industry automotive industry founded 2000 in michigan usa headquarters van buren township michigan usa area served worldwide key people sachin lawande ceo products vehicle electronics systems modules & components revenue us 3.1 billion 2014 total assets us 6.03 billion 2013 number of employees 11 000 2014 website visteon.com visteon offices facing grace lake van buren township visteon corporation vc is an american global automotive electronics supplier and fortune 500 company spun off from the ford motor company in 2000 . visteon is composed of multiple businesses that design engineer and manufacture systems for various clients including bmw daimler ford and general motors . 1 visteon trades on the new york stock exchange . contents 1 introduction 2 business 3 operations 4 products 4.1 electronics 4.2 automotive hvac 5 restructuring 5.1 bankruptcy and emergence 5.2 acquisitions 6 references 7 external links introduction edit visteon is to the ford motor company as delphi is to general motors and denso is to toyota . in 2013 visteon had 7.439 billon dollars in sales with six billion in total assets and 24 000 employees operating worldwide . 2 since its independence from ford visteon has set a corporate goal of expanding business with other companies and now has substantial relationships with general motors chrysler and several asian manufacturers including nissan and hyundai . visteon s market share market and revenue has changed substantially since it formed . a majority of revenue 80 % came from north america driven by its relationship with ford motor company . today its revenue comes predominately from asia north america and europe . in 2005 visteon moved to new headquarters in van buren township michigan . business edit traditionally visteon participated in three main divisions namely climate electronics and interior systems . with the sale of its equity interest in the climate operations in mid year 2015 visteon re focused on the high growth cockpit electronics business with a focus on software and the connected car . at the same time visteon introduced sachin lawande as the new ceo to lead the next phase of company growth . operations edit the company has three corporate offices reflecting the company s key markets . north american corporate office and innovation center van buren township michigan united states . asia pacific corporate office and innovation center shanghai china european corporate office chelmsford united kingdom . 3 products edit electronics edit audio and infotainment audio head units infotainment connectivity solutions audio components vehicle electronics body security and feature controllers powertrain control high voltage low voltage power control domain controllers information and controls instrument clusters displays adas heads up displays climate control heads decorative control panels automotive hvac edit fs10 ac compressor restructuring edit on september 13 2005 visteon and ford reached an agreement whereby seventeen of the less profitable visteon plants and six offices would be transferred to an independent business entity called automotive components holdings llc . this action intended to assure the long term viability of visteon involved the transfer of 18 000 hourly workers and 5000 salaried workers to the new entity reducing visteon to approximately 52 000 employees worldwide and us 11 billion in annual sales . three of the plants are in mexico the remaining plants and six offices are in the us . automotive components holdings ach managed by ford was referred to as a temporary entity as its purpose was to prepare the plants and facilities for sale . by the end of 2007 all ach operations had been closed scheduled for closure merged at least partially or sold two back to ford with transactions to be completed by the end of 2008 except for one plant which is to remain an ach facility until its closure in 2009 . 4 on march 31 2009 visteon s uk subsidiary was deemed insolvent and placed into administration . 5 the uk subsidiary had never been profitable and the insolvency was the result of the us parent company being unable to continue to support the british operation . the administrators kpmg immediately moved to close all three visteon uk factories and made 565 workers redundant . visteon s profitable uk subsidiary visteon engineering services ves remained unnaffected by the restructuring . as a result workers have occupied the plants in belfast northern ireland and enfield london and are picketing the plant in basildon essex to gain better redundancy packages . 6 bankruptcy and emergence edit the subprime mortgage crisis greatly impacted the auto industry and left visteon with little demand . during early march 2009 visteon was delisted from the new york stock exchange for trading at extremely low levels . this action came after visteon shared dropped from 7 cents to 2 cents . 7 on may 28 2009 the company filed voluntary petitions to reorganize visteon corporation and certain of its u.s. subsidiaries under chapter 11 of the u.s. bankruptcy code . 8 the case was heard in delaware on may 29 2009 by judge christopher sontchi 9 where visteon was granted chapter 11 protection . visteon completed its reorganization and emerged from chapter 11 on october 1 2010 . 10 acquisitions edit in july 2014 visteon acquired johnson controls electronics division for 265 million . in july 2016 visteon acquired allgo embedded systems pvt ltd. 11 12 13 references edit visteon corp vc.n . reuters . reuters . retrieved 17 may 2014 . google finance visteon corp . google . google . retrieved 17 may 2014 . profile . visteon website . visteon . retrieved 26 may 2014 . http www.crainsdetroit.com apps pbcs.dll article aid 20080128 sub 801280305 1033 achs bid to sell former ford plants on track first sale made http www.accountancyage.com accountancyage news 2239525 kpmg appointed administrators car plant workers occupy factory . bbc news . april 1 2009 . http www.freep.com article 20090306 business01 903060412 the guardian . london . may 7 2008 http www.guardian.co.uk business feedarticle 8529115 . missing or empty title help business . the guardian . london . may 7 2008 . visteon completes reorganization . visteon . october 1 2010 . retrieved november 23 2010 . johnson controls sells automotive electronics business to visteon corporation . the wall street journal . january 13 2014 . retrieved january 13 2014 . http www.visteon.com media newsroom 2016 160711 story1.html http