Johnson Controls Inc.
) announced its plan to launch the dual battery model at the 2013
North American International Auto Show (NAIAS) in Detroit. The
dual battery model runs on both traditional lead-acid battery and
lithium-ion battery. The company believes that this micro hybrid
technology will enhance the fuel efficiency of the vehicles.
The dual battery model will feature 12-volt lead-acid battery and
48-volt lithium-ion battery. The 48-volt battery will be used for
high power loads like electric air-conditioner and active chassis
technologies. The 12-volt battery will likely power the vehicle
starter, interior and exterior lights, and entertainment systems.
Start-stop battery saves fuel by 5% to 12% in new vehicles by
stopping the engine in traffic. Johnson Controls believes that
this new technology will be more fuel efficient compared to the
start-stop battery while maintaining vehicle performance.
Johnson Controls will also showcase its interior innovations at
the 2013 NAIAS. This will improve the luxury experience of the
drivers and passengers. The company will also launch its new
Inspiration Seat at the show, which will transform the typical
three-seat rear space into two lounge seats with plush armrests
and a highly contented console.
Johnson Controls posted a 16.1% fall in earnings to 52 cents per
share in the first quarter of fiscal 2013 ended Dec 31, 2012 from
62 cents in the same quarter of prior fiscal year as global
demand for its products has weakened. However, profits surpassed
the Zacks Consensus Estimate by a penny. Net income declined
16.5% to $354.0 million from $424.0 million in the first quarter
of fiscal 2012.
Revenues in the quarter were flat at $10.4 billion, but exceeded
the Zacks Consensus Estimate of $10.2 billion. Revenues remain
unchanged as the benefit from strong business backlog was offset
by weak demand across the globe, especially in Europe.
Johnson Controls is a supplier of automotive interiors,
batteries, and other control equipment. Currently, it retains a
Zacks Rank #3 (Hold).
Commercial Vehicle Group Inc.
Allison Transmission Holdings, Inc.
) are performing well in the same industry, where Johnson
Controls operates. Commercial Vehicle Group and Oshkosh
Corporation are Zacks Rank #1 (Strong Buy) stocks and Allison
Transmission is a Zacks Rank #2 (Buy) stock.
ALLISON TRANSMN (ALSN): Free Stock Analysis
COMML VEHICLE (CVGI): Free Stock Analysis
JOHNSON CONTROL (JCI): Free Stock Analysis
OSHKOSH CORP (OSK): Free Stock Analysis
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