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Visteon CEO Sachin Lawande is betting the supplier's future on a single vision. Visteon at CES is unveiling DriveCore, a sort of central command for electronics and software for autonomous cars.
Michigan's autonomous and connected vehicle testing site, the American Center for Mobility, officially opened this week near Ann Arbor, Mich., with Toyota and Visteon beginning testing.
Visteon is sponsoring the American Center for Mobility in Michigan at a founder level with a $5 million investment, becoming the first tier-one supplier to do so.
Visteon said its third-quarter net income rose 54 percent to $43 million, citing higher gross margins for its electronics components.
Visteon's emerging technology in augmented reality head-up display first required customers to consider a different way of controlling vehicle features.
As Detroit and Silicon Valley jockey for control of the screens inside your car, auto supplier Visteon is setting itself up to cash in either way.
Visteon said net income ramped up during the second quarter as the supplier offset a slowdown in the US with strong sales in China and product innovations.
As automotive cockpits become crammed with more digital features, the electronics holding it all together have become a rat's nest of components. Now the race is on to clean up the clutter.
IHS Markit predicts suppliers' 2017 combined global revenue from the primary automotive display systems market will jump 17 percent -- and continue to grow in the coming years.
Bigger profits and a positive outlook rang out from the quarterly earnings reports of several auto suppliers last week.
Visteon reported that its first-quarter net income more than tripled, reflecting higher electronics production volume and new business, as well as income from discontinued operations.
Electronics supplier Visteon said it swung to a $31 million profit on its continuing operations in the fourth quarter of 2016, compared with a loss of $68 million last year.
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