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

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

plastics and visteon corp. - All News and Analysis

Plastics suppliers for sale; But funds to buy them are hard to come by.(Visteon Corp. spun off businesses)(Delphi Corp., Collins & Aikman Corp., seeking Chapter 11 bankruptcy protection)

- 2006-03-20

Byline: Rhoda Miel The turmoil shaking through North America's automotive supply industry is putting huge players in the plastics industry up for sale and raising one big question - who, exactly, is in the fiscal shape to invest in them? Troy-b...

Tags: Lear Corp., plastics, Visteon Corp., Chapter 11 bankruptcy protection, Delphi Corp.
Top molders don't escape tough times.(Opinion)

- 2005-10-17

The past few weeks it seems like there's not much good news for plastics processors. Resin prices are going up. Every day, it seems, there's some new development that hints that prices will go even higher. In the meantime, energy prices are...

Tags: asset sale, plastics, Visteon Corp.
Ford Mustang door takes grand prize.

- 2004-11-15

Byline: Rhoda Miel Hop into the 2005 Ford Mustang and crank up the stereo. You're not just listening to classic rock or the latest hip-hop, you're hearing the sound of a plastics breakthrough. The sports car marks the debut of an acoustic...

Tags: Ford Motor Co., plastics, Visteon Corp.
Newsclips.(Briefs)

- 2004-10-18

BASF EPS site continues force majeure FLORHAM PARK, N.J. - BASF Corp. is maintaining force majeure at its expanded polystyrene plant in South Brunswick, N.J., even though styrene monomer feedstock supply has been restored. The Florham Park firm BASF EPS...

Tags: company, plastics, Visteon Corp.
Looking back at 2003 events.(News)(Calendar)

- 2004-06-14

January: An uncertain economy, talk of war with Iraq and trade issues with China weigh down processors' optimism heading into the new year, according to a Plastics News fax poll. February: Automotive supplier Visteon Corp. of Dearborn, Mich., igni January: An uncertain economy,...

Tags: plastics, supplier, Visteon Corp.

Plastics prominent at Germany auto show.

- 2001-09-17

The global auto industry is increasing its interest in plastics, with automakers and suppliers debuting a series of polymer-intensive machines and components during the Frankfurt International Motor Show in Frankfurt, Germany. Systems making their The global auto industry is increasing its interest in...

Tags: automobile company, company, electronics, plastics, supplier, Visteon Corp.
Michael Day gives regrind new lease on life.(Brief Article)

- 2000-11-27

WADSWORTH, OHIO -- After successfully commercializing a method to restore automotive plastics regrind, Michael Day Enterprises Inc. is ready to offer the process to other industries. Michael Day, an independent compounder of engineering thermoplastics in Wadsworth, developed the method it calls "rejuvenation" two...

Tags: Ford Motor Co., Ohio, plastics, Visteon Corp.
ACI `liberates' instrument-panel plastics.(Brief Article)

- 2000-04-24

FLINT, MICH. -- Two months into a joint venture with a German company, the machines at American Commodities Inc. are tearing through scrap instrument panels shipped in from two Visteon Automotive Systems manufacturing sites. Using the technology d FLINT, MICH. -- Two months...

Tags: automobile company, Lieberman Software Corp, plastics, Visteon Corp.
Automotive plastics

- 1998-09-01

Heightened awarenessDon Vesey, supervisor, Composites, Plastics, and Textiles, at Chrysler Corp., characterizes the company's position on plastics as an evolving awareness of expanding opportunities in material selection. "The important thing is to learn to use any material most effectively; and that is what we try to do as the choices...

Tags: car, Chrysler LLC, Ford Motor Co., injection, nylon, plastics, polymer, technology, The Dow Chemical Co., Visteon Corp.
Visteon levels laser at resin firms, recyclers

- 1998-05-25

DEARBORN, MICH. - Looking like a leftover prop from Star Wars, a point-and-shoot laser gun could usher in a new era for plastic auto-parts recycling. With the financial backing of Ford Motor Co.'s Visteon parts-making unit, the device is no plaything.DEARBORN, MICH. - Looking like a...

Tags: Visteon Corp., laser, plastics