MILWAUKEE (WHTC) – In its quarterly earnings statement, Johnson Controls officials announced that it plans to pursue a tax-free spinoff of its Automotive Experience Business over a 12-month span into an independent, publicly-traded company. This includes its automotive interiors operations in Holland, but the Milwaukee-based parts maker didn’t say what impact the move would have on that. The spinoff has no bearing on JCI’s Power Solutions division that operates the 48th Street advanced battery plant in the Tulip City.
JCI to Spin Off Auto Interiors Business
By Gary Stevens
Jul 24, 2015 | 6:37 PM
More Traffic Headaches Involving BL-196 Ahead
11h ago
Uganski Promoted to #2 Role in Ottawa Co. Health Dept.
11h ago
Cubs, White Sox Post Friday Wins; NFL Draft Continues in Detroit
11h ago
Ukraine drones target two refineries, airfield in Russia's Krasnodar region, Kyiv source says
10h ago
As solar capacity grows, some of America's most productive farmland is at risk
9h ago
MLB roundup: Brewers win on Joey Ortiz's hit in 11th
10h ago
Current Weather
Holland, MI, USA
70 °F Overcast