PwC Says 2018 a Big Year for Big Deals
According to a new study of deals in the auto industry in 2018—as in acquisitions—conducted by PwC, even though the deal volume (903 for the year) was flat compared with 2017, the total deal value—$97.5-billion—was up 101 percent compared to 2017, in large part because nearly all of the acquirers “were focused on product expansion (buyers better positioning themselves for the vehicles of the future) or driving economies of scale.” Of the deals, there were what PwC describes as “mega-deals,” which were valued at $5-billion and over.
Gary S. Vasilash
Transportation Editor, Gardner Business Media
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Clarios Taps Mark Wallace as New CEO
Former Dana exec to help position battery maker for electrified future
Four Auto Companies Rank Among the World's Most Ethical
GM and Cooper Standard make the list for the first time, joining long-running honorees Aptiv and Cummins
Adient Refocuses on Core Seating Business
Restructures joint ventures with Yanfeng, divests Recaro unit
Autoliv Names New CFO
Autoliv Inc. has appointed Fredrik Westin to take over as chief financial officer and executive vice president of finance by the end of February.
Former JCI Battery Unit Relaunched as Clarios
Brookfield Business Partners LP has completed its $13.2 billion purchase of Johnson Controls International Inc.’s Power Solutions battery unit and renamed it Clarios.
Adient Dismisses Two Senior Executives
Adient plc, formerly the automotive seating and interiors business of Johnson Controls Inc., has removed two top executives who headed its engineering, manufacturing, quality, supply chain, innovation and marketing operations.
Adient Seats Awarded
Adient, the company previously known as the “Johnson Controls Automotive Division,” has done exceedingly well in the J.D.
Gary S. Vasilash
Transportation Editor, Gardner Business Media
IAC Beefs Up Leadership Team
Interiors specialist International Automotive Components Group has hired four executives as part of a realignment that adds new chief technical officer and chief supply chain officer positions.
Power Solutions, Toshiba Partner on “Dual-Battery” System
Johnson Controls International plc’s Power Solutions unit, which is in the process of being sold, and Toshiba Infrastructure Systems & Solutions Corp. have agreed to make low-voltage dual-battery systems.
JCI Inks Deal to Sell Battery Business
Johnson Controls International plc has agreed to sell its Power Solutions battery business to Toronto-based investment firm Brookfield Business Partners LP and its institutional partners for $13.2 billion.
Reports: JCI Close to Selling Battery Unit
Johnson Controls International plc is finalizing a deal to sell its Power Solutions battery business to Brookfield Asset Management Inc., according to multiple media reports.
Adient Names DelGrosso as CEO
Struggling auto interiors supplier Adient plc has chosen Douglas DelGrosso to take over as CEO on Oct. 1.
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.
Adient Emerges
This long-time interior supplier is now a brand-new company that’s looking at things in a whole different way.
Gary S. Vasilash
Transportation Editor, Gardner Business Media
Tenneco Names CEOs for Spinoff Companies
Tenneco Inc. has named CEOs to lead the company’s powertrain unit and aftermarket and rider performance business when the two operations spin off as independent companies next year.
Adient Drops Plan to Move Headquarters to Detroit
Automotive interiors supplier Adient plc has scrapped plans to relocate its operational headquarters to a historic building in downtown Detroit from its current location in suburban Plymouth.
Former GM Exec Henderson Named Interim CEO at Adient
Fritz Henderson, the General Motors Co. executive who succeeded Rick Wagoner as CEO in 2009, has been appointed interim CEO of Dublin-based vehicle interiors supplier Adient plc.
Fire Damages Adient’s New Detroit HQ
A building in downtown Detroit that Adient plc is remodeling to be its headquarters caught fire early Friday morning.
JCI Ponders Future of Its Battery Business
Johnson Controls International plc says it is conducting a strategic review of its $7.3 billion-per-year battery business that could lead to a sale or spinoff.
Adient to Open India Test Facility
Plymouth, Mich.-based seating giant Adient plc has broken ground on a prototyping and testing facility in Pune, India.
Adient, Diesels and Artificial Intelligence
Did you ever wonder about how interior designers go about developing seats for vehicles?
Gary S. Vasilash
Transportation Editor, Gardner Business Media
Yanfeng Opens New North American Headquarters
Shanghai-based Yanfeng Automotive Interiors officially opened its new North American headquarters in Novi, Mich., this week.
Adient, Autoliv Team Up on Self-Driving Car Interiors
Adient plc and Autoliv Inc. are collaborating on seating and other interior systems for autonomous vehicles.
Yanfeng to Move Michigan Headquarters to Novi
Shanghai-based Yanfeng Automotive Interiors plans to move its North American headquarters from Plymouth, Mich., to nearby Novi.
Self-Seating at Your Service
Adient plc, the renamed seating business spun off by Johnson Controls Inc. last year, has developed a seating concept for fully autonomous cars that incorporates some upcoming production technology.
Adient Picks Detroit for Global Headquarters
Adient plc, the former automotive seating business of Johnson Controls Inc., will establish its global headquarters in Detroit’s historic Marquette Building.
Adient Finalizes Split from Johnson Control
Seating supplier Adient plc has begun trading shares on the New York Stock Exchange under the ADNT symbol, thereby completing its spinoff from Johnson Controls Inc.