Apr 21st, 2009 - Wall Street Journal
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(Updates With CEO, CFO comments and share price.)
DETROIT (Dow Jones) -- Johnson Controls Inc. (JCI) on Tuesday reported a second-quarter loss of nearly $200 million after the auto parts supplier was unable to shake off the historic industry downturn that has led to steep production cuts by its auto maker customers.
Steve Roell, Johnson Controls' chief executive officer, said he has yet to see any bottoming out in the auto and housing sectors, and the company will continue slashing jobs and closing plants to control costs. The company makes auto ...
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Ford Motor Up As Goldman Sachs Sees Market-Share Gains
Apr 22nd, 2009 - Wall Street Journal
NEW YORK (Dow Jones)--Shares of Ford Motor Co. (F) rose 13% Wednesday after an analyst said the troubled auto maker is poised to survive the industry's current challenges and gain market share on the possible bankruptcy of its rivals.
Porsche Chooses Shanghai for Unveiling of New Model
Apr 19th, 2009 - Wall Street Journal
FRANKFURT -- Sports-car maker Porsche AG will unveil its four-door Panamera at the Shanghai auto show Monday, the latest sign that global auto makers are pinning their hopes on growth in emerging markets as recession pummels demand at home.
Saturn Retailers, Pvt Equity Co Approach GM To Buy Saturn
Apr 15th, 2009 - Wall Street Journal
(adds comment from GM spokesman) With time running out for General Motors Corp.'s (GM) troubled Saturn brand, a group that includes private equity firm Black Oak Partners LLC came forward Wednesday as potential buyers.
Johnson Controls-Saft to build US battery plant
Apr 14th, 2009 - Reuters
* Partnership to build lithium-ion facility in Michigan * Plant to employ 500, supply 150,000 vehicles per year * JCI-Saft to get $148.5 mln in tax credits, incentives DETROIT...
GM Chairman Says Bankruptcy Looms
Apr 14th, 2009 - Wall Street Journal
DETROIT -- The interim chairman of General Motors Corp. acknowledged Tuesday that the auto maker is running out of time to reach a deal with stakeholders and the federal government to restructure outside of bankruptcy.
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