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
revenue and visteon corp. - All News and Analysis
Tale of 3 suppliers: $333M lost; restructuring is main culprit; But all losses are not created equal, analysts say.(News)
Byline: Brent Snavely Three large U.S. auto suppliers last week said they posted a combined loss of $333 million during the quarter that ended March 31, with a sizable chunk of those losses stemming from one-time restructuring charges. But leve ...
Fitch 2007 U.S. Automotive Supplier Outlook: Stuck In Reverse
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...
Earnings roundup
Several companies, including some based in Utah or with ties to the state, reported quarterly earnings results on Tuesday. Procter & Gamble Procter & Gamble posted a 33 percent jump in its first-quarter earnings as the world's largest consumer products company continues to reap the benefits...
Business news in brief
IN THE REGION Berwyn firm and IBM expand medical-image archiving A Berwyn company that has developed software for archiving medical-imaging records and IBM announced technology for hospitals yesterday that can store and retrieve all digital medical images in case of a hurricane, fire, or computer-system interruption. The company,...
Streetinvesting.com Releases Mid Day Gainers.
M2 PRESSWIRE-11 March 2005-www.streetinvesting.com: Streetinvesting.com Releases Mid Day GainersC1994-2005 M2 COMMUNICATIONS LTD RDATE:11032005 The Street Team has identified three companies that have had some impressive announcements this week and have met the "Street" Investment Philosophy. Visteon Corporation...
Forty under Forty.(Special Report)(profiles of Detroit-area executives under 40 years old )
Douglass Diggs, 38 Director of community and economic development Detroit Renaissance Inc. Detroit Biggest achievement: Creation of the Detroit Community Loan Fund. Current goal: Create a technical-assistance center for small businesses in Detroit. ...
Visteon Corp. (NYSE: VC).(Brief Article)(Company Profile)(Statistical Data Included)
1999 revenue: $19.4 billion First quarter 2000 revenue: $5.2 billion 1999 earnings: $735 million First quarter 2000 earnings: $147 million Total shares: 130 million Shareholders: 190,000 Employees: 81,000 Operations: 130 in 23 countries Local employm 1999 revenue: $19.4 billion First quarter 2000 revenue: $5.2 billion...
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Glass Door
Visteon
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