Amerigon Incorporated , a leader in developing and marketing products based on advanced thermoelectric technologies, today announced that its Board of Directors has adopted a Shareholder Rights Plan in which one purchase right will be distributed as a dividend on each share of common stock held of record as of the close of business on February 10, 2009 .

Fitch Ratings on Monday cut its investment grade long-term ratings for Johnson Controls Inc. to “BBB” from “A-,” citing the continued sharp declines in both North American and European vehicle production.

China Automotive Systems, Inc. , a leading power steering components and systems supplier in China, today announced that the ERP system of its subsidiary and joint venture with Chery Auto, Wuhu Henglong Steering Systems Ltd. , has been recognized as one of the key science and technology projects in Wuhu City.

Visteon Corp , one of Ford Motor Co s biggest parts suppliers, has hired legal and financial advisers to prepare for possible bankruptcy proceedings, the Wall Street Journal reported, quoting people familiar with the matter.

Johnson Controls Inc. declared a quarterly dividend of 13 cents. The auto parts supplier said it will pay the dividend on April 2 to shareholders of record March 13.

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