Johnson Controls (JCI) is reportedly in talks with P-E firms about selling them its automotive...

|About: Johnson Controls, Inc. (JCI)|By:, SA News Editor

Johnson Controls (JCI) is reportedly in talks with P-E firms about selling them its automotive electronics unit, which is valued at $1B, after industry interest weakened due to the unit's softer-than-expected performance. Delphi Automotive (DLPH) has pulled out the running, although Visteon (VC) and SAIC (SAI) subsidiary Huayu Automotive Systems are still involved.