Johnson Controls and SAIC's Yanfeng Automotive Trim Systems Co., Ltd. form global joint venture for automotive interiors / $7.5 billion joint venture creates largest automotive interiors supplier glob

Burscheid (ots) - Johnson Controls, (NYSE: JCI), a global
multi-industrial company, and Yanfeng Automotive Trim Systems Co.,
Ltd., a wholly owned subsidiary of Huayu Automotive Systems Co. Ltd.
(HASCO), the component group of Shanghai Automotive Industry
Corporation (SAIC), today announced the signing of a definitive
agreement to form a global automotive interiors joint venture.

The agreement is a noncash transaction comprised of asset
contributions by the two parties that will create the largest
automotive interiors company in the world with revenues of
approximately $7.5 billion. Yanfeng will hold the majority 70 percent
share in the joint venture, and Johnson Controls will have a 30
percent share.

"Joining our two interiors businesses is a natural extension of
our already very successful existing partnership with Yanfeng in
automotive seating, which has flourished over the past 15 years. It
creates a strong combined company with a market leading position and
a foundation for sustained global growth," said Alex Molinaroli,
Johnson Controls chairman and chief executive officer. "This also
aligns with Johnson Controls? corporate commitment to China, which is
increasingly becoming a major center for the global automotive
industry."

The new company will be headquartered in Shanghai with global
engineering, development and customer centers in the United States,
Europe, China, Japan and India. The product portfolio will include
instrument panels and cockpit systems, door panels and floor
consoles.

The transaction is subject to limited conditions and is expected
to close in the first half of calendar year 2015.

The agreement excludes certain facilities in Johnson Controls'
existing networks. Johnson Controls will continue to operate those
from its network as part of Johnson Controls' Automotive Experience
business.

Johnson Controls will host an analyst call Monday May 19 at 8 a.m.
CEST. It is available via webcast in the investor section of
http://www.johnsoncontrols.com/investors.

About Johnson Controls:

Johnson Controls is a global diversified technology and industrial
leader serving customers in more than 150 countries. Our 170,000
employees create quality products, services and solutions to optimize
energy and operational efficiencies of buildings; lead-acid
automotive batteries and advanced batteries for hybrid and electric
vehicles; and interior systems for automobiles. Our commitment to
sustainability dates back to our roots in 1885, with the invention of
the first electric room thermostat. Through our growth strategies and
disciplined focus on operational execution, we are committed to
delivering value to shareholders and making our customers successful.
In 2014, Corporate Responsibility Magazine recognized Johnson
Controls as the #12 company in its annual "100 Best Corporate
Citizens' list. For additional information, please visit
http://www.johnsoncontrols.com.

For more information, please contact:
Johnson Controls
5757 North Green Bay Ave.
Milwaukee, WI 53209

Fraser Engerman (Presse)
Telefon: +1-414-524-2733
Mail: Fraser.Engerman@jci.com

Glen Ponczak (Investoren)
Telefon: +1-414-524-2375
Mail: Glen.L.Ponczak@jci.com

Internet: www.johnsoncontrols.co.uk