Visteon will start construction this summer of a new European headquarters in Kerpen-Sindorf, Germany. The town is 20km west of the Cologne headquarters of Ford of Europe, Visteon's largest customer.
The 100,000-square-meter technical center and office complex will be complete by late 2003 or early 2004 and will employ about 650 people. Visteon employs about 20,000 in Europe.
Roughly 20 percent of Visteon's business in Europe is with automakers other than Ford, a bigger share of non-Ford business than Visteon has elsewhere in the world. Visteon's goal is to have 35-40 percent of all revenue from non-Ford sources by 2005, a Visteon spokesperson said.
The Kerpen-Sindorf site is three to four hours from Harnes, France, where Visteon's interior design and engineering business is centered.
Visteon is also building a new office complex in Basildon, England. Staff from six different buildings will move into the center, which should open in late 2003 or 2004.
Visteon will also move its world headquarters from Dearborn, Michigan, USA, to Van Buren Township, Michigan, 40km west of Detroit.
The moves are part of Visteon's reorganization into two regional business units: Europe/South America based in Germany, and North America/Asia based in the USA.