BNET Industries
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
(313) 755-2800
Peer Companies
NAICS Code All Other Motor Vehicle Parts Manufacturing: 336399
Recent Events
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VAN BUREN TOWNSHIP, Mich., Oct. 28, 2009 /PRNewswire-FirstCall/ -- Third Quarter Summary -- Product sales...
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Chrysler to pay Visteon as it exits businesses
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Visteon Corporation Names General Counsel
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Business news briefs: Visteon to give up contracts
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Auto parts maker Visteon taps new general counsel
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Visteon to close Eureka plant; loss of 94 jobs
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Local Protesters Target Crumbling Visteon
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Retirees fight Visteon
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Intermap Technologies Reports Second Quarter Financial Results
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HVAC Control reduces system complexity in vehicles.
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Statement from Visteon Corporation Welcoming General Electric to Van Buren Township
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Deadline looms for Carbon
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Weak bank stocks drag Dow lower
News & Analysis
Filter by
bankruptcy and visteon corp. - All News and Analysis
Analyst Says Visteon Bankruptcy Costly But Doable for Ford
BNET
- 2009-05-28
Supporting Visteon through bankruptcy could cost former parent Ford $500 million to $700 million, said an analyst for Barclays Capital. Neverthess, Ford probably can afford it, he said. by Jim Henry
Visteon Bankruptcy Puts More Pressure on Ford
BNET
- 2009-05-28
Ford and GM both spun off their parts operations years ago, but the former parents and the independent parts makers still exert a gravitational pull on each other. by Jim Henry
10 investors; Looking for bargains, big players descend on the auto industry.(Supplement)
- 2007-04-23
Byline: Brent Snavely, Automotive News Ron Burkle, Yucaipa Cos. L.L.C. The powerful friend of former President Clinton may soon control 70 percent of the U.S. car-hauling business. Burkle stepped into the Chapter 11 case of Decatur, Ga.-based Byline:...
Earnings roundup
- 2006-11-01
Several companies, including some based in Utah or with ties to the state, reported quarterly earnings results on Tuesday. Procter & Gamble Procter & Gamble posted a 33 percent jump in its first-quarter earnings as the world's largest consumer products company continues to reap the benefits...
Briefly.(Visteon Corp. (Dearborn, Michigan) accused for violating contract with American Axle & Manufacturing Inc.)(Mayco Plastics Inc. acquired NJT Enterprises L.L.C after filing for bankruptcy)(University of Michigan's licensing agreements)
- 2006-10-23
Visteon ordered to pay Am. Axle $14.9M in contract dispute An arbitration panel ruled that Van Buren Township-based Visteon Corp. (NYSE: VC) must pay American Axle & Manufacturing Inc. (NYSE: AXL) nearly $14.9 million for violating an agreement Visteon ordered to pay Am. Axle...
The ties that bind: Pension, health-care liabilities are hurting Visteon's future; Arrangement with Ford means auto parts supplier is in danger of bankruptcy.(News)
- 2003-04-14
Byline: Vineeta Anand DEARBORN, Mich. - Visteon Corp.'s ballooning pension and retiree health-care liabilities could bankrupt the company, some say. Because of an unusual arrangement with its former parent, Ford Motor Co., more than one-third of the unionized workers in Visteon ...
Companies push Loranger to bankruptcy.(Delphi Automotive Systems, Visteon)(Brief Article)
- 2002-01-07
Delphi Automotive Systems Corp. and Visteon Corp. have forced Loranger Manufacturing Corp. into bankruptcy and have won court action to require the Warren, Pa., processor to continue producing parts for the firms. The two automotive supply giants, Delphi Automotive Systems Corp. and Visteon...
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Glass Door
Visteon
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