Johnson Controls wants to dissolve battery JV with Saft

Johnson Controls has filed a lawsuit in the Delaware Chancery Court to dissolve the Johnson Controls-Saft joint venture which was formed in 2006 to develop and manufacture lithium-ion motive battery solutions.
April 25, 2012 Read time: 1 min
764 Johnson Controls has filed a lawsuit in the Delaware Chancery Court to dissolve the Johnson Controls-2182 Saft joint venture which was formed in 2006 to develop and manufacture lithium-ion motive battery solutions.

"Johnson Controls and Saft have a fundamental disagreement about the future direction and appropriate scope of the joint venture," said Alex Molinaroli, president, Johnson Controls Power Solutions. "The industry is evolving rapidly and the investments needed to achieve market leadership require us to do more than the joint venture has done or can do."

Johnson Controls believes that as vehicle power train technologies continue to evolve and new markets emerge for advanced batteries, the company must have access to multiple alternative technologies and be able to flexibly participate more broadly across the energy storage space.

"This action reaffirms our strategic commitment to the advanced battery industry," said Molinaroli.

The filing does not affect Johnson Controls-Saft's current contracts, production orders or programme launches.

For more information on companies in this article

Related Content

  • Redflex enforces commitment to ethics
    May 29, 2013
    Redflex has introduced stringent ethical and procedural requirements following an investigation into corruption in Chicago. Like the Phoenix, which also happens to be the name of the company’s home city, Redflex Traffic Systems has been reborn. Following a headline-making public relations debacle late last year, Redflex has reinvented itself, establishing a series of stringent policies and procedures to ensure ethical business conduct, while continuing to deliver the traffic safety technology and services t
    Read More
  • Congestion pricing: the time to act is now
    August 20, 2024
    New York may have thrown a curveball on congestion pricing, but it is a proven global strategy for traffic management which cities should adopt, argues Wes Guckert of The Traffic Group
    Read More
  • Columbia goes intermodal to support sustainability
    April 10, 2014
    David Crawford on the ups and downs of a Latin metropolis. Medellín, Colombia’s second city and a recognised leader in sustainable transport thinking, is rapidly extending its substantial existing investment in modern mobility. It is deploying both an enhanced integrated traffic management array and the country’s first intermodal public transportation management system. The supplier of both, under separate €9 million (US$12.3 million) contracts, is Spanish engineering company Indra, a major exporter
    Read More
  • Cybercrime is not a remote threat for toll operations
    February 8, 2017
    The rise of cybercrime is starting to impact tolling concessions, as Colin Sowman discovers. Yahoo’s revelation that it has taken two years to discover that it had suffered a security breach resulting in hackers stealing the details of 500 million users is shocking - although the hackers only gained access to users’ names, contact details and encrypted passwords.
    Read More

Highlighted Content