Forum Discussion
mike-s
Aug 22, 2018Explorer
MEXICOWANDERER wrote:
You are not reading my words and connecting them.
1. Johnson Controls and LTH merged. Your "BRAND NAME OF JC"I has been around since the 1920's BEFORE Johnson controls was born. Joint Venture was the first step.
No, it was an acquisition. JCI existed before, it still does. LTH existed before, it no longer does (as an independent entity).
MEXICOWANDERER wrote:
2. Aftermarket battery manufacturing has moved entirely to Monterrey Nuevo Leon.
Nope. There are lots of aftermarket batteries made by JCI in the US. JCI: "The company will accelerate $450 million USD in investment at its existing facilities across the country (US) to increase capacity to grow its aftermarket service and supply capabilities." - ibid
MEXICOWANDERER wrote:
"(Luis T Hernandez, founder of) LTH battery of Nuevo Leon, Mexico, and Johnson Controls USA battery division have merged". Got GNUS for some of you - the Mexican government prohibits outright sale of major industries to foreign interests. MERGED refer to Webster's for the definition.
When a fish swallows a minnow, it's not called a merger. Sure, there are lots of corporate and legal mechanics which make everything work, but it all boils down to JCI owning Enertec and LTH. Whether you call it a merger or not, makes no difference. LTH is now a brand of JCI, as clearly stated on LTH's own website.
Stop eating your homework, and learn to provide proper quotes and citations. Your first post was nonsense, plain and simple.
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