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

NAICS Code All Other Motor Vehicle Parts Manufacturing: 336399

Recent Events

  • 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

  • Weak bank stocks drag Dow lower

    6/17/09 - Bankruptcy Filings - View Story

  • GM Purchasing Chief Leaves At Critical Time

    6/12/09 - Bankruptcy Filings - View Story

News & Analysis

finance and visteon corp. - All News and Analysis

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