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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car and visteon corp. - All News and Analysis
Auto woes manufacture city's decline
YPSILANTI, Mich. -- Look at a map of Ypsilanti and draw your finger along Ford Street and over to the Ypsilanti Automotive Heritage Museum, home to obscure cars once built here. Or circle around to Factory Street and Ford Lake, a man-made invention created when Henry Ford brought the promise...
Car suppliers will be hit by falling sales
DETROIT -- Gloomy earnings predictions for automakers are trickling down to their suppliers, who analysts say will be hurt by curtailed output amid sagging sales. Already this month, General Motors Corp. has said it will cut second-quarter production by 10.5 percent and Ford Motor Co. plans a 17...
Telematics Balancing act; Suppliers struggle to advance telematics while minimizing driver distraction.(Technology)(Brief Article)
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:...
Future cars will make today's look like clunkers.
In fewer than 120 years, automobiles have evolved from ungainly, unreliable and uncomfortable horseless carriages to fabulously clean, comfortable and efficient machines. Consider the typical car of 1915. Fuel stations were few and far between, so In fewer than 120 years, automobiles have...
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)
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...
Automotive plastics
Heightened awarenessDon Vesey, supervisor, Composites, Plastics, and Textiles, at Chrysler Corp., characterizes the company's position on plastics as an evolving awareness of expanding opportunities in material selection. "The important thing is to learn to use any material most effectively; and that is what we try to do as the choices...
Recycling revs automakers
DETROIT - As global pressure mounts for plastics recycling, North American automakers plan to heed the call by switching to instrument panels made entirely from one material. Consider the array of current and upcoming products in an area once considered future fancy: Engineers at General...
Visteon: a new kind of auto supplier
To prepare for the expanding invasion of electronics into automobiles, the Ford Motor Company reorganized its wholly-owned parts suppliers--and its joint venture partners--into a single new corporation called Visteon. First unveiled at the Frankfurt Auto Show last September, Visteon made its U.S. debut last week in Detroit at the 1998...
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Glass Door
Visteon
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