Johnson Controls Inc reported a better-than-expected quarterly profit as higher vehicle production in key markets drove up sales of car seats and other auto parts.Sales in the automotive unit, whose customers include Toyota Motor Corp and General Motors, rose 11 percent to $5.62 billion, accounting for over half of total revenue.The company, which also makes heating and cooling systems for buildings, has been cutting its reliance on the automotive industry.It exited the automotive electronics business earlier this year and has been exploring options for its car interiors business, which makes floor consoles and door panels.
Johnson Controls, Inc. (Johnson Controls) manufactures, installs and services automatic temperature regulation systems for buildings. Shares of JCI remained unchanged at $48.25. In the past year, the shares have traded as low as $33.52 and as high as $52.50. On average, 4299160 shares of JCI exchange hands on a given day and today's volume is recorded at 4140.
TOYOTA MOTOR CORPORATION is a Japan-based company mainly engaged in the automobile business and financial business. Shares of TM remained unchanged at $108.42. In the past year, the shares have traded as low as $103.38 and as high as $134.94. On average, 485650 shares of TM exchange hands on a given day and today's volume is recorded at 50.
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