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BUSINESS
September 20, 2000 | From Bloomberg News
Federal-Mogul Corp. said Chief Executive Richard Snell resigned, as the world's No. 1 maker of engine seals and bearings became the latest auto-parts supplier to say third-quarter earnings will miss forecasts. Meanwhile, Johnson Controls Inc., the world's No. 2 maker of vehicle seats and interiors, bucked the industry trend with an announcement that profit will probably exceed analyst estimates in the fourth quarter.
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BUSINESS
June 30, 2006 | From Bloomberg News
Delphi Corp., once among the world's biggest makers of automotive batteries, will leave the business after selling a plant to Johnson Controls Inc. as part of a move to focus on other auto parts. Auto battery production is one of about 10 product lines Delphi is leaving over the next year. The Troy, Mich.-based company plans to focus on niche and high-tech products after it emerges from Chapter 11 protection by mid-2007 and attempts to be competitive as a parts maker.
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BUSINESS
June 30, 2006 | From Bloomberg News
Delphi Corp., once among the world's biggest makers of automotive batteries, will leave the business after selling a plant to Johnson Controls Inc. as part of a move to focus on other auto parts. Auto battery production is one of about 10 product lines Delphi is leaving over the next year. The Troy, Mich.-based company plans to focus on niche and high-tech products after it emerges from Chapter 11 protection by mid-2007 and attempts to be competitive as a parts maker.
BUSINESS
August 25, 2005 | From Associated Press
Auto parts and industrial systems supplier Johnson Controls Inc. is buying York International Corp., which makes ventilation, air conditioning and refrigeration equipment, for about $2.4 billion. Milwaukee-based Johnson Controls said Wednesday that the deal would nearly double its presence in the growing building-environments industry. Johnson said it had offered $56.50 a share in cash for York, Pa.-based York International, a 35.3% premium above York's closing price of $41.75 on Wednesday.
BUSINESS
July 2, 1985 | DJ
Johnson Controls Inc. said it agreed in principle to acquire Ferro Manufacturing Co., a Southfield, Mich.-based maker of automotive mechanisms and accessories. Terms weren't disclosed. Johnson Controls said the acquisition is subject to a definitive agreement and to approval by Johnson Controls' board and the board and stockholders of Ferro. Johnson Controls said the acquisition will complement the recently acquired Hoover Universal automotive seating business.
BUSINESS
July 19, 1996 | Times Staff and Wire Reports
Johnson Controls to Purchase Prince Automotive: The major supplier of car seats agreed to acquire closely held Prince Automotive for $1.35 billion, bolstering its position as a worldwide supplier of car and truck interiors. Holland, Mich.-based Prince is a leader in automotive consoles, interior roofing and auto-related electronics. Milwaukee-based Johnson Controls Inc. is one of the world's two largest seating suppliers along with Lear Corp.
BUSINESS
February 12, 1995
Workers at Johnson Controls Inc.'s battery division in Fullerton and at three other plants ratified a new three-year contract agreement, the United Auto Workers union said Friday. The new contract, which expires June 20, 1997, covers about 250 workers in Fullerton and an additional 750 in Dallas, Louisville, Ky., and Middletown, Del.
BUSINESS
October 27, 1998 | From Reuters
Johnson Controls Inc. said it and a Detroit-based minority business group have established a joint venture that will supply automotive interior systems to General Motors Corp. beginning next summer. The Milwaukee-based auto supplier said 180 jobs will be created as a result of the joint venture, Bridgewater Interiors. The new company has been awarded a $900-million, five-year contract to supply GM models beginning in model-year 2000.
BUSINESS
July 10, 2000 | From Bloomberg News
Johnson Controls Inc., the world's second-largest maker of vehicle seats and interiors, on Sunday said it will buy Japanese rival Ikeda Bussan Co., a unit of Nissan Motor Co., for $185 million in cash and debt to expand in Japan. Johnson, which first entered the Japanese market in 1973, is taking the opportunity as Japan's auto makers and auto-parts companies are selling stakes to foreign rivals amid a global consolidation and reorganization.
BUSINESS
August 25, 2005 | From Associated Press
Auto parts and industrial systems supplier Johnson Controls Inc. is buying York International Corp., which makes ventilation, air conditioning and refrigeration equipment, for about $2.4 billion. Milwaukee-based Johnson Controls said Wednesday that the deal would nearly double its presence in the growing building-environments industry. Johnson said it had offered $56.50 a share in cash for York, Pa.-based York International, a 35.3% premium above York's closing price of $41.75 on Wednesday.
