Johnson Controls doesn’t take business for volume, they take it to make a profit. The last time I checked, GM, Ford, Chrysler, Delphi, Vistion, AAM, just to name a few were all loosing money, and JCI posted record profits. Is that bad? Not if you are an employee or stockholder.

Have Plastech execs been to England to see the private wheel clampers at work?!

With my analogy – JCI is currently treading water and doing fine by themselves but if they hook up with Plastech assume a lot of the debt and UAW labor it will remove even more flexibility – and with the post bankruptcy parts makers (i.e. leaner and UAW’s death grip on the family jewels lessened) being much more competitive and new leaner non union workshops and Chinese or Mexican parts makers, JCI will eventually hit the skids. It was like GM buying Saab – ailing automaker same industry – maturing market – look how that turned out.

Why do say that? JCI is/was one of the few suppliers in good financial health. Perhaps their building automation business is subsidizing the automotive group at this point.

Johnson Controls & Plastech – are akin to 2 drowning swimmers next to each other – as with human nature they embrace each other and drown together faster than trying to tread water on their own – GM is sitting near them on the bottom wearing cement boots, a snorkel with a garden hose that periously reaches the surface and big ole Wagoneer blinders – hallucinating as to how the world revolves around his company.