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Visteon Corporation (VC)
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(AMM) Visteon seeks $150M more to fund ops
Metal Bulletin  Oct 30  Comment 
Visteon Corp. has filed a motion with the U.S. Bankruptcy Court in Delaware seeking approval of up to $150 million in funding from a consortium of its term loan lenders.
Visteon Seeks Court Approval of Up To $150 Million in Debtor-in-Possession Financing to Further Enhance Liquidity
PR Newswire  Oct 29  Comment 
VAN BUREN TOWNSHIP, Mich., Oct. 28, 2009 /PRNewswire-FirstCall/ -- Visteon Corporation (OTC: VSTN) has filed a motion with the U.S. Bankruptcy Court in Delaware seeking approval of up to $150 million in debtor-in-possession (DIP) financing from a
Visteon Announces Third-Quarter 2009 Results
PR Newswire  Oct 28  Comment 
VAN BUREN TOWNSHIP, Mich., Oct. 28, 2009 /PRNewswire-FirstCall/ -- Third Quarter Summary -- Product sales of $1.67 billion -- Up 13 percent from second quarter 2009 -- Down 17 percent from third quarter 2008 -- Operating performance continues to
Visteon narrows loss on 18% lower sales
MarketWatch  Oct 28  Comment 
Visteon Corp., the Van Buren Township, Mich., auto-parts supplier, narrowed its third-quarter net loss on 18% lower sales. The loss was $38 million, or 29 cents a share, compared with $188 million, or $1.45, in the year-earlier quarter. Sales...
The Fujitsu Graphics Display Controller MB86R01 'Jade' Designed into First 'Virtual' Instrument Cluster on 2010 Range Rover by Visteon
PR Newswire  Sep 30  Comment 
SUNNYVALE, Calif., Sept. 30 /PRNewswire/ -- Fujitsu Microelectronics America, Inc. (FMA), the industry leader in advanced graphics processor technology for automotive display applications, announced that the Fujitsu MB86R01 'Jade' system-on-chip
Visteon Names Michael K. Sharnas Vice President and General Counsel
PR Newswire  Sep 18  Comment 
VAN BUREN TOWNSHIP, Mich., Sept. 18 /PRNewswire-FirstCall/ -- Visteon Corporation (OTC: VSTN), a global automotive supplier based in Van Buren Township, Mich., has named Michael K. Sharnas vice president and general counsel, with responsibility for
Visteon Cuts Bankruptcy Bonus Proposal by $69 Million
Bloomberg  Sep 18  Comment 
(Update1) Visteon Corp. cut its proposed bonus program to one-seventh its original size, asking a bankruptcy judge for permission to pay managers and key employees as much as $11.4 million while it reorganizes.
Visteon receives Alfred P. Sloan Award for workplace flexibility
ABRN  Sep 18  Comment 
One of 37 honorees, Visteon was the only automotive-related company recognized for its progressive programs that promote work-life integration, including opportunities for employees to adopt flexible work schedules and access the Visteon...
Visteon Receives Alfred P. Sloan Award for Workplace Flexibility
PR Newswire  Sep 16  Comment 
VAN BUREN TOWNSHIP, Mich., Sept. 16, 2009 /PRNewswire-FirstCall/ -- Visteon Corporation, a global automotive supplier based in Van Buren Township, Mich., received the 2009 Alfred P. Sloan Award for Business Excellence in Workplace Flexibility for
Visteon brings aftermarket navigation capability to Ford vehicles equipped with SYNC
ABRN  Sep 1  Comment 
Global automotive supplier Visteon Corporation has developed an electronic interface which, for the first time, brings aftermarket navigation capability to Ford vehicles equipped with Ford SYNC in North America.
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This company has recently filed for protection under Chapter 11 of the U.S. Bankruptcy Code.
 
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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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