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
News & Analysis
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supplier and visteon corp. - All News and Analysis
Visteon Honors Flint High School Senior With National Association of Black Automotive Suppliers' Scholarship Award
VAN BUREN TOWNSHIP, Mich., May 12, 2008 /PRNewswire/ -- Tarik Everett, a senior at Flint Central Academy, was named Visteon Scholar at the National Association of Black Automotive Suppliers' NABAS 20th Annual Scholarship Awards Banquet on May 6 at the Renaissance Center in Detroit, Mich.
Yanfeng Visteon Automotive Electronics Wins Supplier Quality Excellence Award from Shanghai General Motors
SHANGHAI, China, May 7, 2008 /PRNewswire/ -- Yanfeng Visteon Automotive Electronics Co. Ltd. YFVES, a joint venture between Visteon Corporation and Yanfeng Visteon Trim Systems Co., Ltd., recently received Shanghai General Motors' SGM Supplier Quality Excellence Award. The coveted award recognizes YFVES' outstanding achievements in 2007.
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 ...
VISTEON TO BUY MORE AUTO PARTS IN CHINA
AsiaInfo Services 02-28-2007 Visteon to Buy More Auto Parts in China SHANGHAI, Feb 28, 2007 SinoCast via COMTEX -- Visteon Corporation, the world's largest auto parts maker, said it would buy more auto parts in China so as to cut its...
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...
Suppliers brace for Ford production cuts; Visteon, Lear, JCI make cuts of their own.
Byline: Robert Sherefkin, David Barkholz Crain News Service Ford Motor Co.'s accelerated restructuring plan will worsen an already alarming loss of business for North American suppliers that count on Ford for large chunks of business. On Friday, Byline: Robert Sherefkin, David...
Bargain-hunters see suppliers' stocks as a good investment.(News)
Byline: Julie Armstrong Crain News Service It may be the worst of times for suppliers overly dependent on the Big Three. But bargain-hunting investors have their eyes on a few sleepers - including the revamped Van Buren Township-based Visteon Corp. Byline: Julie Armstrong Crain...
Ford to bail out parts supplier
Ford Motor announced Wednesday that it will come to the aid of its largest parts supplier, Visteon, by temporarily taking control of 24 plants and other facilities in the USA and Mexico. The rescue operation for money-losing Visteon, a former Ford subsidiary, could cost the automaker $1.1 billion in...
Big supplier bankruptcies part of sector's cash-flow crisis.(News)
Byline: Robert Sherefkin Crain News Service It all boils down to cash. As Ford Motor Co. and General Motors Corp. cut production, a number of suppliers are sinking into a cash-flow crisis. The latest victim is Collins & Aikman Corp.,...
Michigan's job, economic outlooks for 2005 appear stable.
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...
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Glass Door
Visteon
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