www.allgosystems.com for release july 2016 1.php external links edit official website v t e automotive industry in the united states automotive industry economy of the united states transportation in the united states american vehicle manufacturers list agco challenger tractor massey ferguson allied specialty vehicles champion bus collins eldorado national e one fleetwood goshen coach holiday rambler laymor wheeled coach am general american expedition vehicles american growler amp electric vehicles anteros coachworks arcimoto armour group inc. atk motorcycles aurica motors autocar blue bird boulder electric vehicle brammo brunton stalker caterpillar fca us chrysler dodge jeep ram cnh industrial case ce case ih commuter cars cushman cycle scoot delorean chenowth racing products eagle bus environmental performance vehicles equus elio motors faraday future ford lincoln svt general dynamics land systems general motors buick cadillac chevrolet gmc gillig glaval bus greentech harley davidson hdt global hennessey hme john deere karma automotive legacy local motors lockheed martin lingenfelter lenco industries mack trucks millennium luxury coaches morgan olson mosler automotive motoczysz motor coach industries myers motors navistar international ic bus international nissan commercial vehicles north american bus industries oka oshkosh pierce paccar kenworth peterbilt panoz phoenix motorcars polaris industries global electric motorcars indian victory saleen shelby american ssc north america starcraft bus superformance tesla motors textron marine & land systems trans tech transtar racing ultimaster via motors visionary vehicles wheego electric cars zap zimmer motorcars foreign vehicle manufacturers with us operations ab volvo usa bmw us manufacturing company byd auto america changan usa daimler north america daimler trucks north america thomas freightliner western star faw group usa fiat usa fhi america honda of america acura hyundai usa isuzu america kia motors america mazda america mitsubishi motors north america nissan usa peugeot usa saic motor usa suzuki america toyota motor sales u.s.a. lexus scion volkswagen group of america wanxiang america active factories general motors factories fiat chrysler factories ford factories honda of america factories tesla factory tema factories volkswagen group of america factories components companies allison borgwarner caterpillar cummins dephi detroit diesel eaton firestone goodyear nexteer remy international timken visteon insurance and finance companies allstate ecompass insurance esurance ally financial erie insurance group farmers insurance group 21st century insurance farmers insurance gm financial gmac insurance kemper direct progressive safe auto state farm design studios calty design research designworks by state massachusetts former manufacturers 1 coda fmc defunct vehicle manufacturers allis chalmers american austin american lafrance american motors hudson essex terraplane nash rambler armor holdings armored motor car company auburn automobile avanti motor corporation avery bmc carbon motors corporation checker motors corporation commonwealth cord case cnh global duesenberg durant flint locomobile mason rugby star excalibur fca us eagle plymouth street & racing technology still used as a trim for dodge vehicles fiberfab fitch four drive force protection ford continental edsel mercury general motors cartercar elmore gm diesel geo hummer lasalle marquette mclaughlin oakland oldsmobile pontiac saturn scripps booth sheridan viking yellow coach green vehicles grumman henney international harvester jeffery kaiser frazer allstate frazer henry j kaiser willys marmon roosevelt marvel motors matbro mercer monaco coach muntz car company oliver farm equipment packard peerless motor company pierce arrow sebring vanguard sterling trucks studebaker erskine rockne stutz twentieth century motor car corporation united defense vl white wildfire defunct factories general motors factories closed fiat chrysler factories closed ford factories closed brampton assembly amc packard automotive plant related topics aaa chicago auto show interstate highway system national highway traffic safety administration new york international auto show north american international auto show sae international 1 former meaning the company is no longer in the automotive manufacturing business category portal v t e ford motor company marques current ford lincoln troller discontinued continental edsel mercury merkur meteor monarch fpv former aston martin daimler jaguar lagonda land rover th nk volvo divisions and subsidiaries current automotive components holdings ford of argentina ford brasil troller ford of canada ford of europe ford of britain ford germany ford romania ford india ford motor company of new zealand ford motor company philippines ford motor credit company ford racing ford team rs motorcraft special vehicle team discontinued ford of australia fpv ford of russia ford saf lincoln mercury premier automotive group special vehicle operations former aston martin lagonda cosworth ford aerospace hertz corporation jaguar cars kwik fit land rover new holland agriculture visteon volvo car corporation joint ventures and shareholdings current aston martin lagonda 8 % autoalliance international 50 % autoalliance thailand changan ford mazda 35 % ford lio ho ford otosan 41 % ford sollers 50 % ford vietnam 60 % getrag ford transmissions 50 % jiangling motors 49 % mazda 2.1 % defunct autolatina ford union matford samcor facilities and products engines factories platforms proving grounds transmissions vehicles people designers ford family henry ford founder william clay ford jr. executive chairman mark fields president and ceo list of ceos other big three dodge v. ford motor co. grimshaw v. ford motor co. fordl ndia the ford show history kinetic design new edge pay on production united states council for automotive research founded june 16 1903 headquarters dearborn michigan commons retrieved from https en.wikipedia.org w index.php title visteon & oldid 742561083 categories companies listed on the new york stock exchangeauto parts suppliersautomotive companies of the united statescompanies based in wayne county michigancompanies delisted from the new york stock exchangehidden categories pages with citations lacking titlespages with citations having bare urls navigation menu personal tools not logged intalkcontributionscreate accountlog in 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