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Topic: Visteon


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In the News (Tue 18 Jun 19)

  
  SignOnSanDiego.com > News > Business -- Visteon reports third-quarter loss, says more restructuring to come
Visteon said its third-quarter results were preliminary, and the company could restate them before the end of this year.
Visteon said it expects to record a gain of between $1.7 billion to $1.8 billion in the fourth quarter for the Ford transaction.
Johnston said Visteon is leasing 5,000 U.S. salaried workers to Ford to administer the plants it spun off and retains 3,000 salaried employees at its headquarters in the Detroit suburb of Van Buren Township.
www.signonsandiego.com /news/business/20051108-1106-earns-visteon.html   (800 words)

  
 Visteon investigates accounting - 5/11/05   (Site not responding. Last check: 2007-10-26)
Van Buren Township-based Visteon, a former Ford Motor Co. subsidiary, said it identified $31 million in payments the company made that were improperly booked in the first quarter of 2005 in connection with freight and material charges.
Visteon said Tuesday it improperly booked an $18 million first-quarter charge for materials surcharges for raw materials and $13 million in transportation costs; those costs were borne before the end of last year.
Visteon is in protracted discussions to restructure financial and supply agreements with Ford.
www.detnews.com /2005/autosinsider/0505/11/C01-177949.htm   (598 words)

  
 WebWire | Visteon announces fourth-quarter and full-year 2005 results
Visteon’s net income of $1.338 billion for the fourth quarter of 2005 included a gain of $1.8 billion related to the ACH transactions, and non-cash asset impairment charges of $335 million related to product lines manufactured principally at plants in the United States and the United Kingdom.
Visteon is raising its estimate for 2006 full-year earnings before net interest expense and the provision for income taxes, excluding net unreimbursed restructuring expenses and non-cash asset impairments (EBIT-R) to a range of $45 million to $75 million, reflecting reduced depreciation and amortization expense estimates.
Visteon Corporation is a leading global automotive supplier that designs, engineers and manufactures innovative climate, interior, electronic and lighting products for vehicle manufacturers, and also provides a range of products and services to aftermarket customers.
www.webwire.com /ViewPressRel.asp?aId=9387   (1303 words)

  
 Visteon Village
Visteon refined its search for suitable property with help from a Michigan Economic Development Corporation (MEDC) database of communities; the company was able to search for a community that met basic criteria such as a minimum 150-acre parcel with natural features, access to freeways, and flexibility to work with the company’s short timetable.
Visteon employees have volunteered at a playground refurbishing, and the corporation has partnered with the Township to create a civic fund.
Visteon’s initial $1 million pledge is envisioned to be the beginning of a larger relationship with other community employers to work together on community projects and programs.
www.umich.edu /~econdev/visteon/index.html   (1878 words)

  
 Macomb Daily : Sports : Visteon gains Sterling's backing 10/22/04
Visteon UAW spokesmen Robert Rebecca and Vince Levine, both Sterling Heights residents, told City Council that both management and employees at the two plants are dedicated to providing the best products for Ford.
Visteon was a spin-off four years ago of the Ford Motor Co. The 3,000 employees make drive shafts, rear beam axles, independent rear suspension axles and front line assemblies at the Mound Road plant.
Visteon is leasing the former 368,000-square-foot Borg Warner facility on 18 1/2 Mile Road.
www.macombdaily.com /stories/102204/bus_visteon001.shtml   (904 words)

  
 Auto-parts maker hitches wagon to IBM | CNET News.com
Visteon, whose staff of 77,000 is spread across 180 locations
Through a contract, Visteon will get a certain amount of computing power or data storage from IBM and use more if the need arises.
For IBM, which won a $5 billion deal with J.P. Morgan Chase in December, the Visteon contract is the latest in a series of multibillion-dollar arrangements highlighting the trend of large companies outsourcing and procuring their IT services as a utility.
news.com.com /2100-1001-984271.html   (555 words)

