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

  • Debating a cost-effective means of road user charging
    July 20, 2012
    Does GPS/GNSS-based technology provide a cost-effective means of charging or tolling on a national or international level, or are the issues pertaining to effective enforcement an obstacle. Here, leading equipment manufacturers debate the issue.
    Read More
  • Legalities of in-vehicle systems and cooperative infrastructures
    February 1, 2012
    Paul Laurenza of Dykema Gossett PLLC discusses the paths which lawmakers may go down on the route to making in-vehicle systems and cooperative infrastructures a reality. The question of whether or not to mandate in-vehicle systems for safety and other applications is a vexed one. There is a presumption on some parts that going down the road of forcing systems' fitment is somehow too domineering or restricting. Others would argue that it is the only realistic way of ensuring that systems achieve widespread d
    Read More
  • Governments must look beyond short-term spending of public funds
    February 2, 2012
    Phil Pettitt, Chief Executive of innovITS, the UK's ITS Centre of Excellence, argues that governments need to look beyond the short-term when looking to pump-prime economic recovery with public funds. It seems, in the current economic climate, that a 'good' day is one in which no company is announcing job cuts or going into administration. Consumer demand is down and businesses are retrenching, cutting costs and fretting over the consequences of shrinking opportunities and order books. It has not been this
    Read More
  • Is DSRC progressive enough for future connected mobility?
    February 3, 2012
    Dedicated Short Range Communications technology, says Cisco's Paul Brubaker, is not by itself progressive enough to sustain long-term innovation in the connected mobility environment - and yet IPv6 and other developments remain largely ignored by policy-makers
    Read More

Highlighted Content