Visteon Corporation - automotive industry company news 
December 2011 management briefing: Review of 2011 (part 2)
23 December 2011
Like any year in the auto industry, 2011 saw its fair share of company ups and downs, industrial comings and goings, and a fair old sprinkling of corporate drama. Added to the mix this year were devastating natural disasters. We covered it all on just-auto. Editor Dave Leggett sifts through the lot and picks out a few highlights from the year just gone, month by month. Part two covers the second half of the year.
CHINA: Visteon interiors sale to Chinese JV creates US$4bn company
30 November 2011
Visteon and Huayu Automotive Systems Co (Hasco) say the companies' existing China joint venture, Yanfeng Visteon Automotive Trim Systems (YFV) and Visteon, have signed a non-binding memorandum of understanding (MoU) that would combine the majority of Visteon's global interiors business with YFV
BRAZIL: Visteon raises production of connectivity radios
28 November 2011
Visteon Corporation says it is supporting vehicle manufacturers and dealers by increasing production of radios with connectivity-related features as Brazilian consumers ask for more on-board entertainment systems.
US: Visteon CEO's lighting division sale potential comments confirmed
16 November 2011
Authoritative sources in the US have confirmed Visteon chief executive Don Stebbins' comments the supplier could dispose of its lighting business.
GERMANY: Visteon supplies HVAC on Volkswagen up!
16 November 2011
Visteon has announced that it is supplying the heating, ventilation and air conditioning (HVAC) system for the Volkswagen Group's new small family car, the Volkswagen up!
US: Visteon CEO raises possibility of lighting unit sale
15 November 2011
Visteon's CEO has said that the company's lighting business is hurting its margins and that it is possible the unit could do better under a different owner.
US: Visteon quiet on lighting and interior divestment speculation
7 November 2011
Tier one supplier Visteon is remaining quiet concerning speculation it is to divest two of its units after posting third quarter results back in the black.
THE WEEK THAT WAS: Q3s and floods...
4 November 2011
I tend to view the quarterly results season, treated most seriously by US-based OEMs and suppliers, with a mixture of interest, resignation and dread.
US: Visteon Q3 results back in the black
4 November 2011
Tier one supplier Visteon was back in the black in the third quarter of 2011, reporting net income of US$41m, or 79 cents a share, on sales of up about 20% to $2.04bn. That contrasted with the net loss of $140m on sales of $1.70bn booked in the third quarter of 2010. Adjusted Q3 EBITDAwas $166m versus $149m in 2010.
BRAZIL: Visteon plant sets production record
26 October 2011
Visteon Corporation's manufacturing plant in Manaus, Brazil, set a monthly production record in August, making 100,000 electronic components for the first time.
US: Visteon names new CFO
17 October 2011
Visteon Corporation has named Martin Welch executive vice president and chief financial officer, effective from today.
CHINA: Visteon to invest in Chery HVAC subsidiary
22 August 2011
Visteon Corporation has announced its intention to invest in Wuhu Bonaire Auto Electrical Systems Co., Ltd. (Bonaire), a subsidiary of Chery Technology and a major supplier of climate products to Chinese vehicle manufacturer Chery Automobile Co., Ltd.
THE WEEK THAT WAS: EV range and recharge time, discuss
5 August 2011
This week brought the usually highly diverse and entertaining mix of auto news and opinion with EVs, range and use of, discuss, featuring rather prominently.
US: Visteon books profit, raises outlook
5 August 2011
Visteon, which emerged from bankruptcy last year, posted a quarterly profit and raised its full year revenue outlook for a second time as new business generates annual sales of more than US$250m.
SPAIN: Visteon axes Cadiz plant with 386 job losses
24 June 2011
Visteon is to permanently close its Cadiz Electronica assembly plant with the loss of 334 hourly and 52 salaried posts.
BELGIUM: CLEPA Light.Sight.Safety initiative chairman appointed
17 June 2011
European supplier association CLEPA has appointed Lex Krzyzanowski as chairman of its 'Light.Sight.Safety' initiative for the period 2011-2012.
US: Some redundancies as Automotive Components Holdings spins off moulded fuel-tank business
24 May 2011
Ford division Automotive Components Holdings (ACH) has sold its blow-moulded fuel tank business to Plastic Omnium, with some compulsory redundancies expected out of the 500-strong workforce.
US: Visteon expands board, adds two independents
12 May 2011
Visteon Corporation will appoint two new independent directors to its board after its 2011 annual shareholders meeting on 9 June, 2011.
