in net income to $375 million or 55 cents a share, compared with a net income of $350 million during the same quarter last year. JCI's automotive business unit recorded a 12% increase in revenue in the quarter to $4.6 billion, compared with $4.1 billion last year.
This increase is attributed to higher production levels as well as the launch of new automotive seating and interiors programs. The automotive business segment had an income of $177 million in the current quarter, a 46% increase from $121 million during the same quarter last year.Read the entire article Johnson Controls reported record sales in its first fiscal quarter
Johnson Controls unveiled the ie:3 Concept vehicle at the 2011 Detroit Auto Show, a fully electric vehicle based on the popular small car segment designed for automakers that seek interior and battery solutions.
The new ie:3 Concept debuts Johnson Controls-Saft's next-generation, low-profile lithium-ion battery pack – a unique, self-contained system that is integrated easily into the vehicle in a small space under the floor.
According to the manufacturer, the new prismatic format cell achieves greater packaging efficiency and uses less space in the car, which means more space for the passengers.Read the entire article 2011 Detroit Auto Show: Johnson Controls ie:3 Concept
As part of efforts to boost its seating business, Johnson Controls Inc. has signed an agreement to acquire German seating expert Keiper and its specialty seat business Recaro. The financial terms of this deal were not released. This deal is actually the second seating-related acquisition by Johnson Controls in Germany for the past month.
Based in Kaiserslautern, Germany, Keiper is a leader in the production of recliner system technology. Johnson Controls said that the acquisition will affect about 4,750 employees in seven countries.
Keiper and Recaro have combined annual revenues of nearly $1 billion, according to Keiper spokesman Tilman Schafer. Volkswagen, Mercedes-Benz and General Motors are among Keiper’s customers.Read the entire article Johnson Controls signs agreement to buy German seating experts Recaro, Keiper
Johnson Controls Inc. says that it has agreed to acquire German seat specialist maker C. Rob Hammerstein Group. The purchase will boost JCI's market share for seats in Europe by giving access to CRH customers like BMW AG and Daimler AG's Mercedes-Benz. JCI does most of its business in Europe. The merger also plans to develop lightweight seats for future vehicles.
Automakers are pressured to make their cars more fuel efficient ahead of tougher emissions rules. In the new standards that start to take effect in Europe in 2012, suppliers have been asked to reduce the weight of their components since lighter cars need less powerful, more-efficient engines.
Beda Bolzenius, JCI vice president and president of Johnson Controls Automotive Experience says the CRH acquisition will enhance JCI's seat product offering as it will advance its strong market position through global manufacturing capabilities, innovation and further optimization of its portfolio.Read the entire article Johnson Controls signed an agreement to acquire seat specialist C. Rob Hammers Group
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