Johnson Controls Exploring Options For Separation Of Auto Unit - Quick Facts

(RTTNews) - Johnson Controls, Inc. (JCI) announced that it is exploring strategic options for the separation of its automotive business.

The JCOS reflects "the Johnson Controls way" and provides an operational vehicle to create value through systemic application of strategic capabilities across the company. As discussed at the company's analyst meeting in December 2014, the JCOS is already delivering results and is expected to yield $2 billion in incremental segment income by 2020 through operational effectiveness and increased speed to market.

Johnson Controls said it had no specific timetable for the completion of the strategic review, which includes a full range of strategic options for the automotive business.

The company stated that it is also continuing to actively evaluate growth platforms that are aligned with the unique operational capabilities and specific attributes of its multi-industrial portfolio.