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Johnson Controls Bids for Visteon Businesses
Keywords:
Tags: Automobiles,
Johnson Controls offered $1.25 billion for Visteon's auto interiors and electronics businesses. Visteon is reorganizing under Chapter 11 protection. Johnson Controls CEO, Roell, says the combined operations would give global scale and complementary capabilities. For Johnson Controls there are particular advantages to combining the Visteon operations in China with its own operations there, resulting in scale and combined revenues for China of $7 billion. Johnson Controls says Visteon's main customer and joint venture partner support the acquisition.
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Auto parts companiy formerly connected with Ford Motor Company that is reorganizing under Chapter 11.
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Grouped Articles
Johnson Controls' Next Boss Would Pare Auto-Parts Units
Wall Street Journal 08/09/2013
Johnson Controls Tells Critics Take a Seat
Wall Street Journal 01/20/2014
Johnson Controls Considers Spinning Off Car Parts Unit
New York Times 06/10/2015
Johnson Controls to Spin Off Automotive Business
Wall Street Journal 07/25/2015
Johnson Controls Said to Be in Advanced Talks to Combine With Tyco
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Tyco Merger Will Shift Johnson Controls’ Tax Liability Overseas
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