Latest Johnson Controls Stories
MILWAUKEE, Oct. 30, 2012 /PRNewswire/ -- For the fiscal 2012 fourth quarter, Johnson Controls (NYSE: JCI) reported a net loss of $8 million, or $0.01 per share, on $10.4 billion in revenues. Excluding restructuring and non-recurring items in the 2012 and 2011 fiscal fourth quarters, highlights include: Net revenues of $10.4 billion vs. $10.8 billion in Q4 2011, down 4 percent Excluding the impact of foreign exchange, revenues increased 1 percent Income from business segments of...
MILWAUKEE, Oct. 26, 2012 /PRNewswire/ -- In collaboration with A123, Johnson Controls has chosen not to be the debtor-in-possession (DIP) lender during A123's bankruptcy process to avoid potential delays posed by threatened legal actions from Wanxiang. The parties believe this move is in the best interest of the estate by ensuring an efficient process that will best preserve value for creditors, employees and customers. "We are concerned that back-and-forth posturing by other...
MILWAUKEE, Oct. 22, 2012 /PRNewswire/ -- Johnson Controls, Inc. (NYSE: JCI) today announced details of its planned fourth quarter restructuring activities and the financial impact associated with adoption of a new pension / post-retirement benefits accounting policy. The company disclosed in July 2012 its intention to take additional restructuring actions in the fourth fiscal quarter and to adopt a new mark-to-market accounting method that recognizes pension / post-retirement...
WALTHAM, Mass., Oct. 19, 2012 /PRNewswire/ -- A123 Systems, Inc. (Nasdaq: AONE) ("A123" or "the Company"), a developer and manufacturer of advanced Nanophosphate® lithium iron phosphate batteries and systems, today announced that yesterday the United States Bankruptcy Court for the District of Delaware (the "Court") granted the Company's request for certain "first day" orders that help support its business. The Court granted A123 interim approval to use $15.5 million of its...
TROY, Michigan, October 18, 2012 /PRNewswire/ -- Keynote speeches delivered by Mr. Lawrence Geise, Chief Engineer and Division Director of Body and Interior Design, Honda R&D Americas and Prof. Frank Henning, Head of Polymer Engineering, Fraunhofer ICT (Germany) will outline the sustainable mobility trends and pressures for lightweight vehicle design (CAFE standards in the U.S.) and the technologies that will enable large scale manufacturing of automotive composites. The...
WASHINGTON, Oct. 16, 2012 /PRNewswire-USNewswire/ -- Brian Wynne, president of the Electric Drive Transportation Association (EDTA), issued the following statement in response to today's announcement about Johnson Controls purchasing A123 Systems' automotive business assets: "Consolidation is an expected market force in all emerging industries, especially one as dynamic as the global electric drive market. Advanced battery technology powers the electric drive industry, increasing the...
WALTHAM, Mass., Oct. 16, 2012 /PRNewswire/ -- A123 Systems, Inc. (Nasdaq: AONE) ("A123" or "the Company"), a developer and manufacturer of advanced Nanophosphate® lithium iron phosphate batteries and systems, today announced that it has entered into an asset purchase agreement with Johnson Controls, Inc. (NYSE: JCI) in a transaction valued at $125 million. Under the terms of the agreement, Johnson Controls plans to acquire A123's automotive business assets, including all of its...
MILWAUKEE, Oct. 15, 2012 /PRNewswire/ -- Johnson Controls, Inc. (NYSE: JCI), a global diversified company in the buildings and automotive industries, announces the following webcast: What: Johnson Controls Fourth Quarter 2012 Earnings Conference Call When: Tuesday, Oct. 30, 2012, at 11 a.m. Eastern Daylight Time How: Live over the Internet -- Log on to the Web at www.johnsoncontrols.com/investors. Note: A slide presentation will be available that morning for...
WASHINGTON, Oct. 15, 2012 /PRNewswire-USNewswire/ -- Members of the Suppliers Partnership for the Environment (SP) - an innovative collaboration between automotive original equipment manufacturers (OEMs), their suppliers and the US Environmental Protection Agency (EPA) working to green the automotive supply chain - led a breakout session at the 2012 Southern Automotive Conference (SAC) in Chattanooga, TN last week on integrating sustainability into manufacturing performance. (Photo:...
WASHINGTON, Oct. 8, 2012 /PRNewswire/ -- The Wireless Power Consortium (WPC) today announced it approved a series of guidelines for Qi (pronounced "chee") wireless chargers intended for automotive aftermarket use. Products meeting the guidelines will be able to include the description, "Meets Qi Automotive Aftermarket Guidelines" along with the Qi logo. (Logo: http://photos.prnewswire.com/prnh/20110927/CG76018LOGO) Powered by a charging ecosystem of more than 110 certified...
