Johnson Controls Inc.
Johnson Controls International plc's former power solutions unit is now called Clarios, following the sale to private equity firm Brookfield Business Partners LP.
Johnson Controls International PLC is selling its power solutions business, which makes car batteries, to private equity firm Brookfield Business Partners LP for $13.2 billion in cash.
When Doug DelGrosso becomes automotive seating supplier Adient's CEO on Oct. 1, he won't have to start his turnaround of the struggling seat maker from scratch.
Johnson Controls Inc. has imposed a fall deadline on deciding what to do with its Power Solutions business. But at least publicly, it is keeping all options open for one of the industry's biggest battery sources.
Adient plc's more than $36 million investment to move its headquarters to Detroit was a mistake.
Adient has canceled plans to move into a historic Detroit building, and instead will remain in its current Plymouth, Mich., headquarters
Former General Motors CEO Fritz Henderson has been named interim CEO of seating supplier Adient. Henderson steered GM through its government-led bankruptcy in 2009.
Parts makers are splitting in two, separating self-driving operations from drivetrain business units, old technologies from new, or selling off divisions deemed inessential for growth in the new era of electrified, connected and autonomous vehicles.
Johnson Controls International plc is exploring options for its power solutions business, which in 2016 produced 152 million lithium-ion and lead-acid batteries annually for automakers and aftermarket distributors.
Lithium ion batteries may be the technology of choice for electrified cars, but lead-acid batteries still have a big role to play.
| 1 | |
| 2 | |
| 3 | |
| 4 | |
| 5 |