Johnson Controls, Inc. (JCI): 1 Auto Parts Supplier Betting Heavily on China

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So despite a resurgence in the U.S. auto market, a particularly bright spot for an otherwise lackluster economy, Johnson Controls, Inc. (NYSE:JCI) doesn’t see the need to invest further in the markets here. Instead, it’s sending its money to China where it already has 57 production plants in 27 cities. It will now increase that to 68 facilities over the next few years, while here at home, it’ll pay more attention to an ailing HVAC system.

Investors in U.S. automakers might want to use that as a sort of crystal ball for how Johnson Controls, Inc. (NYSE:JCI) sees the future.

The article 1 Auto Parts Supplier Betting Heavily on China originally appeared on Fool.com and is written by Rich Duprey.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford.

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