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
Filter by
job and visteon corp. - All News and Analysis
Visteon to Create Jobs With New Manufacturing Plant in Eureka, Missouri, to Support Business Growth
- 2007-06-20
To: LABOR EDITORSTo: LABOR EDITORS
Visteon to cut 900 salaried jobs after posting $177M loss.(News)
- 2006-11-06
Byline: Brent Snavely Visteon Corp. said Tuesday that it plans to cut 900 salaried positions after production cuts by customers led to a loss of $177 million, which fell short of Wall Street expectations. Jim Fisher, Visteon's director of corpor Byline:...
Incentives sought for ex-Visteon plants.(Ford Motor Co to acquire Visteon Corp and is lobbying for legislation for new jobs )
- 2006-05-15
Byline: Amy Lane Ford Motor Co. is lobbying for legislation that could help it bring new jobs and investment to Michigan and attract buyers for former Visteon Corp. plants. Two bills, passed by a House committee last week and on a fast...
Automakers craft hefty, creative buyout packages to shed workers
- 2006-03-28
Correction ran 3/29/2006: Buyout packages are being offered to some auto-parts workers by Automotive Components Holdings, a company responsible for selling off Visteon auto-supply plants. The company was incorrectly identified in a story and photo caption on 1B Tuesday. SALINE, Mich. -- For seven years, Wachauna Johnson has been...
Auto woes manufacture city's decline
- 2006-01-11
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...
Ford deal won't save Visteon from job cuts.(News)(Ford Motor Co.)
- 2005-05-30
Byline: Terry Kosdrosky The life preserver Ford Motor Co. threw Visteon Corp. last week won't prevent more job cuts at the auto supplier. Despite a pending agreement where Ford would take over 24 unprofitable plants and 17,400 hourly workers, Vi Byline:...
Michigan's job, economic outlooks for 2005 appear stable.
- 2004-12-03
By Alejandro Bodipo-Memba, Detroit Free Press Knight Ridder/Tribune Business News Dec. 3--Michigan's job outlook and overall economic fortunes heading into 2005 look to be modestly stable, despite sluggish auto sales and production cuts that two of Detroit's automakers announced Wednesday. But...
Visteon, ArvinMeritor have more women at the top.(Statistical Data Included)
- 2002-03-18
The executive organizational charts at ArvinMeritor Inc. and Visteon Corp. differ from those of most automotive suppliers. They have women on them - more than any other suppliers in metro Detroit. Visteon and ArvinMeritor set the pace in the sup The...
Dearborn, Mich.-Based Auto Supplier Visteon Cuts 150 Engineering Positions.
- 2002-01-30
By Jeffrey McCracken, Detroit Free Press Knight Ridder/Tribune Business News Jan. 30--Auto supplier Visteon Corp. has eliminated 150 engineering jobs in southeast Michigan, effective immediately. These salaried and contract engineers for the Dearborn-based supplier were informed Tuesday they were losing their jobs....
Visteon cuts 1,800 jobs
- 2001-04-05
DETROIT AP -- Squeezed by a slowdown in U.S. auto sales, auto parts supplier Visteon Corp. said Wednesday it plans to cut 1,800 jobs in a restructuring push to pare overhead costs and bolster customer service.
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Visteon
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