BNET Industries

Visteon Corp.

(VC) is in the Auto Industry

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

visteon.com

(313) 755-2800

Peer Companies

NAICS Code All Other Motor Vehicle Parts Manufacturing: 336399

Company News

Recent Events

Visteon proposes moving pension plans

12/18/09 - Bankruptcy Filings - View Story
VAN BUREN TOWNSHIP, Mich., Oct. 28, 2009 /PRNewswire-FirstCall/ -- Third Quarter Summary -- Product sales...

10/28/09 - Financial Announcement - View Story
Chrysler to pay Visteon as it exits businesses

10/05/09 - Joint Venture / Alliance - View Story
Visteon Corporation Names General Counsel

9/24/09 - Mgmt. Change Entering - Vice President - View Story
Business news briefs: Visteon to give up contracts

10/03/09 - Joint Venture / Alliance - View Story
Auto parts maker Visteon taps new general counsel

9/18/09 - Mgmt. Change Entering - Legal - View Story
Visteon to close Eureka plant; loss of 94 jobs

9/25/09 - Bankruptcy Filings - View Story
Local Protesters Target Crumbling Visteon

8/14/09 - Bankruptcy Filings - View Story
Retirees fight Visteon

8/14/09 - Financial Announcement - View Story
Intermap Technologies Reports Second Quarter Financial Results

8/06/09 - Joint Venture / Alliance - View Story
HVAC Control reduces system complexity in vehicles.

7/29/09 - Product Announcement - View Story
Statement from Visteon Corporation Welcoming General Electric to Van Buren Township

6/26/09 - Planned Site Openings - View Story
Deadline looms for Carbon

6/26/09 - Bankruptcy Filings - View Story

News & Analysis

crain and visteon corp. - All News and Analysis

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:...

Tags: Borland Delphi, company, Crain, General Motors Corp., Kirk Kerkorian, Lear Corp., M&A, Visteon Corp.
This Just In.

- 2004-08-09

Deal near for Ruth's Chris Steakhouse at Ford Field A major franchisee for Ruth's Chris Steakhouse Inc. said last week that plans for a restaurant at Ford Field are nearing completion. "I think we have a good deal and a good development,''...

Tags: Crain, Ford Motor Co., supplier, Visteon Corp.
Week In Review.

- 2001-06-04

DTE, Entergy to build power plant in Illinois Ann Arbor-based DTE Energy Services and The Woodlands, Texas-based Entergy Wholesale Operations plan to build a jointly-owned, 320-megawatt, natural-gas-fired electricity generating plant in Will Count DTE, Entergy to build power plant in Illinois ...

Tags: Crain, El Paso Corp., Visteon Corp.
Week in review.(Brief Article)

- 2000-04-10

Meritor, Arvin merge, create $7.5 billion company Troy-based Meritor Automotive Inc. (NYSE: MRA) is merging with another auto supplier, Indiana-based Arvin Industries Inc., to create a manufacturer of heavy-vehicle parts, exhaust systems and replacem Meritor, Arvin merge, create $7.5 billion company Troy-based Meritor Automotive Inc....

Tags: company, Crain, Visteon Corp.
GM SPINOFF HAS UAW WARY OF VISTEON EFFORT.

- 1999-09-20

Second suddenly may be a bad position for Ford Motor Co. The Dearborn, Mich., automaker long has been second to General Motors Corp. in automotive sales. Nonetheless, Ford profited handsomely -- in fact, it topped GM's profit the last two years, i Second...

Tags: Borland Delphi, Crain, Ford Motor Co., General Motors Corp., UAW, Visteon Corp., worker

DELPHI EXPERIENCE MAKES UAW WARY OF VISTEON SPINOFF.

- 1999-09-13

Second may suddenly be a bad position for Ford Motor Co. The Dearborn automaker has long been second to General Motors Corp. in automotive sales but profited handsomely nonetheless, in fact topping GM's profits the last two years - including by a 10-to-1 ...

Tags: Crain, Ford Motor Co., General Motors Corp., UAW, Visteon Corp., worker
RUMBLINGS.

- 1999-09-13

Visteon workers ask Ford to save `family' Union workers, analysts and former Ford employees say they hope one person might stand in the way of a spinoff or sale of Visteon Automotive: Ford Chairman William Clay Ford Jr. ``He really...

Tags: Crain, Ford Motor Co., Visteon Corp.