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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company and visteon corp. - All News and Analysis
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:...
Deal - or no deal? M&As rose in 2006, but wait continues for some that were expected.(Focus)
- 2007-01-29
Byline: Brent Snavely Acquisitions were up in 2006, but many of the most anticipated deals are still either underway or just didn't happen. Last year both began and ended with speculation about who would eventually own Delphi Corp., Collins & Byline:...
Visteon investors lose faith that company can find buyer for assets.(Visteon Corp.)
- 2006-10-02
Byline: Shannon Harrington Visteon Corp. investors are losing confidence the second-largest U.S. auto-parts maker will find a buyer for some of its assets as earnings decline, according to traders who bet on the creditworthiness of companies in th Byline: Shannon Harrington ...
State's public companies trail nation in 2nd-quarter earnings.(News)
- 2006-08-14
Byline: Tom Henderson The state's public companies continue to lag their national counterparts, according to two local experts' analysis of second-quarter earnings reports. David Sowerby, portfolio manager and chief market analyst for Bloomfiel Byline: Tom Henderson The...
Visteon targets 20 more plants.(restructuring)(Brief Article)
- 2005-11-14
Byline: Rhoda Miel Visteon Corp. already has turned 23 plants back over to Ford Motor Co., but the restructuring has not stopped yet. The auto supplier, which posted a $200 million loss in the third quarter on sales of $2.6 billion, has...
This Just In.(Handleman Co. acquires Crave Entertainment)(Visteon Corp. to restate earnings)(J. Michael Davis resigns from National City Corp.)
- 2005-10-24
Book Cadillac deal near, Detroit officials say The city is very close to completing a new deal for the redevelopment of the Book Cadillac hotel, city officials said. The plan calls for a Westin-branded hotel and a condominium development to be c...
Visteon.(PRODUCERS BRIEFS)
- 2005-10-01
Visteon will transfer 17 plants and six facilities to a new company managed by Ford Motor Co. on Oct. 1--the company that ... Visteon will transfer 17 plants and six facilities to a new company managed by Ford Motor Co. on Oct. 1--the company that...
Get the Latest 2005 Company Profile for Visteon Corporation Today
- 2005-09-19
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c24484) has announced the addition of Visteon Corporation 2005 Company Profile Edition 2 to their offering.
Industry risk report auto manufacturing
- 2005-05-01
INDUSTRY RISK REPORT AUTO MANUFACTURING There's more to making a car than conveyor belts and assembly lines, just ask people like Ford Motor Company's Laurie Champion. Find out what risk managers in the auto manufacturing industry are doing to drive up production levels and stay up to speed with...
Delphi, Visteon lobby to extend tax break.(News)
- 2005-02-21
Byline: Amy Lane Automotive suppliers Delphi Corp. and Visteon Corp. are lobbying to continue a multimillion-dollar tax break on sales to their former parent companies. Senate Bill 203, introduced last week by Sen. Shirley Johnson, R-Troy, woul Byline: Amy Lane...
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Glass Door
Visteon
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