Automotive seating generated about 41 percent of the company’s revenue in 2014 and about 61 percent of profits. Johnson Controls will soon start to move into the heating, ventilation, air condition and refrigeration products business along side partner companies Hitachi Ltd. and Hitachi Appliances Inc.
Johnson Controls Inc. may be making some changes to the division that makes seats for automotive companies like Ford, General Motors, and Volkswagon. The parent company has been taking strides to move into different industries, which has "limited the automotive experience’s ability to make strategic growth investments," said CEO Alex Molinaroli.
Johnson Controls Inc. said Wednesday that it will review options for the division that produces seats for Ford, General Motors and Volkswagen vehicles. Part of the company’s automotive experience division, the seating business generated $17.5 billion in sales in 2014, roughly 41 percent of the company’s revenue.