Visteon Corporation

Company Profile

■URL

https://www.visteon.com/

■Address

One Village Center Drive, Van Buren Township, Michigan 48111, USA

Business Overview

-The Company is a global supplier of automotive electronics and vehicle connectivity solutions, focusing on vehicle cockpit solutions.

-The Company’s develops and produces systems including information displays, instrument clusters, audio and infotainment systems, telematics solutions, HUDs, battery management systems, high-voltage power electronics, domain controllers and advanced safety driving controllers.

-The Company was able to accomplish its strategic initiatives during the fiscal year ended December 31, 2024. For example, it was able to focus on fast growing domains by winning orders for next-generation displays, cockpit domain controllers, and by booking its first order for an integrated on-board charger and DC/DC converter. The Company was also able to align itself with automotive trends, scoring a business win for a high-performance compute with a Chinese OEM and introducing the Cognito AI cockpit software framework. Finally, its acceleration of vertical integration for certain systems such as displays and cameras and integration of technology for software platforms highlighted the Company’s advancement of platform-based product development.

-The Company’s new business wins for the fiscal year ended December 31, 2024 totaled USD 6.1 billion, a decrease from USD 7.2 billion in the previous year. The Company’s new business in recent years have emphasized its product diversification as its new business have come from a variety of product lines. In the fiscal year ended December 31, 2024, new business from instrument clusters totaled approximately USD 1.1 billion, comprised primarily of digital clusters. Multiple business wins for SmartCore and infotainment systems totaled more than USD 1.5 billion for the fiscal year. The Company had multiple large multi-display wins during the year, totaling USD 2.6 billion worth of new business for displays. Finally, the Company had USD 0.7 billion worth of electrification wins, punctuated by a contract for an on-board charger and DC-DC converter.

Competitors

-Alps Alpine
-Aptiv
-Bosch
-Continental
-Denso
-Forvia
-Harman (Samsung)
-Hitachi
-Hyundai Mobis
-Innolux
-LG
-Marelli
-Nippon Seiki
-Panasonic
-Preh
-Vitesco

Shareholders

-The Company is listed on the NASDAQ Stock Exchange. On December 26, 2017, the Company was voluntarily delisted from the New York Stock Exchange. The listing of its common stock was transferred to the NASDAQ Stock Exchange on December 27, 2017.

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Products

Instrument clusters
-Analog instrument clusters
-Customizable digital instrument clusters
-Digital clusters with 3D graphics
-DICore instrument cluster platforms
-Instrument clusters with thin-film-transistor (TFT) display
-Instrument clusters with OLED elements
-Instrument clusters with curved displays
-Instrument clusters with integrated camera and driver monitoring system
-LightScape high-resolution reconfigurable hybrid and digital instrument clusters
-RenderCore advanced graphics platform for 3D graphics
-Instrument clusters with integrated features

LCD
Cover lens
Touch screen
Back lighting
OTA updates

Head-up displays
-Combiner head-up displays
-Windshield head-up displays
-Augmented reality head-up displays

Displays
-Dual view displays
-Dual organic light-emitting diode (OLED) displays
-microZone display technology as OLED substitute
-Capacitive touch tablet information displays
-Curved lens displays
-Bendable multi-display system
-Multi-display modules
-Displays with 3D graphics
-Displays with embedded cameras
-Displays with light effects
-Displays with haptic feedback
-Displays with proximity and force sensing capabilities
-Displays with active privacy capabilities
-Knob-over-glass information display

Audio and Infotainment
-Open-architecture infotainment systems
-Systems with over-the-air software upgrade capabilities
-Android or HTML5-based infotainment platforms
-OpenAir premium infotainment system
-AI-based virtual assistant with natural language voice recognition
-Phoenix infotainment platform with integrated cybersecurity and over-the-air updates
-InfoCore infotainment system
-Audio head units
-Amplifiers
-Analog and digital radios
-OpenAir premium connected audio systems

Electrification technologies
-Wired battery management systems
-Wireless battery management systems
-EdgeAware smart battery management systems
-Control and sensing hardware and software
-Switchable junction boxes
-Integrated and scalable power electronics units comprised of on-board charging module with DC/DC converter

