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
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GM Purchasing Chief Leaves At Critical Time
News & Analysis
Filter by
strategy and visteon corp. - All News and Analysis
Planning for the Upturn
BNET
- 2008-08-04
Downturn? Upturn! It might sound like the PBS version of how the top-floor management tries to bewitch what's left of the rest of the company into being happy about the latest restructuring. But it could also be a sound plan for a firm that would otherwise simply flounder under...
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...
Visteon taps ex-Boeing exec as executive VP, CFO.(appointments)(Brief Article)
- 2004-05-31
Byline: Terry Kosdrosky Visteon Corp. (NYSE: VC) on Wednesday appointed former Boeing Co. and McDonnell Douglas Corp. executive James Palmer executive vice president and CFO. Palmer, 54, also will serve on the Dearborn-based auto supplier's strategy council. He...
Visteon's 'pay to play' is the wrong strategy.(Opinion)(Visteon asks supplier for prepayment, price reductions)(Brief Article)
- 2003-03-03
"Pay to play'' used to be the way cash-strapped school districts found money for "extras'' like sports and extracurricular activities. But Visteon Corp. may be taking that formula to a new extreme. As Crain's Detroit Business reported la "Pay to play'' used to...
Strong Sales Belie Suffering Auto Industry.
- 2002-02-02
By Ted Evanoff, The Indianapolis Star Knight Ridder/Tribune Business News Feb. 2--DETROIT--Rarely has the country seen financial turmoil coincide with a sales boom. But it's happening in an industry central to Indiana's economy. U.S. consumers paid almost $1 trillion...
Think Lean
- 2002-02-01
How do you help doctors, pharmacists, and nurses at a hospital get the right medicine to the right patients? It's not just a logistics problem; it's a test of how well -- or how poorly -- people in different areas divide up a complex task. And it's one of many...
Detroit Free Press Business People Column.(Knight Ridder/Tribune Business News)
- 2000-08-29
Aug. 30--CRAIG PHIPPS was appointed controller of the Detroit Jewish News and STYLE Magazine. Phipps, with broad experience in finance, accounting and operations, had served as controller of the Observer & Eccentric Newspapers in Livonia. DAVID TAMM has joined Comprehensive Data Processing Inc., a...
- 1
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Glass Door
Visteon
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