  
 Visteon warns on 2nd-half sales - Boston.com
Visteon, which was spun off in 2000 by Ford Motor Co. and which still gets significant revenue from the automaker, said a shift from larger sports utility vehicles and pickup trucks and other cost factors also will hurt results.
As a result, Visteon said it does not expect to meet financial targets it laid out when second-quarter earnings were released on August 1.
Visteon said second-half product sales are expected to be about 10 percent lower than the $5.7 billion in sales in the first half.
www.boston.com /business/articles/2006/09/26/visteon_says_to_miss_second_half_financial_targets   (584 words)

  
 Visteon Settles In
Plus, Visteon employees did not readily think of the Dearborn facilities as “home.” The properties were owned by various landlords, and many carried over from when Ford held the parts operations, even though separation from the No.2 auto maker occurred in June 2000.
Visteon Village is not an island unto itself but is considered part of a broader “neighborhood” of Visteon facilities in southeast Michigan, including the Dearborn campus (engineering groups), Helm Street climate control (Plymouth) and Rawsonville (material management and powertrain engineering, near Ypsilanti).
Visteon says it is paying about the same amount for the new facilities at the village as for the multiple leases in Dearborn.
waw.wardsauto.com /ar/auto_visteon_settles   (881 words)

  
 Visteon Settles Into New Digs
Plus, Visteon employees did not readily think of the Dearborn facilities as “home.” The properties were owned by various landlords, and many carried over from when Ford held the parts operations, even though separation from the No.2 auto maker occurred in June 2000.
Visteon Village is not an island unto itself but is considered part of a broader “neighborhood” of Visteon facilities in southeast Michigan, including the Dearborn campus (engineering groups), Helm Street climate control (Plymouth) and Rawsonville (material management and powertrain engineering, near Ypsilanti).
Visteon says it is paying about the same amount for the new facilities at the village as for the multiple leases in Dearborn.
www.wardsauto.com /ar/auto_visteon_settles_new   (1253 words)

  
 My Way Finance
Visteon said it would transfer 20 plants in the United States and four in Mexico to an entity to be owned by Ford.
Visteon expects a net gain of from $450 million to $650 million depending on the assets that are transferred.
Visteon, which had a net loss in 2004 of $1.5 billion, said more restructuring will be needed over the next several years.
finance.myway.com /ht/nw/bus/20050525/hlm_bus-n25721733.html   (778 words)

  
 USATODAY.com - Visteon plans to close down three plants   (Site not responding. Last check: 2007-10-26)
Visteon didn't say how many employees could be affected by the plan.
In addition to the closures, Visteon said it is trying to sell six plants and would give more details as talks progress.
Visteon shares fell 15 cents to close at $6.67.
www.usatoday.com /money/companies/management/2006-01-11-visteon-usat_x.htm   (473 words)

  
 Visteon loses $188 million in first quarter - 4/27/05   (Site not responding. Last check: 2007-10-26)
Visteon remains in talks with Ford that will substantially restructure and downsize the troubled auto parts maker.
Visteon reimburses Ford for the cost of the 17,700 hourly workers who have remained on Ford's payroll.
Visteon reported its debt is $2 billion, unchanged from year-end 2004.
www.detnews.com /2005/autosinsider/0504/27/1auto-164131.htm   (345 words)

  
 Visteon Returns to Profit Even as Sales Drop - New York Times
Visteon earned $3 million, or 2 cents a share, reversing a loss of $163 million, or $1.30 a share, in the comparable period last year.
Visteon raised its 2006 estimate for earnings before one-time items to $120 million to $150 million, compared with an earlier estimate of $45 million to $75 million.
Visteon said one highlight of the first quarter was winning $250 million worth of new business from DaimlerChrysler for a truck that will be out in 2009.
www.nytimes.com /2006/05/03/business/03visteon.html?ex=1304308800&en=02546114a3e2f47b&ei=5088&partner=rssnyt&emc=rss   (580 words)

