Mexican Media Brands
JCI to Sell HomeLink Unit to Gentex
Johnson Controls Inc. is selling its HomeLink auto electronics business to Zeeland, Mich.-based Gentex Corp. for $700 million.
#electronics
Share
Johnson Controls Inc. is selling its HomeLink auto electronics business to Zeeland, Mich.-based Gentex Corp. for $700 million.
HomeLink is a built-in remote control that enables drivers to activate garage door openers and home door locks, lighting and security systems. More than 50 million vehicle use the technology.
Gentex, a major supplier of auto-dimming rearview mirrors and camera-based driver assistance systems, has been incorporating HomeLink into its mirrors for years.
JC has been trying to sell its electronics operation since March. HomeLink generated about half the unit's $1.4 billion in revenue last year.
RELATED CONTENT
-
Honda Re-Imagines and Re-Engineers the Ridgeline
When Honda announced the first-generation Ridgeline in 2005, it opened the press release describing the vehicle: “The Honda Ridgeline re-defines what a truck can be with its true half-ton bed payload capability, an interior similar to a full-size truck and the exterior length of a compact truck.” And all that said, people simply couldn’t get over the way there is a diagonal piece, a sail-shaped buttress, between the cab and the box.
-
Ford and Autonomy
Ford’s announcement last week in Silicon Valley came as something of a surprise.
-
Pacifica Hybrid Explained
Chrysler pioneered the modern-day minivan more than 30 years ago and has been refining and improving that type of vehicle ever since.