CART MEDIA CONFERENCE

November 22, 2002

Chris Pook

Jeffrey Tellman

JEFF TELLMAN: Thank you, Adam.

JEFF TELLMAN: This is a big day for Johnson Controls. I get to on behalf of the other 90,000 employees that we have announce that we're going to sponsor Paul Gentilozzi and the Rocketsports Racing Team for the 2003 CART series. We felt, along with our partners, a strong relationship with Rocketsports over the last five years. We've enjoyed a lot of success with them over that time. A lot of that success is attributed to Paul himself. We look at this coming year with great anticipation, great enthusiasm. Obviously, the competition that we're going to face here is evident. But we look at this team just like we look at any other team within Johnson Controls and have the same expectation, to meet corporate objectives with this team as with the others. I've spent the last couple days getting to know the individuals within the CART organization. It's obvious to me the quality of these folks, the support that they're giving to us as a new team, and for the vision that they have for this coming season and for the seasons to come. We look at the series as a way to expand racing involvement within Johnson Controls. In the past it's been focused primarily in the US here. Now with the venues that CART has, we can bring in our Asian team and our European team and truly make this a total Johnson Controls involvement into racing. We view this series and our involvement as a way to continue building our relationships with our partners, with our customers, and with all of our employees. Again, it's been a big day for us, and we look forward with great anticipation to what's to come.

JEFF TELLMAN: Competition is something that we face daily, we're just going to face a different form of competition. And our expectation, like I said, from this team is similar to every other team, and that is to meet our corporate objectives. That we will do the best we can.

CHRIS POOK: At the risk of sounding like a broken record, another Blue Chip company comes on board Championship Auto Racing Teams with a Blue Chip owner in Paul Gentilozzi. Paul is going to bring a lot of character to our paddock, a lot of fun, but he will bring a high level of competition. That's what we enjoy in this series. With Johnson Controls, another superb company, to match that competition together. Thank you very much, indeed.

JEFF TELLMAN: Sure. It's good to build relationships with all within the automotive industry. We all are learning from each other and all can contribute to each other. Obviously Ford is a major customer of Johnson Controls, so the ability to continue to build our relationship with Ford is very important for Johnson Controls.

JEFF TELLMAN: That's not my call to make that decision. That decision will lie with Rocketsports Racing. Paul will decide the timing of that. I'm sure he's working hard, would like to make that as soon as he could.