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

News & Analysis

marketing and visteon corp. - All News and Analysis

  • Transactions

    - 2007-03-01

    In the largest sale of its kind in the Detroit Region in 2006, Grubb & Ellis Co. b represented private investors MTC Associates and Ontario-based LePage's 2000 in the sale of a 346,000-square-foot warehouse/distribution center at 12900 Huron River Drive near Detroit Metropolitan Airport in Romulus. LePage's 2000, a manufacturer...

    Tags: Branding, FINANCE, Ford Motor Co., Manufacturing, MARKETING, Ontario, Visteon Corp.

  • Fitch 2007 U.S. Automotive Supplier Outlook: Stuck In Reverse

    - 2006-12-06

    CHICAGO -- In 2007, the U.S. automotive supply industry will continue to face substantial challenges. As in 2006, declining OEM unit volume and mix issues, pricing pressure and sustained high raw material costs will continue to constrain cash flow across the sector. This will also limit any improvement in balance...

    Tags: Fitch, Ford Motor Co., General Motors Corp., MARKETING, OEM, revenue, supplier, Visteon Corp.

  • Bellwether Report.com Issues an Alert for Visteon Corp.

    - 2006-08-22

    M2 PRESSWIRE-22 August 2006-bellwetherreport.com: Bellwether Report.com Issues an Alert for Visteon Corp.C1994-2006 M2 COMMUNICATIONS LTD RDATE:22082006 The Bellwether Report Takes Notice of Visteon Corp. (NYSE:VC) Visteon is the futuristic-sounding name Ford Motor bestowed on its automotive components unit...

    Tags: FINANCE, Ford Motor Co., MARKETING, Visteon Corp.

  • Simulation saves.(Business Sense)

    - 2005-11-01

    According to market research firm Daratech (www.daratech.com), 80% of product costs are incurred during the first 20% of the design and development process. And that's the reason Daratech recommends use of simulation technologies to avoid unnecessary design rework and costly physical prototypes. The company says that...

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

  • Visteon Corp

    - 2005-07-01

    Visteon Corp. received the 2005 Frost & Sullivan Award for Product Innovation Leadership in Infotainment. The award recognizes Visteon offerings like the Dockable Family Entertainment System, satellite radio systems supporting both XM and Sirius satellite radio services, and radios featuring high-quality compressed audio playback capabilities. Frost & Sullivan is a...

    Tags: Frost & Sullivan, MARKETING, NETWORKING, Visteon Corp.

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