BEIJING -- Visteon Corp. is basing its global electronics product group in Shanghai, China, the Tier 1 supplier announced. The move underscores the growing movement of the global electronics industry to China.
"We are excited that China will play a pivotal role in developing cutting-edge products that meet the needs of our global customers," said Steve Meszaros, Visteon's vice president of the electronic products group, in a statement last week.
The former parts unit of Ford Motor Co. makes audio, entertainment, driver-information, powertrain-control and lighting-systems electronics in China.
The group will share space with the Visteon China Technical Center.
The Technical Center has more than 250 engineers, who adapt products to the special needs of the China market and also develop new products.
Visteon, of Van Buren Township, Mich., ranks No. 6 on the Automotive News list of the top 100 global suppliers with worldwide original-equipment automotive parts sales of $17.70 billion in 2004.
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