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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Visteon proposes moving pension plans
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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
News & Analysis
Filter by
benefits and visteon corp. - All News and Analysis
Automakers craft hefty, creative buyout packages to shed workers
- 2006-03-28
Correction ran 3/29/2006: Buyout packages are being offered to some auto-parts workers by Automotive Components Holdings, a company responsible for selling off Visteon auto-supply plants. The company was incorrectly identified in a story and photo caption on 1B Tuesday. SALINE, Mich. -- For seven years, Wachauna Johnson has been...
Visteon to Slash Retiree Benefits
BNET
- 2005-07-01
Visteon Corp. is the latest among a growing number of companies, especially in the auto industry, to scale back benefits that had been promised to retirees. The embattled auto-parts maker - once a unit of Ford Motor Co. - warned employees that it will cut back on post-retirement health coverage...
Largest Indiana employers
- 2004-10-18
Largest Indiana Employers Ranked by number of FTE employees in Indiana ...
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...
Sales of pricey trucks boost Ford's earnings forecast
- 2003-12-23
Ford Motor said Monday that it will take a $1.6 billion pretax charge in the fourth quarter, but investors focused instead on its improved operating earnings forecast for 2003 and sent Ford's stock to a new 52-week high anyway. The charge relates mainly to Ford's assumption of some health...
Ford Will Take Back Visteon Burdens.
- 2003-12-23
By Jamie Butters, Detroit Free Press Knight Ridder/Tribune Business News Dec. 23--Three and a half years after spinning off its parts division as Visteon Corp., Ford Motor Co. took back responsibility for $1.65 billion in the supplier's future retiree benefits -- and...
$460m health tab could mean big Visteon changes.(Rumblings)(Visteon Corp.)
- 2003-11-17
Visteon Corp.'s looming $460 million-a-year obligation to former parent Ford Motor Co. to cover retiree health care will be the hot topic between the two companies as they renegotiate the separation agreement, an industry analyst said. Visteon cannot afford to pay that yearly tab,...
Largest Indiana employers
- 2003-10-20
Largest Indiana Employers Ranked by number of FTE employees in Indiana ...
UAW extension could help Visteon ensure its long-term financial health.(News)(labor negotiations)
- 2003-09-29
Byline: David Sedgwick Visteon Corp.'s labor negotiations are going into overtime. The United Auto Workers has accepted a 90-day extension of its contract talks with Visteon (NYSE: VC) to give it more time to work out details of Visteon's attempted turnaround. According...
Visteon, Ford ink labor deal
- 2003-09-16
DETROIT -- The Ford Motor Co. and the auto parts giant Visteon said late Monday evening that they had reached tentative agreement on a four-year labor contract with the United Automobile Workers union. The deal was the second announced Monday between the union and a Big Three automaker,...
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