Johnson Controls weighs possible sale of automotive electronics business

  • 06-Mar-2013 05:04 EST
mobiledevicegateway_hires.jpg

Johnson Controls' Mobile Device Gateway allows additional consumer electronics devices—including MP3 music players, Bluetooth-enabled cell phones, personal navigation systems, and other products—to connect to the vehicle's electrical system through Bluetooth technology, USB, and serial-connection ports.

Responding to what it called an erroneous report, Johnson Controls said March 6 that it is exploring the possible sale of its automotive electronics business, but not its automotive interiors business. The company also said it has retained JPMorgan to explore the possible sale, adding in its very short statement that "no other details are available at this time." The Johnson Controls website says the company "has more than 1000 engineers, electronics specialists, and designers at seven research and development centers in Europe, North America, and Asia who develop innovative electronics solutions for driver information, infotainment, connectivity, body electronics, and HomeLink."

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