Visteon is building new campus-like headquarters in Germany and the USA to improve collaboration among workers at the 20 billion supplier.
The $300 million (260 million) new Visteon world headquarters in Van Buren Township, Michigan, is also aimed at reducing Visteon's dependence on Ford, which spun off its former parts-making operation in 1997. Ford, based in Dearborn, is still Visteon's largest customer, but Visteon is reducing its reliance on Ford business, especially in Europe.
Visteon's new European headquarters in Kerpen-Sindorf, Germany, will be completed late this year or early in 2004. It is modeled after the larger new US complex, said Mike Collins, manager of global real estate services.
"It's just ahead of schedule," he said. "We're taking a lot of the people out of the leased facilities in downtown Cologne."
The German headquarters is also intended to make it easier for Visteon employees to work together, Collins said.
"It has the same kind of collaborative environment that we're creating in the [Michigan] village," he said.
About 100,000 square meters of Visteon's 100-hectare site in Michigan will be transformed into a small town for 4,000 employees, about 40km west of Detroit.
State and local governments granted tax incentives of up to $62 million over 14 years in exchange for Visteon investments, says Visteon spokeswoman Marge Sorge. State, county and local governments also committed another $25 million for site-development infrastructure improvements. Called Visteon Village, the headquarters will include:
Visteon is currently based in Dearborn on Detroit's southwest border. Employees are spread among 15 buildings throughout southeast Michigan.
"We knew we couldn't accomplish everything we needed to until we consolidated," said Stacy Fox, Visteon senior vice president of corporate transactions and legal affairs.
Moving to the new headquarters will start in July 2004.