QUOTE AND NEWS
Automotive World  Aug 6  Comment 
Visteon’s new Chief Executive joins the company at a time of positive growth The post Lawande joins Visteon on the back of strong Q2 appeared first on Automotive World.
Automotive World  Aug 5  Comment 
Solid financial performance Sales of $812 million Adjusted EBITDA of $60 million; net income of $2.2 billion Cash from operations of $31 million Secured $660 million of annualized new business awards in first half of 2015 Completed sale of...
Automotive World  Jul 20  Comment 
Leading automotive electronics supplier Visteon Corporation has received a Global Innovation Award from Nissan Motor Corporation for a pioneering 7-inch display instrument cluster with advanced graphics, featured in the all-new 2015 Nissan Murano....
Automotive World  Jun 10  Comment 
Visteon Corporation (NYSE: VC) announced today that Sachin Lawande has been appointed president and chief executive officer of Visteon, effective June 29, 2015, succeeding Timothy D. Leuliette. Lawande will also join Visteon’s Board of...
Automotive World  Jun 10  Comment 
Visteon has completed the sale of its 70% ownership interest in HVCC to become a focussed cockpit electronics supplier The post Visteon becomes focussed electronics supplier through HVCC sale appeared first on Automotive World.
Automotive World  Jun 9  Comment 
Transaction valued at approximately $3.6 billion USD Company expects to return $2.5 billion-$2.75 billion of cash to shareholders over the next 12 months via series of actions, including buybacks and special distributions $500 million accelerated...
MarketWatch  Jun 9  Comment 
Visteon Corp. said Tuesday it has completed the sale of its 70% stake in Halla Visteon Climate Control Corp. to a unit of Hahn & Co. for $3.6 billion. The car parts maker said it is now planning to return $2.5 billion to $2.6 billion to...
Benzinga  May 17  Comment 
Last year, Steven Cohen closed his legendary hedge fund SAC Capital, and created a new group of funds called Point72 Asset Management to manage his personal assets, as well as those of certain eligible employees. Same as in the last quarter,...




 
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Michigan-based Visteon Corporation (VC) is one of the world's largest automotive component manufacturers, catering to both original equipment manufacturers (OEMs) and the aftermarket. The company has 49,000 employees with 170 facilities in 24 countries. The company has five segments: Climate (29%), Electronics (30%), Interiors (26%), Other and Services (15%). The company is globally second in the Climate and Interiors business and fourth in the Electronics business. Visteon's operations extend to Europe and other regions. The North American market contributed 32% of revenues, Europe 43%, while Asia contributed 25%. Ford is Visteon's largest customer, and accounts for approximately 45% of its revenue. The next five largest customers account for 13% of sales. The company sells components to the world's largest vehicle manufacturers including Bayerische Motoren Werke AG (BMW), DAIMLERCHRYSLER AG (DAI), Ford Motor Company (F), General Motors, Honda, Hyundai/Kia, Nissan, Peugeot, Renault, Toyota and Volkswagen.




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