Johnson Controls and SAIC's Yanfeng Automotive Trim Systems Co., Ltd. sign global automotive interiors joint venture agreement

Shanghai (ots) - $8.5 billion joint venture will be world's
largest automotive interiors supplier

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 the agreement for a global automotive
interiors joint venture.

The new joint venture will be called Yanfeng Automotive Interiors,
and will be the largest automotive interiors company in the world
with revenues of approximately $8.5 billion with a backlog to reach
$10 billion in the next few years. Yanfeng will hold the majority 70
percent share in the joint venture, and Johnson Controls will have a
30 percent share.

The companies signed a definitive agreement in May 2014 to form
this joint venture, which is expected to begin operations in July
2015, subject to receipt of all regulatory approvals.

"Combining our global interiors businesses enhances our ability to
serve our automotive customers throughout the world," said Alex
Molinaroli, Johnson Controls chairman and chief executive officer.
"This will result in an automotive interiors company with unmatched
scale, capabilities and reach."

The new company will be headquartered in Shanghai with more than
90 manufacturing, 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, floor consoles and overhead consoles. The interiors
joint venture agreement is the latest in a series of recent strategic
transactions taken by the company to both strengthen and rebalance
its portfolio of operating businesses.

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
by increasing market share we are committed to delivering value to
shareholders and making our customers successful.

For more information, please contact:
Johnson Controls:
Fraser Engerman (U.S./Europe media)
Phone: 001 414.524.2733
Email: Fraser.Engerman@jci.com

Glen Ponczak (Investors)
Phone: 001 414.524.2375
Email: Glen.L.Ponczak@jci.com