Johnson Controls announced that it has signed a definitive agreement to sell its automotive electronics business to Visteon for $265 million. Under the terms of the agreement, Visteon will acquire Johnson Controls’ instrument cluster, infotainment, display, and body electronics products.
Visteon presents its new connected cockpit electronics solution developed in collaboration with Renault at the 2014 International CES® at the Las Vegas Convention Center, (Central Plaza #20) from 7-10 Jan. .
Unveiled at the LeWeb’13 Paris event in December, Visteon’s cockpit demonstrator offers an insight into ways drivers and passengers can interact with autonomous driving features for driver delegation.
The technology migrating to the modern car contains millions of lines of programming code, some of which is open-source and a free license to a software’s blueprint.Photo credit: AUDI
Throughout its history, the automotive industry has propelled competition in horsepower, styling and even cup holders.
Yet the digital age has spawned a new type of vehicle owner — an earbud generation less interested in steel and torque than in lifestyle management and fuel economy.
This news does not look good at all and the problems seem to be increasing, with more closures, firings and lay offs it only increases the number of unemployed which reduces the GDP per capita and just makes things even worse. Is there a light at the end of the tunnel, that is not a train coming straight at us?