  
 Visteon Joins Autosar
Visteon's membership in the Autosar partnership will ensure that we continue to be at the center of these developments." Because Visteon has developed an extensive range of technologies in a number of key automotive areas, the company expects to be a full and active participant in the Autosar project.
Visteon is also developing a new generation of engine control modules that will assist its customers in meeting future global engine emissions standards and future needs for performance and drivability.
Visteon is joining a growing number of OEMs within the Autosar organization, including core partners BMW, DaimlerChrysler, Ford, PSA Peugeot Citroen, Toyota and Volkswagen as well as premium members Honda, Mazda, Nissan, Porsche, Renault and Volvo together with major suppliers (see http://www.autosar.org).
www.prnewswire.com /cgi-bin/stories.pl?ACCT=109&STORY=/www/story/07-29-2004/0002221614&EDATE=   (876 words)

  
 Visteon Performance Racing Radiators
Visteon Performance Radiators have an edge over the other performance radiators because they are built by racers, for racers.
Combined with Visteon Engineering and know-how, this level of expertise results in performance radiators of unmatched excellence.
Visteon Performance Radiators are made with advanced technology 26mm, 36mm, and 56mm racing cores.
www.visteonrads.com   (213 words)

  
 Ford to Take Back 24 Ailing Visteon Plants - General - RedOrbit   (Site not responding. Last check: 2007-10-26)
Visteon Chief Executive Mike Johnston, who will become chairman of the company June 1, said the agreement will allow Visteon to concentrate on its most profitable businesses: climate systems, electronics and auto interiors.
Visteon said once the deal is signed, it will issue warrants allowing Ford to buy up to 25 million shares of Visteon stock at $6.90 per share.
Visteon shares have been trading in a 52-week range of $3.14 to $12.46, while Ford shares have traded between $9.07 and $16.48.
www.redorbit.com /news/display?id=151978&source=r_general   (878 words)

  
 Feature Article - Visteon: Speed, Experience, Vision - 05/99   (Site not responding. Last check: 2007-10-26)
He says that he sometimes meets people who tell him that they appreciate the Visteon vision, but they just don't know how to change: they've been doing what they're doing for a long time, it seems to be working well, and they just don't figure how they can change.
They've been used to a culture that is much older than that of Visteon, where the rules were in place for so long that they seem to be carved on stone tablets.
He explains that what they are working to achieve at Visteon is an environment where people have both the competency and the courage to make decisions (either alone isn't sufficient).
www.autofieldguide.com /articles/059907.html   (1313 words)

  
 Ford to Bail Out Visteon and Take Over 24 Plants - New York Times
Ford and Visteon were not fully separated in the spinoff, and Ford has repeatedly been forced to act as a lifeline for Visteon, which has lost more than $3 billion since it became independent.
One of the quirks of Ford's Visteon spinoff was that Ford employees assigned to Visteon were receiving the far higher wages of assembly workers as opposed to the much lower wages of supply workers.
Visteon's shares surged more than 16 percent after the deal with Ford was announced, trading up $1.03, to $7.30, this afternoon on the New York Stock Exchange.
www.nytimes.com /2005/05/25/automobiles/25cnd-ford.html?ex=1274673600&en=1bdb35551e17330e&ei=5090&partner=rssuserland&emc=rss   (1006 words)

  
 Visteon UK
Visteon UK Visteon Corporation is a leading global automotive supplier that designs, engineers and manufactures innovative climate, interior, electronic and lighting products for vehicle manufacturers, and also provides a range of products and services to aftermarket customers.
Visteon is a billion dollar global automotive supplier — ranking among the top 10 automotive suppliers.
In the UK, Visteon sites include its Customer and Technology Centre in Basildon (South Essex), a technical facility at Dunton (South Essex), a customer service and technical centre at Binley near Coventry, four manufacturing plants (Basildon, Belfast, Enfield and Swansea) and a focused factory at Halewood.
www.jonlee.co.uk /visteon/visteon_uk.htm   (170 words)

  
 Visteon Content Contributes to Award-Winning New Ford Transit, Visteon
Visteon's contribution to Europe's leading commercial vehicle totals more than 100 end items, and is the result of close co-development with Ford design engineers.
Visteon's instrument panel manufactured in the UK, has a greater stowage capacity through Visteon's innovative use of storage space, which now includes bottle/ flask holders and a glove box that can be used to store A4 hanging files - a mobile office philosophy.
Other Visteon content includes powertrain and chassis components, which are sourced from various Visteon facilities across Europe and the U.S. Visteon powertrain content covers the powertrain control module (diesel and gasoline), intake manifold (diesel), electronic throttle body (gasoline), ignition coil on plug (gasoline), carbon canister and engine temperature sensors.
news.thomasnet.com /companystory/500970   (799 words)

