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
-
VAN BUREN TOWNSHIP, Mich., Oct. 28, 2009 /PRNewswire-FirstCall/ -- Third Quarter Summary -- Product sales...
-
Chrysler to pay Visteon as it exits businesses
-
Visteon Corporation Names General Counsel
-
Business news briefs: Visteon to give up contracts
-
Auto parts maker Visteon taps new general counsel
-
Visteon to close Eureka plant; loss of 94 jobs
-
Local Protesters Target Crumbling Visteon
-
Retirees fight Visteon
-
Intermap Technologies Reports Second Quarter Financial Results
-
HVAC Control reduces system complexity in vehicles.
-
Statement from Visteon Corporation Welcoming General Electric to Van Buren Township
-
Deadline looms for Carbon
-
Weak bank stocks drag Dow lower
News & Analysis
Filter by
visteon corp. and worker - All News and Analysis
Automakers craft hefty, creative buyout packages to shed workers
- 2006-03-28
Correction ran 3/29/2006: Buyout packages are being offered to some auto-parts workers by Automotive Components Holdings, a company responsible for selling off Visteon auto-supply plants. The company was incorrectly identified in a story and photo caption on 1B Tuesday. SALINE, Mich. -- For seven years, Wachauna Johnson has been...
Visteon has offered workers a lump-sum buyout.(Tip sheet: key metrics and supply alert)(Brief Article)
- 2004-12-09
* Visteon has offered workers a lump-sum buyout, seeking to stem mounting losses now that vehicle production cuts at Ford Motor, its largest customer and former parent, are taking their toll. The Dearborn, Mich.-based parts supplier ... * Visteon has offered workers a lump-sum...
Visteon plans major retooling to fix woes; Worker shifts, asset sales possible, analysts say.(News)
- 2004-09-27
Byline: Terry Kosdrosky A North American restructuring is in the works at auto supplier Visteon Corp., with analysts predicting possible sales and transfers to former parent Ford Motor Co. In a news release earlier this month, President and CEO Byline:...
Early retirements would help trim costs for Ford, Visteon Corp.
- 2004-06-29
By Jeffrey McCracken, Detroit Free Press Knight Ridder/Tribune Business News Jun. 29--Ford Motor Co. and Visteon Corp. are offering $35,000 per person to entice older hourly UAW workers to retire, part of a deal announced late last year to slowly move Visteon...
Bedford, Ind., Visteon Auto Parts Plant Could Lose Almost Half Its' Workers.
- 2004-04-17
By Brian Werth, Herald-Times, Bloomington, Ind. Knight Ridder/Tribune Business News By Brian Werth, Herald-Times, Bloomington, Ind. Knight Ridder/Tribune Business News
Union Ratifies Pact with American Axle & Manufacturing.
- 2004-03-09
By Jamie Butters, Detroit Free Press Knight Ridder/Tribune Business News Mar. 9--UAW members ratified a four-year contract with American Axle & Manufacturing Inc., after a one-day strike late last month that disrupted General Motors Corp. truck production. About 68...
Visteon lays off 80 workers.(News)(Brief Article)
- 2004-02-09
Auto supplier Visteon Corp. laid off 80 salaried employees in late January to cut costs. Most of those cut were quality engineers and managers, according to a person familiar with the company who didn't want to be named. Dearborn-based Visteon con Auto supplier...
The ties that bind: Pension, health-care liabilities are hurting Visteon's future; Arrangement with Ford means auto parts supplier is in danger of bankruptcy.(News)
- 2003-04-14
Byline: Vineeta Anand DEARBORN, Mich. - Visteon Corp.'s ballooning pension and retiree health-care liabilities could bankrupt the company, some say. Because of an unusual arrangement with its former parent, Ford Motor Co., more than one-third of the unionized workers in Visteon ...
Michigan Auto Supplier Visteon Halts 401(k) Matches, but Gives Some Raises.
- 2001-12-03
By Jamie Butters, Detroit Free Press Knight Ridder/Tribune Business News Dec. 3--Visteon Corp. has joined other major players in the auto industry that are trying to save money by suspending contributions to employee retirement accounts. But the Dearborn auto supplier has also decided...
Ford, Visteon and UAW Unveil Family Service and Learning Center Program.(Ford Motor Co., Visteon Corp., United Automobile Workers)(Brief Article)
- 2001-02-01
On November 21, Ford Motor Company, Visteon Corporation and the United Auto Workers UAW announced the creation of a new program that will create an integrated array of programs and services for UAW members and salaried employees from Ford and Visteon, and for their families and ...
- 1
- 2
Industry Transcripts by Seeking Alpha
-
Advance Auto Parts, Inc. Q3 2009 (Qtr End 10/10/09) Earnings Call Transcript
on Nov 12, 2009about AAP
-
Sauer-Danfoss Inc Q3 2009 Earnings Call Transcript
on Nov 10, 2009about SHS
-
ArvinMeritor Inc. F4Q09 (Qtr End 09/30/2009) Earnings Call Transcript
on Nov 10, 2009about ARM
-
TravelCenters of America LLC Q3 2009 Earnings Call Transcript
on Nov 09, 2009about TA
-
Delek US Holdings Inc. Q3 2009 Earnings Call Transcript
on Nov 05, 2009about DK
Glass Door
Visteon
IndustryTop Rated
- Siemens Builds Electric Bike for American Chopper TV Show 3 votes
- Women Car Buyers Still Met With Dealer Disrespect 2 votes
- Ford Bandwagon Rolling But It's Too Soon to Hop On 2 votes
- Lithium-Ion Batteries Could be Too Expensive, MIT Team Says 2 votes
- Ford Readies EV Fleets, Prepares to Connect to the Smart Grid 2 votes
