Visteon

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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Visteon extends CEO Leuliette's contract through 2017

12:39 pm U.S. ET | June 12, 2014
Visteon has extended CEO Tim Leuliette's employment contract through 2017, the company said today....
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Superior awards new CEO Stebbins $2.6M in stock incentives

12:32 pm U.S. ET | May 13, 2014
Donald Stebbins, the former Visteon CEO who is taking the helm of wheel-maker Superior Industries International, is getting a compensation package that includes 132,455 restricted shares of common stock -- currently valued at about $2.6 million -- along with a base salary of $900,000 and other perks, according to company documents filed last week....
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Visteon Q1 revenue up 7% as vehicle demand rises

10:34 am U.S. ET | May 8, 2014
Visteon reported a 7 percent rise in first-quarter revenue as higher vehicle production boosted sales of its climate control products....
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Visteon pays Cerberus to take control of interiors unit

7:44 am U.S. ET | May 2, 2014
Auto supplier Visteon said it signed an agreement to transfer its global automotive interiors business to an affiliate of private investment firm Cerberus Capital Management LP....
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Ex-Visteon chief Stebbins named CEO of Superior Industries

2:18 pm U.S. ET | April 30, 2014
Donald Stebbins, the former Visteon CEO who was ousted in 2012 after a two-year dispute with board members, today was named CEO of aluminum wheel supplier Superior Industries....
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Visteon Q4 profits rise, capping 'very good' year

9:07 am U.S. ET | Feb. 25, 2014
Auto parts supplier Visteon posted a rise in quarterly profit and reaffirmed its 2014 financial projections....
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Visteon makes deal to use Autonet Mobile 'connected car' software

9:35 am U.S. ET | Feb. 24, 2014
Visteon has announced an agreement with Autonet Mobile that will allow Visteon to integrate Autonet's telematics software into its next-generation infotainment systems....
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Visteon bulks up electronics as its 2nd core line

12:01 am U.S. ET | Jan. 27, 2014
Visteon Corp., once known for its grab bag of low-margin products, has transformed itself into a major supplier of cockpit electronics. With the $265 million acquisition of Johnson Controls' electronics unit -- which makes instrument clusters, infotainment displays and body electronics -- Visteon estimates that its electronics operation will generate annual sales of $3 billion....
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