Mexican Media Brands
JCI to Decide Fate of Its Battery Business by November
Johnson Controls International plc says it is giving itself three more months to decide what to do with its battery business.
Share
Johnson Controls International plc says it is giving itself three more months to decide what to do with its battery business.
The company’s Power Solutions unit, which makes lead-acid starter batteries for vehicles, has been under strategic review since March. Sources have told Bloomberg News that several investor groups are interested in bidding on the unit, which is JCI’s only remaining auto-related business.
CEO George Oliver told analysts three weeks ago that the unit is positioned to gain market share and posted a 14% gain to $1.8 billion in sales in the April-June fiscal quarter. The unit generates one-quarter of JCI’s revenue
Analyst say the Power Solutions business could fetch $10 billion in a sale. JCI sold its seating business, now named Adient, in 2016 and relocated its fiscal headquarters to Dublin, Ireland.
RELATED CONTENT
-
When Automated Production Turning is the Low-Cost Option
For the right parts, or families of parts, an automated CNC turning cell is simply the least expensive way to produce high-quality parts. Here’s why.
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
-
Cobots: 14 Things You Need to Know
What jobs do cobots do well? How is a cobot programmed? What’s the ROI? We asked these questions and more to four of the leading suppliers of cobots.
