johnson controls

Johnson Controls isn't taking the bankruptcy sale of A123 Systems to the Chinese company Wanxiang lying down. Wanxiang won the bankruptcy court sale for $256 million on December 11 and, today, Johnson Controls has filed an appeal against the sale because it "objects to delay in payment of ...

Bankrupt lithium-ion battery maker A123 Systems may have gained a new owner, but will lose a lot of money in the pending sale to China-based Wanxiang Group, Reuters reports, citing an unidentified US Energy Department official. Specifically, A123, which filed for bankruptcy in October, will ...

Let the bidding begin. In a few weeks, of course. A123 Systems will likely receive offers from at least four companies when the bankrupt lithium-ion battery pack maker starts receiving bids on December 6. Johnson Controls and China-based Wanxiang Group Corp. will likely be the lead bidders, ...

Think of it as a refi going to the highest bidder. Bankrupt lithium-ion battery maker A123 Systems is looking to access a $50 million loan from China-based auto-component maker Wanxiang, which is offering terms at an interest rate that's three percentage points lower than competing bidder ...

Something interesting happened after A123 Systems filed for bankruptcy last week: the plug-in vehicle industry circled the wagons. AutoblogGreen received press releases and statements from a variety of electric vehicle (EV) players that, when taken as a whole, seem to indicate this particular ...

For companies such as Johnson Controls, Inc., there are opportunities to be had supplying advanced batteries for hybrids and electric vehicles. But where do all those advanced lithium batteries – and the older ones being pulled out today's hybrids – end up? Regulators, ...

Shanghai Johnson Controls International Battery has been in the spotlight after at least ten children were reportedly hospitalized in Shanghai's Kangqiao Industrial Zone due to ultra-high levels of lead in their blood. Initial reports suggest it was Johnson Controls' lead-acid battery production ...

Johnson Controls announced Wednesday that it's investing $100 million to construct a stop-start automotive battery factory in China. The facility will supply global and local automakers in Asia and is expected to gear up for production in early 2013. Kim Metcalf-Kupres, vice president strategy, ...

Last week, Johnson Controls and Saft announced that they have agreed to dissolve their joint lithium-ion motive battery joint venture that they formed back 2006. The parties' agreement to terminate their tie up will put an end to legal proceedings between the two firms. Under the terms of the ...

Yesterday, President Obama visited the Johnson Controls advanced battery manufacturing plant in Holland, MI (pictured) and talked about how cleaner cars will add jobs to the American economy. The White House blog chimed in, saying that there is a direct connection between the new fuel efficiency ...