Johnson Controls Forms Automotive Interiors Joint Venture with Yanfeng

Johnson Controls is forming a joint venture with Yanfeng to create the world's largest automotive interiors supplier. The transaction is expected to close on July 1, 2015, with Chinese anti-trust approval already received.

“Automotive Interiors Joint Venture with Yanfeng Transaction details  Creates world’s largest automotive interiors supplier  2015 revenues of approximately $7.5 billion, expected growth of 6-8% annually  15% estimated global market share (50% larger than next largest competitor)  25% share in fast-growing China market  Expected 5-6% pre-tax margins Transaction status  Significant progress to date by Johnson Controls and YanFeng teams  Chinese anti-trust approval received Anticipated closing: July 1, 2015”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.