  
 Visteon - 2003 UAW Ford Report
Visteon agreed to adopt a collective bargaining agreement — the “New UAW/Visteon CBA” — that mirrors, in all respects, the 2003 UAW-Ford National Agreement.
In addition, the UAW and Visteon agreed to meet within 90 days after the ratification of the proposed 2003 UAW-Ford National Agreement, and within 90 days of that meeting, negotiate a supplement to the New UAW/Visteon CBA.
In addition, all UAW-represented Visteon workers hired during the term of the 1999-2003 national agreement through the effective date of the supplement to the New UAW/Visteon CBA will be deemed “Ford Employees” as well, with the same lifetime coverage.
www.uaw.org /contracts/03/ford/ford14.cfm   (601 words)

  
 Visteon Eyes Electric Supercharger
Visteon engineers are working with customers on engine projects for 2005-2006 that will use the Visteon Torque Enhancement System, or VTES, with a 12/14-volt electrical system.
Visteon views VTES as a transitional system between today's engines and future gas or diesel/electric hybrid systems, but it predicts that hybrids will have less than 5% of the market in 2010.
Thus, Visteon developed its program with Europe in mind, where engines are smaller than in the U.S. Most European car buyers express interest in enhancing performance, rather than downsizing, says Visteon, and there is more interest in enhancing turbodiesel engines than in boosting gasoline engines.
waw.wardsauto.com /ar/auto_visteon_eyes_electric   (695 words)

  
 Pilkington & Visteon Form New Company   (Site not responding. Last check: 2007-10-26)
By combining Visteon's strong customer base with Pilkington's global reach and advanced glass technologies, the joint venture will create a partnership that will be positioned for significant growth.
Visteon's Glass business, with annual revenues of $800 million, has four float furnaces based at plants in Tulsa, Okla., and Nashville Tenn., plus vehicle glass fabricating plants based in Tulsa, Nashville and Juarez, Mexico.
Visteon is a leading full-service supplier that delivers consumer-driven technology solutions to automotive manufacturers worldwide and through multiple channels within the global automotive aftermarket.
www.glasslinks.com /newsinfo/visteon_pilk1.htm   (695 words)

  
 Visteon Appoints New Director of Product Development for Asia Pacific
Visteon is a leader in delivering climate, interior and electronics components and systems to customers in what has become the fastest-growing automotive market in the world.
Visteon Corporation is a leading full-service supplier that delivers consumer-driven technology solutions to automotive manufacturers worldwide and through multiple channels within the global automotive aftermarket.
Visteon has approximately 72,000 employees and a global delivery system of more than 200 technical, manufacturing, sales and service facilities located in 25 countries.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/06-09-2004/0002190276&EDATE=   (382 words)

  
 [No title]
The portable dynamometer was developed as a solution to support automotive manufacturers in their efforts to meet the consumer demand for quiet and smoother rides.
UAW delays Visteon strike Detroit Free Press - The union is at odds with Visteon because the supplier is looking to reduce the workforce at the plant, said Kharmon Olds, committee chairwoman at Local 898.
The company is looking to cut 30 percent to 40 percent of the 2,074 hourly workers at the facility in Van Buren Township, she said.
www.lycos.com /info/is--visteon-corporation.html   (256 words)

  
 Visteon News - Topix
Visteon Corp. said Monday in a filing with the U.S. Securities and Exchange Commission that it has had discussions with Pardus Capital Management L.P. about the possibility of the hedge fund naming a director...
Van Buren Township-based Visteon Corp. said Thursday that it has reached an agreement to sell some of its chassis businesses in Europe and Brazil to Special Situations Venture Partners II L.P. Terms were not...
Visteon Corporation announced it is seeking to amend its existing $1 billion seven-year secured term loan that expires in June 2013 to add a new tranche expiring December 2013 by up to $500 million.
www.topix.net /com/vc   (550 words)

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