Mexican Media Brands
JCI, SAIC Affiliate to Launch "World’s Largest" Auto Interiors Venture
Johnson Controls Inc. and a unit of Shanghai Automotive Industry Corp. have signed a definitive agreement to form what they describe as the world's largest automotive interiors company.
#interior
Share
Johnson Controls Inc. and a unit of Shanghai Automotive Industry Corp. have signed a definitive agreement to form what they describe as the world's largest automotive interiors company.
JCI and partner Yanfeng Automotive Trim Systems Co. say the company will generate annual revenue of about $7.5 billion. The partners, who have jointly produced automotive seating in China for 15 years, will detail their plans to analysts Monday afternoon.
The unnamed new company will be based in Shanghai and operate regional engineering, sales and product development centers in China, Europe, India, Japan and the U.S.
The agreement excludes certain existing JCI and Yanfeng facilities and business activities. JCI, for example, will continue to operate its current Automotive Experience interiors business outside the partnership.
RELATED CONTENT
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
-
Leather Seat Source
This is something that you ordinarily don’t have the opportunity to see, which is inside the Katzkin Leather factory.
-
Injection molding for interiors—including fabrics
Plenty of interior components are injection molded. But some companies—such as VW—are using a process for trim pieces that both mold a component and cover it in fabric in a single molding process. And it is coming to the U.S. in the not-too-distant future.