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USA/Europe: Johnson Controls, Saft head for divorce

By Thomas Content of the Journal Sentinel
May 18, 2011 9:47 p.m. |(0) Comments
Plugged In

Johnson Controls Inc. and its hybrid battery partner, Saft, entered into a legal dispute Wednesday when the Wisconsin firm filed a court action to dissolve their joint venture.

The joint venture is one of the company’s most high-profile moves into the clean-technology space, and the partnership won early contracts in the auto industry’s move toward electric and hybrid vehicles, building next-generation hybrid batteries powered with lithium-ion technology.

The filing in the Delaware Chancery Court centers on a disagreement over the direction and scope of the joint venture, which was formed in 2006.


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