THE WEEK THAT WAS: JCI's Chinese interiors joint venture
JCI has formed a global interiors joint venture with SAIC's component unit
Johnson Controls' announcement of a global joint venture with a Chinese interiors supplier attracted much interest from just-auto readers this week as you'd expect. Yanfeng Automotive Trim Systems is a wholly-owned subsidiary of Huayu Automotive Systems, the component group of Shanghai Automotive Industry Corporation, Chinese JV partners of General Motors and Volkswagen, so this is a partnership of two real auto industry biggies.
Grim news from Sweden: a cash crisis halted NEVS' Saab production restart. The official statement was optimistic it would all be sorted soon with new inputs from new parties, but we shall see.
Our Man in Russia (sometimes) reported in from the economic forum in St Petersburg, often referred to these days as the 'Detroit' of that country. A couple of blogs are also entertaining reads.
GM recalled more cars - and again - as did Toyota and Fiat Chrysler's Sergio Marchionne popped up to comment that, if this goes on, new car buyers are going to have to wear some additional costs.
Oh, and please don't buy any more electric Fiat 500s as you're costing him money. Apparently, only Tesla makes any profit on the things.
Have a good weekend - ours is another long 'May bank holiday' one so we'll see you again Tuesday.
Graeme Roberts, Deputy Editor, just-auto.com