Johnson Controls will spin off its $3 billion interiors unit into a joint venture with Yanfeng Automotive Trim Systems of Shanghai. JCI may retain control of a few plants if customers request it, CEO Alex Molinaroli said.
Johnson Controls will spin off its $3 billion interiors unit into a joint venture with Yanfeng Automotive Trim Systems of Shanghai. JCI may retain control of a few plants if customers request it, CEO Alex Molinaroli said.