Milwaukee-based Johnson Controls (NYSE:JCI) is a leading automotive parts supplier, with a power solutions segment that is the largest producer of lead-acid automotive batteries. Not surprisingly, JCI is currently caught up in the global economic downturn, which has provided a shaking blow to the auto industry. In recent years, Johnson Controls has looked to diversify into businesses that help buildings operate more efficiently. This diversification could help the company offset the struggles in the auto category and survive the current recession – but will it be enough?
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