Johnson Controls posts $193M loss

Johnson Controls, which makes both automotive and building systems, says it posted a $193 million fiscal second-quarter loss, on a steep drop in sales stemming from the continued decline in vehicle production. Full Story
Ellen

Whitehall, MI

#1 Apr 21, 2009
The energizer bunny (Granholm) is going to swoop in and help save the day.
Jeff

Grand Rapids, MI

#2 Apr 21, 2009
I'm am completely shocked by this news. Didn't anyone see this coming?
DJL

Palatine, IL

#3 Apr 21, 2009
If you read the article correctly, you see that Johnson Controls didn't really lose any money, the stockholders took it in the rear.
That's how all these companies can stay in business, they just stick it to the stockholders.
When that happens to a small business, the state politicians stick it to the business owner.
And then when a large corp is in trouble, the gov't gives them "our" money.
We have a serious problem here people.
Time for a peaceful revolution.
"Never re-elect anyone"
tom

Middleville, MI

#4 Apr 21, 2009
DJL wrote:
If you read the article correctly, you see that Johnson Controls didn't really lose any money, the stockholders took it in the rear.
That's how all these companies can stay in business, they just stick it to the stockholders.
When that happens to a small business, the state politicians stick it to the business owner.
And then when a large corp is in trouble, the gov't gives them "our" money.
We have a serious problem here people.
Time for a peaceful revolution.
"Never re-elect anyone"
good points. these are the guys who are going to build the new batteries?....with these numbers?...look for more taxpayer support $$$$$ on that one.
DJL

Palatine, IL

#5 Apr 21, 2009
tom wrote:
<quoted text> good points. these are the guys who are going to build the new batteries?....with these numbers?...look for more taxpayer support $$$$$ on that one.
Thanks Tom.
paying attention

United States

#6 Apr 21, 2009
DJL wrote:
<quoted text>
Thanks Tom.
I'm all for the revolt, it's time to get people organized (atleast the ones that arent under obamas spell) in the end even they will join once they see thru him!
paying attention

United States

#7 Apr 21, 2009
DJL wrote:
If you read the article correctly, you see that Johnson Controls didn't really lose any money, the stockholders took it in the rear.
That's how all these companies can stay in business, they just stick it to the stockholders.
When that happens to a small business, the state politicians stick it to the business owner.
And then when a large corp is in trouble, the gov't gives them "our" money.
We have a serious problem here people.
Time for a peaceful revolution.
"Never re-elect anyone"
I agree, however when has the majority ever had controll of an elction? NOT IN MY LIFE TIME!
Grant

Grand Haven, MI

#8 Apr 21, 2009
Not sure if the Media doesn't play into this a little, wanting ultimately to make Obama out the hero for saving everybody/thing etc. I doubt seriously if walking on water is listed on his resume.....

Since: Nov 07

Caledonia, MI

#9 Apr 22, 2009
A must read article on GM at ( http://www.bloomberg.com ).

Since: Nov 07

Caledonia, MI

#10 Apr 22, 2009
( http://www.detroitpress.com ) under auto/business section.
Fuel for the Fire

Muskegon, MI

#11 Apr 22, 2009
paying attention wrote:
<quoted text>I'm all for the revolt, it's time to get people organized (atleast the ones that arent under obamas spell) in the end even they will join once they see thru him!
And, exactly HOW was it Obama's fault? I thought everything was Granholm's fault (sarcasm intended).
paying attention

United States

#12 Apr 24, 2009
Fuel for the Fire wrote:
<quoted text>
And, exactly HOW was it Obama's fault? I thought everything was Granholm's fault (sarcasm intended).
what are you just throwing coments whenever or wherever you feel the urge, for goodness sake open your eyes and pay attention!!!!!!!!!!
Fuel for the Fire

Muskegon, MI

#13 Apr 25, 2009
paying attention wrote:
<quoted text>what are you just throwing coments whenever or wherever you feel the urge, for goodness sake open your eyes and pay attention!!!!!!!!!!
Yeah, sort of like you do.!!!!!!!!!This is a public forum - people are allwed tro make their comments!!!!!!!!!! Get over yourself!!!!!!!!
dean

United States

#14 May 3, 2009
bye bye U.S car makers greed got the best of you former plastech worker LOL

“DRILL FOR OIL?, "YES WE CAN"”

Since: Jul 08

Cannonsburg, MI

#15 May 3, 2009
DJL wrote:
If you read the article correctly, you see that Johnson Controls didn't really lose any money, the stockholders took it in the rear.
That's how all these companies can stay in business, they just stick it to the stockholders.
When that happens to a small business, the state politicians stick it to the business owner.
And then when a large corp is in trouble, the gov't gives them "our" money.
We have a serious problem here people.
Time for a peaceful revolution.
"Never re-elect anyone"
Thats what gets me, when these companies call mommy and make it all look so bad.

$2 Zillion loss, but they still only just made less.
Like you say once they actually DON'T make any money, they either get bailed, or they file bankruptcy then laugh, and go home and start a new business all over again.

But all they do to broke people is raise the prices on our freedom.

“DRILL FOR OIL?, "YES WE CAN"”

Since: Jul 08

Cannonsburg, MI

#16 May 3, 2009
dean wrote:
bye bye U.S car makers greed got the best of you former plastech worker LOL
Why don't Obama just come out and say, instead of Fiat, I wonder if he says next, GM must negotiate with China motors, hehe.

Plus how come I see no outrage against Obama for not getting all those businesses back from China and Mexico.
So far 3 in Michigan during his first 100 days went to mexico, hmm cap and trade?, change we can believe.

This whole Obama and crew is really almost stupid to the extend of being morons, on almost every topic they "worked" on.

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