Visteon

Visteon sued by township over bond payments

4:29 pm U.S. ET | May 12, 2015

Supplier Visteon has been sued by the township where it is based in a dispute over payments on bonds used originally to finance construction of Visteon's headquarters complex....
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Superior relocates HQ from Calif. to Detroit

12:15 pm U.S. ET | May 8, 2015

Superior Industries International, a longtime aluminum wheel manufacturer led by former Visteon CEO Don Stebbins, is relocating its global headquarters from California to suburban Detroit....
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Visteon posts Q1 sales bump after acquisition

10:54 am U.S. ET | May 7, 2015

Visteon today reported strong first-quarter profits and sales thanks in large part to its 2014 acquisition of Johnson Controls' global electronics business....
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Is a focused, all-in Visteon now stable?

12:01 am U.S. ET | March 23, 2015

When Tim Leuliette steps down as CEO of Visteon Corp. late this year, he will leave behind a company working in just one major product sector: cockpit electronics. That's a radical change for Ford Motor Co.'s former in-house parts division, which had a vast, disjointed product portfolio....
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How Faurecia made over a Visteon relic

12:01 am U.S. ET | March 22, 2015

Faurecia knew it had a big job converting a castoff Visteon plant it bought in 2012 in Michigan into a profitable operation. But Saline now has three key ingredients for survival: an owner with deep pockets; a loyal customer, Ford; and a pragmatic union....
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Visteon CEO Leuliette to leave by year-end

8:39 am U.S. ET | March 16, 2015

Auto supplier Visteon said today that CEO Tim Leuliette will step down as head of the company by the end of this year as soon as a successor is named....
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TIM LEULIETTE, CEO, VISTEON CORP.

Visteon zeros in on 1 segment: The connected car

12:01 am U.S. ET | Jan. 26, 2015

With Visteon Corp.'s announcement last month that it would sell its division that produces heating, ventilation and air conditioning systems, the supplier is concentrating on one product segment: cockpit information systems....
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Visteon names two new board members

11:57 am U.S. ET | Jan. 7, 2015

Visteon named two new members to its board amid a flurry of merger and acquisition activity at the supplier in recent months....
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Visteon to sell Halla Climate unit stake for $3.6 billion

12:38 pm U.S. ET | Dec. 17, 2014

Visteon has agreed to sell a majority stake in Halla Visteon Climate Control to South Korea’s Hankook Tire and its investment partner for $3.6 billion, to focus on connected-vehicle solutions and cockpit electronics....
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Grupo Antolin, Dongfeng Visteon form China JV for interior parts

Dec. 5, 2014 06:01 CET

Spanish supplier Grupo Antolin is forming a joint venture with Dongfeng Visteon to produce interior components in China. The JV will supply components to Renault, PSA/Peugeot-Citroen and other customers....
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Visteon in talks to sell Korean joint venture

12:01 am U.S. ET | Dec. 1, 2014

Visteon Corp. confirmed that it's in discussions with a private equity firm to sell its stake in South Korean joint venture Halla Visteon Climate Control Corp....
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Halla mulls buying back Visteon stake in climate control unit

7:34 pm U.S. ET | Nov. 26, 2014

Halla CEO Im Kee Young said he's still considering buying back the group's former automotive heater and air conditioner maker after a buyout fund agreed to acquire a stake in the business, Halla Visteon Climate Control....
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Visteon confirms discussions to sell stake in climate control joint venture

8:16 am U.S. ET | Nov. 25, 2014

Visteon Corp. confirmed this morning that it's in discussions with a private equity firm to sell its stake in South Korean joint venture Halla Visteon Climate Control Corp....
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Korean buyout fund considers buying Halla Visteon Climate Control stake

6:43 am U.S. ET | Nov. 24, 2014

South Korean buyout fund Hahn & Co. is considering purchasing shares in Halla Visteon Climate Control Corp. from Visteon Corp., a person familiar with the matter said....
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Visteon posts Q3 loss on one-time items, but revenue rises 33%

10:24 am U.S. ET | Nov. 6, 2014

Visteon said today it posted a $21 million net loss for the third quarter because of charges from discontinued operations, but revenue surged 33 percent, helped by its acquisition of Johnson Controls' electronics business....
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Visteon completes major part of sale of interiors business

8:58 am U.S. ET | Nov. 3, 2014

Visteon said today it completed the largest phase of a deal to transfer its automotive interiors business to Dutch firm Reydel Automotive Holdings BV....
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Delphi explores sale of thermal unit for as much as $1 billion, report says

1:25 pm U.S. ET | Oct. 22, 2014

Delphi Automotive, the former parts unit of General Motors, is exploring a sale of a business that makes heating and cooling systems for cars, and will seek as much as $1 billion for the unit, people with knowledge of the matter told Bloomberg....
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Ford to close climate control plant, lay off 257 workers

3:11 pm U.S. ET | Oct. 21, 2014

Ford plans to shed the last line of business in nine-year-old Automotive Component Holdings LLC by December when ACH closes its Sheldon Road climate control plant in suburban Detroit and lays off its last 257 employees....
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Visteon board considers splitting company in two, reports say

11:35 am U.S. ET | Sept. 10, 2014

Visteon is exploring a plan to split into two companies, one focused on electronics and the other on climate controls, people familiar with the matter said....
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Visteon posts 11% rise in Q2 revenue, raises profit forecast

8:10 am U.S. ET | Aug. 6, 2014

Visteon reported an 11 percent rise in quarterly revenue and raised its full-year profit forecast as higher vehicle production boosts sales of air conditioning and electronics products....
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Visteon climate module adds cabin space

12:01 am U.S. ET | Aug. 5, 2014

Visteon Corp. engineers have developed a heating and air conditioning unit that would create significantly more cabin space. Visteon's heating, ventilation and air conditioning system places all the parts in one unit in the engine bay....
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ZF's pursuit of TRW may spark wave of mergers in supply chain

12:01 am U.S. ET | July 25, 2014

The biggest auto-parts deal since 2007 may be just the start of consolidation, with Autoliv and Visteon among the next potential targets, analysts say. More auto parts companies may combine as overcapacity constrains their ability to add scale on their own....
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Visteon transferring $350 million in pension assets to Prudential

1:40 pm U.S. ET | July 16, 2014

Visteon entered into an agreement to transfer a portion of its U.S. pension assets to Prudential Insurance of America as part of its ongoing restructuring....
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Superior Industries faces proxy fight over board members

4:08 pm U.S. ET | July 8, 2014

Aluminum wheel supplier Superior Industries International faces a shareholder proxy fight at its annual meeting next month....
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Cooper-Standard to sell thermal and emissions business to Visteon unit for $46 million

11:23 am U.S. ET | June 30, 2014

Cooper-Standard Automotive has agreed to sell its thermal and emissions product line to Halla Visteon Climate Control in a transaction valued at $46 million....
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