Connectivity, Telematics, and Domain Controller technologies
-Telematics control unit
-Wireless gateway platforms
-eCall emergency call modules
-Hands-free telephone with Bluetooth and USB connectivity
-V2X modules using DSRC
-C-V2X modules
-Cockpit domain controllers for passenger and commercial vehicles
-OTA update solutions
-Voice assistant systems
-AllGo App Store customizable environment
-SmartCore cockpit single-module multi-domain controllers
-DriveCore autonomous driving platform consisting of hardware, in-vehicle systems and software

DriveCore Compute hardware platform for Level 2 and above levels of autonomous driving
DriveCore Runtime framework enabling real-time communication of applications and algorithms
DriveCore Studio development environment enabling rapid algorithm testing, validation and development

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History

1997	Launched as Ford's components division.
Jan. 2000	Incorporated in Delaware.
June 2000	Became a separate company from Ford Motor Company.
2002	Opened European Corporate Office and Innovation Center in Kerpen, Germany.
2002	Exited restraint electronics business.
2003	Exited seating business.
2005	Opened China Technical Center in Shanghai.
Sept. 2005	Transferred 23 of its North American facilities and certain other related assets and liabilities to Automotive Components Holdings, LLC ("ACH"). Subsequently, on October 1, 2005, the Company sold ACH to Ford.
2008	Opened Russia office.
Jul. 2008	Visteon UK Ltd. sold the Visteon Swansea Ltd. to Linamar UK Holdings Inc. The Swansea operation manufactures driveline products.
Aug. 2008	Announced the sale of its Halewood, United Kingdom, facility to International Automotive Components Group Europe (IAC Europe).
Mar. 2009	Announced that one of its subsidiaries in the United Kingdom, Visteon UK LTD, has been placed under the control of court-appointed administrators.
May 2009	Announced that the Company and certain of its US subsidiaries voluntarily filed petitions for relief under Chapter 11 of the US Bankruptcy Code.
Mar. 2010	Sold its radar system business to Autoliv.
Oct. 2010	Emerged from Chapter 11.
Aug. 2012	Sold its automotive lighting business to Varroc Group.
Jan. 2013	Divested its Climate control business to Halla Climate Control.
Oct. 2013	Raised its equity stake in its Russian joint venture, Visteon Avtopribor Electronics, from 49 percent to 68.77 percent.
Nov. 2013	Acquired majority interests in Yanfeng Visteon Automotive Electronics Co., Ltd.
Dec. 2013	Sold all of its interest in Yanfeng Visteon Automotive Trim Systems Co., Ltd. to its Chinese joint venture partner Huayu Automotive.
Jan. 2014	Announced to purchase the automotive electronics business of Johnson Controls Inc. The acquisition is expected to be completed in the second quarter of 2014.
Apr. 2014	Divested its 50% ownership stake in Korean automotive interiors joint venture, Duckyang Industry Co., Ltd., for USD 24.1 million.
Jun. 2014	Halla Visteon Climate Control Corp. announced an agreement to acquire a majority ownership stake of 51% in Jie Xi Si (Nanjing) Automotive Climate Control Co., Ltd. for USD 6.4 million.
Jun. 2014	Acquired 50% ownership of Changchun Faway Johnson Controls Automotive Electronics from Johnson Controls Asia Holdings Co., Ltd.
Jul. 2014	Acquired Johnson Controls’ Automotive Electronics business for USD 265 million.
Aug. 2014	Halla Visteon Climate Control completed acquisition of the automotive thermal and emissions product line of Cooper-Standard Automotive Inc. in a USD 46 million cash transaction.
Nov. 2014	Completed first phase of the divestiture of the Company’s interiors business to Reydel Automotive Holdings B.V., involving operations in Europe, Asia and South America.
Dec. 2014	Completed divestiture of interiors business in India to Reydel Automotive Holdings B.V. as part of a series of transactions to divest the Company’s interiors business.
Dec. 2014	Announced that it has entered into an agreement to sell its approximately 70 percent ownership interest in Halla Visteon Climate Control Corp. (HVCC) to an affiliate of Hahn & Company – a South Korea-based private equity company – and Hankook Tire Co., Ltd. for approximately USD 3.6 billion. The transaction is expected to be completed in the first half of 2015.
Jun. 2015	Withdrew from the Climate business with the divestiture of Halla Visteon Climate Control Corp.
Dec. 2015	Completed divestiture of automotive interiors plant in Berlin, Germany to APCH Automotive Plastic Components Holding GmbH.
Jul. 2016	Acquired AllGo Embedded Systems Pvt. Ltd., an India-based supplier of embedded multimedia and smartphone connectivity software solutions for automotive applications.