BUSINESS
September 20, 2000 | From Bloomberg News
Federal-Mogul Corp. said Chief Executive Richard Snell resigned, as the world's No. 1 maker of engine seals and bearings became the latest auto-parts supplier to say third-quarter earnings will miss forecasts. Meanwhile, Johnson Controls Inc., the world's No. 2 maker of vehicle seats and interiors, bucked the industry trend with an announcement that profit will probably exceed analyst estimates in the fourth quarter.
BUSINESS
July 10, 2000 | From Bloomberg News
Johnson Controls Inc., the world's second-largest maker of vehicle seats and interiors, on Sunday said it will buy Japanese rival Ikeda Bussan Co., a unit of Nissan Motor Co., for $185 million in cash and debt to expand in Japan. Johnson, which first entered the Japanese market in 1973, is taking the opportunity as Japan's auto makers and auto-parts companies are selling stakes to foreign rivals amid a global consolidation and reorganization.
BUSINESS
October 27, 1998 | From Reuters
Johnson Controls Inc. said it and a Detroit-based minority business group have established a joint venture that will supply automotive interior systems to General Motors Corp. beginning next summer. The Milwaukee-based auto supplier said 180 jobs will be created as a result of the joint venture, Bridgewater Interiors. The new company has been awarded a $900-million, five-year contract to supply GM models beginning in model-year 2000.
BUSINESS
September 2, 1998 | From Associated Press
A former employee at Johnson Controls was awarded $23.3 million in damages after a Los Angeles jury ruled he was wrongfully fired because he reported unethical business practices. Nabil Darghous claimed in his lawsuit, filed in Los Angeles Superior Court, that he was harassed after he went to his bosses to report suspected kickbacks, sexual harassment and prostitutes being hired at overseas projects. Johnson Controls, a thermostat control maker based in Milwaukee, was ordered to pay Darghous $6.
BUSINESS
July 19, 1996 | Times Staff and Wire Reports
Johnson Controls to Purchase Prince Automotive: The major supplier of car seats agreed to acquire closely held Prince Automotive for $1.35 billion, bolstering its position as a worldwide supplier of car and truck interiors. Holland, Mich.-based Prince is a leader in automotive consoles, interior roofing and auto-related electronics. Milwaukee-based Johnson Controls Inc. is one of the world's two largest seating suppliers along with Lear Corp.
BUSINESS
February 12, 1995
Workers at Johnson Controls Inc.'s battery division in Fullerton and at three other plants ratified a new three-year contract agreement, the United Auto Workers union said Friday. The new contract, which expires June 20, 1997, covers about 250 workers in Fullerton and an additional 750 in Dallas, Louisville, Ky., and Middletown, Del.
CALIFORNIA | LOCAL
January 14, 1989 | SHAWN MAREE SMITH, Times Staff Writer
A Superior Court jury has awarded a Redding couple $9.7 million after determining that a battery manufacturer knowingly distributed defective batteries, one of which exploded when the husband tried to help a couple jump-start their car. The jury awarded general damages of $3.2 million on Thursday and punitive damages of $6.5 million on Friday to Gary and Mona Jones after finding that Johnson Controls Inc., manufacturer of the Die-Hard battery, and Sears Roebuck & Co. Inc.
BUSINESS
August 12, 1994 | CHRIS WOODYARD, TIMES STAFF WRITER
In a major victory for forces seeking to keep businesses in Orange County, Johnson Controls Inc. has decided not to move an automotive battery plant--and 280 jobs--from Fullerton, officials said Thursday. A team of executives from the Orange County Economic Development Consortium have been meeting with Johnson managers and union representatives during the summer to find ways that the company can cut its energy costs and meet environmental regulations.
BUSINESS
August 12, 1994 | CHRIS WOODYARD, TIMES STAFF WRITER
In a major victory for forces seeking to keep businesses in Orange County, Johnson Controls Inc. has decided not to move an automotive battery plant--and 280 jobs--from Fullerton, officials said Thursday. A team of executives from the Orange County Economic Development Consortium have been meeting with Johnson managers and union representatives during the summer to find ways that the company can cut its energy costs and meet environmental regulations.
NEWS
October 11, 1990 | DAVID G. SAVAGE, TIMES STAFF WRITER
The Supreme Court reacted skeptically Wednesday to a company's claim that it can exclude all young women from its battery plants to protect their potential offspring. "It seems to me you are not coming to grips with the Pregnancy Discrimination Act," Justice Sandra Day O'Connor told an attorney for the Johnson Controls Co. Justice Antonin Scalia chimed in, saying that Johnson Controls was turning the anti-discrimination law "into a dead letter, a farce."
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