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JCI auto chief: Stability is key.(Focus)(interview with Keith Wandell of Johnson Controls Automotive Group )(Interview)
Crain's Detroit Business, January, 2006
Keith Wandell, president of Johnson Controls Automotive Group in Plymouth, is hardly satisfied that the company was one of the top-performing automotive suppliers in 2005. Increases in materials costs and production cuts by the domestic automakers will challenge the seat- and interiors-maker to match the 26.7 percent equity return the parent company achieved last year.
Wandell was interviewed Jan. 8 during the North American International Auto Show by Crain's sister publication Automotive News. Does investor Wilbur Ross' proposed roll-up of Lear Corp.'s interiors business present an opportunity for Johnson Controls, or is it something you worry about? We prefer to see it as an opportunity. The industry is consolidating. When you start having...
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