BNET Industries

Visteon Corp.

(VC) is in the Auto Industry

Last Fiscal Year Sales:$11.2B

Public
US

Dow Jones Description

Visteon Corporation (Visteon or the Company) is a leading global supplier of automotive systems, modules and components to global vehicle manufacturers (OEMs) and the automotive aftermarket. The Company is headquartered in Van Buren Township, Michigan, has a workforce of approximately 33,500 employees and has a network of manufacturing sites, technical centers, sales offices and joint ventures located in every major geographic region of the world. The Company was incorporated in Delaware in January 2000 as a wholly-owned subsidiary of Ford Motor Company (Ford or Ford Motor Company). Subsequently, Ford transferred the assets and liabilities comprising its automotive components and systems business to Visteon. The Company separated from Ford on June 28, 2000 when all of the Companys common stock was distributed by Ford to its shareholders. In September 2005, the Company transferred 23 of its North American facilities and certain other related assets and liabilities (the Business) to Automotive Components Holdings, LLC (ACH), an indirect, wholly-owned subsidiary of the Company. On October 1, 2005, the Company sold ACH to Ford for cash proceeds of approximately $300 million, as well as the forgiveness of certain other postretirement employee benefit liabilities and other obligations relating to hourly employees associated with the Business and the assumption of certain other liabilities (together, the ACH Transactions). ...

Number of Employees 11,000

Contact Information

1 Village Center Dr

Van Buren Township, Michigan 48111

visteon.com

(313) 755-2800

Peer Companies

NAICS Code All Other Motor Vehicle Parts Manufacturing: 336399

Company News

Recent Events

VAN BUREN TOWNSHIP, Mich., Oct. 28, 2009 /PRNewswire-FirstCall/ -- Third Quarter Summary -- Product sales...

10/28/09 - Financial Announcement - View Story
Chrysler to pay Visteon as it exits businesses

10/05/09 - Joint Venture / Alliance - View Story
Visteon Corporation Names General Counsel

9/24/09 - Mgmt. Change Entering - Vice President - View Story
Business news briefs: Visteon to give up contracts

10/03/09 - Joint Venture / Alliance - View Story
Auto parts maker Visteon taps new general counsel

9/18/09 - Mgmt. Change Entering - Legal - View Story
Visteon to close Eureka plant; loss of 94 jobs

9/25/09 - Bankruptcy Filings - View Story
Local Protesters Target Crumbling Visteon

8/14/09 - Bankruptcy Filings - View Story
Retirees fight Visteon

8/14/09 - Financial Announcement - View Story
Intermap Technologies Reports Second Quarter Financial Results

8/06/09 - Joint Venture / Alliance - View Story
HVAC Control reduces system complexity in vehicles.

7/29/09 - Product Announcement - View Story
Statement from Visteon Corporation Welcoming General Electric to Van Buren Township

6/26/09 - Planned Site Openings - View Story
Deadline looms for Carbon

6/26/09 - Bankruptcy Filings - View Story
Weak bank stocks drag Dow lower

6/17/09 - Bankruptcy Filings - View Story

News & Analysis

agreement and visteon corp. - All News and Analysis

Learn about the World Auto Parts and Accessories Market

- 2008-09-02

Reportlinker.com announces that a new market research report related to the Car Parts and supply industry is available in its catalogue. World Auto Parts and Accessories Market http://www.reportlinker.com/p092453/World-Auto-Parts-and-Accessories--Market.html This report analyzes the worldwide markets for Auto Parts and Accessories in Billions of US$....

Tags: agreement, Aluminum, Auto, brake, Caterpillar Inc., Denso, Ford Motor Co., Japan, Johnson Controls Inc., SALES, Technology, TRW, U.S., Visteon Corp.
Intermap Technologies Announces Agreement with Visteon Corporation to Jointly Develop Automotive Predictive Adaptive Front Lighting System

- 2007-07-16

DENVER -- Intermap Technologies Corp. today announced the signing of a joint development agreement with Visteon Corporation, an internationally recognized automotive technology developer, to provide Visteon with highly accurate 3D road geometries for the entire country of Germany. Derived from Intermap's proactive NEXTMap([R]) Europe mapping program, the data will be...

Tags: agreement, Visteon Corp.
Visteon and Special Situations Venture Partners II Sign Agreement for the Sale of Certain Chassis Operations.(Company overview)

- 2007-03-29

VAN BUREN TOWNSHIP, Michigan, March 29 /PRNewswire/ -- VAN BUREN TOWNSHIP, Michigan, March 29 /PRNewswire/ --

Tags: agreement, Visteon Corp.
Visteon cutting costs; revamp at interiors giant sees possible site sales, closures.(overall fiscal health)

- 2005-08-01

ROMULUS, MICHIGAN -- Auto interiors are at the heart of Visteon Corp.'s plans for its revamped future, but that future will be without one of the unit's biggest production sites. The $16 000-million global business announced a memorandum of understanding 25 May with former...

Tags: agreement, Ford Motor Co., sales, Visteon Corp.
Fitch: Visteon Agreement Does Not Affect Ford's Credit Ratings

- 2005-05-25

CHICAGO -- The pending agreement between Ford and Visteon, if completed as outlined, does not have implications for Fitch's ratings for Ford Motor Company or its affiliates. The significant financial burden associated with the restructuring will fall on Ford, as previously expected, with the costs of the restructuring to be...

Tags: agreement, Ford Motor Co., Visteon Corp.

Fitch: Visteon Agreement Shows Commitment to Improve Cash Flows

- 2005-03-11

CHICAGO -- The agreement reached today between Ford Motor Company and Visteon demonstrates that both companies see the need to address the significant cash drains occurring at Visteon. The agreement also acknowledges, as expected, that Visteon remains a significant financial burden on Ford. Fitch has previously incorporated into the ratings...

Tags: agreement, FINANCE, financial, Fitch, Ford Motor Co., Visteon Corp.
Week in Review.(Review)

- 2004-05-03

Delphi, Visteon reach deal with UAW on wages for new workers Auto suppliers Delphi Corp. and Visteon Corp. said they have reached an agreement with the United Auto Workers on a second-tier wage for new hires. The seven-year agreement supplements th Delphi, Visteon reach...

Tags: agreement, company, Compuware Corp., Fidelity Investments, hire, hydrogen, UAW, Visteon Corp.
Union Ratifies Pact with American Axle & Manufacturing.

- 2004-03-09

By Jamie Butters, Detroit Free Press Knight Ridder/Tribune Business News Mar. 9--UAW members ratified a four-year contract with American Axle & Manufacturing Inc., after a one-day strike late last month that disrupted General Motors Corp. truck production. About 68...

Tags: agreement, Benefits, Detroit, General Motors Corp., manufacturing, salary, strike, UAW, Visteon Corp., worker
VISTEON STRENGTHENS POSITION WITH NEW FORD AGREEMENTS.

- 2003-12-23

(Full text of a statement, contact details below) (Full text of a statement, contact details below)

Tags: agreement, Visteon Corp.
BMC Industries Announces Technology Agreement with Visteon Corporation to Develop and Manufacture ETM Circuit Boards

- 2001-04-03

Business Editors & Technology Writers

Tags: Technology, BMC Software Inc., Visteon Corp., agreement