JCI to Sell Headliner, Sun Visor Units
Johnson Controls Inc. has agreed to sell its headliner and sun visor businesses to a unit of private equity firm Atlas Holdings LLC, Automotive News reports.
The deal, whose details were not disclosed, is the latest move by JCI to streamline its portfolio and boost the profitability of its business units. The company expects to finalize the sale at the end of April.
Last year JCI sold its electronics business in two chunks to Visteon Corp. and Gentex Corp. The company's remaining interiors group makes cockpit trim and instrument panels.
Ram Truck chief exterior designer Joe Dehner talks about how they’ve developed the all-new pickup. “We’ve been building trucks for over 100 years,” he says. “Best I could come up with is that this is our 15th-generation truck.”
Once the playground of exotic car makers, the definition of a niche vehicle has expanded to include image vehicles for mainstream OEMs, and specialist models produced on high-volume platforms.
It’s the fifth generation of a vehicle that has been increasing in sales year after year since its introduction in 1997.