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
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borland delphi and supplier and visteon corp. - All News and Analysis
Big supplier bankruptcies part of sector's cash-flow crisis.(News)
- 2005-05-23
Byline: Robert Sherefkin Crain News Service It all boils down to cash. As Ford Motor Co. and General Motors Corp. cut production, a number of suppliers are sinking into a cash-flow crisis. The latest victim is Collins & Aikman Corp.,...
Telematics Balancing act; Suppliers struggle to advance telematics while minimizing driver distraction.(Technology)(Brief Article)
- 2002-09-16
Byline: Andrew Dietderich Remember when stepping in your car and getting there was enough? Well, it's not anymore. Today, because of the emergence of automotive telematics, driving is all about getting there while having your car tell you how to Byline:...
JCI deal blocks Delphi, Visteon sponsorship of auto show.(Johnson Controls Inc., Delphi Automotive Systems Corp., Visteon Corp., 2002 North American International Auto Show)(Brief Article)
- 2001-10-15
The world's two largest auto suppliers will be left out in the cold in January when the Detroit auto show increases supplier participation. Delphi Automotive Systems Corp. and Visteon Corp. are not allowed to become sponsors of the 2002 North Amer The world's...
Suppliers steer toward aftermarket with gusto.(Company Profile)(Industry Overview)(Statistical Data Included)
- 2000-06-01
Two automotive suppliers are heading toward the aftermarket with a newfound passion. But some warn that their strategies may actually entice automakers to put the squeeze on them. "If they could enhance their financial viability through t Two automotive...
WWW.Drivethefuture;Web access and other high-tech gadgetry may soon be available in your automobile. Making sure that happens will be suppliers like Delphi, Visteon and Siemens Automotive.(Brief Article)
- 2000-03-06
Coming soon to a car near you: the Internet. As soon as 2001, Ford Motor Co. and DaimlerChrysler AG plan to offer Web access as an option in their cars. At the Geneva Auto Show in early March, PSA Peugeot Citroen announced plans for a...
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Glass Door
Visteon
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