Saft

Saft said in a statement that it "sees no legitimate grounds" for the move and intends to oppose the dissolution.

Johnson Controls Seeks to Dissolve Battery Venture Mike Ramsey 2011

Automotive battery maker Johnson Controls Inc. is moving to dissolve a joint-venture company with French battery maker Saft Groupe SA that was formed to make lithium-ion batteries for electric and hybrid vehicles.

Johnson Controls Seeks to Dissolve Battery Venture Mike Ramsey 2011

His mistake, Saft says, was to overreach himself, and try to control something a Swiss central banker cannot control:Thus far, the Swiss policy is almost universally acclaimed as a success.

Eurozone crisis: Markets shrug off threat of Italy downgrade- as it happened 2012

Johnson Controls is moving to dissolve its joint-venture company with French battery maker Saft that was formed to make lithium-ion batteries mainly for electric and hybrid vehicles.

What's News 2011

Saft has made a number of constructive proposals to try to reach a compromise agreement with JCI and avoid any legal procedure.

Johnson Controls Seeks to Dissolve Battery Venture Mike Ramsey 2011

Saft says:There is a very good chance that former Swiss National Bank chief Philipp Hildebrand will be remembered not for the scandal which forced him from office but for the folly of his policy.

Eurozone crisis: Markets shrug off threat of Italy downgrade- as it happened 2012

Saft concludes that Mrs Hildebrand's trades were clearly ethically wrong:That same arrogance colours the Swiss franc policy, even if the intentions behind it are benign.

Eurozone crisis: Markets shrug off threat of Italy downgrade- as it happened 2012

Jason Saft , an associate broker at CitiHabitats, says the projected rents are about 5% to 10% higher than other luxury rental buildings near the second section of the High Line.

Luxury Digs Hop Aboard New High Line Craig Karmin 2011

And during the last two reserves maintenance periods, banks left less than €300bn at the ECB, well short of the €482bn we saw today.9.29am: Reuters columnist James Saft has an interesting take on the Hildebrand affair.

Eurozone crisis: Markets shrug off threat of Italy downgrade- as it happened 2012

"Johnson Controls and Saft have a fundamental disagreement about the future direction and appropriate scope of the joint venture," said Alex Molinaroli , president of the company's Johnson Controls Power Solutions unit.

Johnson Controls Seeks to Dissolve Battery Venture Mike Ramsey 2011