US: JCI not likely to bid for Visteon’s interiors unit

Johnson Controls (JCI) does not expect to bid for Visteon's interiors business, according to JCI's chief executive officer, Stephen Roell. JCI had originally tried to acquire Visteon's interiors and electronics units before the latter's emergence from bankruptcy in 2010. However, owing to the complexity of the interiors business unit's joint ventures, Subscribe to Automotive World … Continued

• By Webmaster
• November 10, 2011