US: Visteon Q1 net profit shrinks after '10 special items
5 May 2011
Visteon Corporation first quarter 2011 net profit was $39m, or $0.75 per share, on product sales of $1.97bn, compared with net income of $233m on product sales of $1.85bn for the first quarter of 2010. But last year's result included a $237m net gain related to the termination of company-paid medical, prescription drug and life insurance coverage benefits under US post-retirement employee benefit (OPEB) plans. Adjusted EBITDA for Q1 2011 was $159m, compared with $161m in first quarter 2010.
Q&A with Visteon: Automotive lighting
11 March 2011
In this Q&A, just-auto talked with Dr Rainer Neumann, director of global lighting business development, Visteon, about the company’s light system innovations.
US: Visteon shares fall on lower Q4 profit
10 March 2011
Visteon shares fell back by 10% on the NYSE yesterday after the company reported a fall in its Q4 profits. However, the company posted solid full year 2010 results and the CEO was upbeat about the company's reorganisation and prospects.
US: Ford suppliers add 5,500 jobs for new Focus
28 February 2011
Ford said that many of the 310 suppliers in 22 countries making parts for the redesigned Focus have added added a total of 5,500 jobs plus facilities and equipment to produce parts for the vehicle while others have at least been able to maintain employment levels.
RESEARCH ANALYSIS: Powertrain cooling system trends
27 January 2011
Demands on powertrain cooling product performance, packaging and cost are continually increasing. As automakers expect economical solutions that help reduce emissions from cars and trucks, Matthew Beecham reports on how the leading suppliers are responding.
BRAZIL: Visteon raises investment in Brazil
24 November 2010
Visteon is to make a multi-million dollar investment to expand its interiors and electronics production capacity in Brazil.
Q&A with Visteon
23 November 2010
In this interview, Matthew Beecham talked with Guillaume Hebert, EGR product development manager, Nigel Seeds, senior application engineer, and Richard Armsden, senior application engineer, about Visteon's powertrain cooling system products and innovations.
US: Visteon Q3 net loss up
27 October 2010
Visteon, which emerged recently from bankruptcy, has posted a third quarter net loss of US$140m on product sales up $26m year on year to $1.7 bn.
BRAZIL: Mobility engineering under discussion
22 October 2010
Two important events fuelled mobility engineering in Brazil this month. The most recent, the SAE Brasil 19th International Congress and Exhibition, focused on the competence of Brazilian engineering for the mobility of the future. There were three days of presentations and debates, 20 panels and 140 technical papers, besides numerous stands, almost a mini motor show.
BRIEFING FEATURE: Russia's turnaround
12 October 2010
Russia's automotive market and industry has been very hard hit by the country's severe economic recession of 2009. However, a moderate economic recovery is now taking hold and the automotive sector is seeing some uplift to volume helped by government support. In the first of series of just-auto management briefing articles focusing on the BRIC nations, Dave Leggett assesses the latest developments and prospects for Russia's automotive sector.
US: Reorganised Visteon out of Chapter 11 process
4 October 2010
Supplier Visteon said at the weekend it had completed its reorganisation and emerged from the US Chapter 11 bankruptcy protection process with "significantly improved capital structure" leaving it "well-positioned for profitable and sustainable growth".
US: Visteon Chapter 11 protection ending early October
29 September 2010
Visteon expects to emerge from bankruptcy protection in early October after settling almost all disputes with former owner Ford.
Related research
Visteon Corporation - Strategy, SWOT, and Corporate Finance Report
Datamonitors' Visteon Corporation’s SWOT, Strategy and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings, detailed financials, and corporate actions, providing a 360° view of the company.
Visteon Corporation - SWOT Analysis
Datamonitor's Visteon Corporation - SWOT Analysis company profile is the essential source for top-level company data and information. Visteon Corporation - SWOT Analysis examines the company’s key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy.Visteon (or the company) is a global supplier of automotive systems, modules and components to vehicle manufacturers and the automotive aftermarket. The company primarily operates in North America and Europe. It is headquartered in Van Buren Township, Michigan and employs about 26,500 people. The company recorded revenues of $7,466 million during the financial year ended December 2010 (FY2010), an increase of 11.7% over FY2009. The operating profit of the company was $1,275 million during FY2010, as compared to the operating profit of $290 million in FY2009. The net profit was $1,026 million in FY2010, as compared to the net profit of $128 million in FY2009.
Visteon Corporation: SWOT Analysis & Company Profile
Business Review’s Visteon Corporation contains a company overview, key facts, locations and subsidiaries, news and events as well as a SWOT analysis of the company.
