VISTEON CORPORATION - VC STOCK NEWS

Visteon Corporation (Nasdaq: VC) has appointed Bunsei Kure to its board of directors, effective February 1, 2022. Kure, former CEO of Renesas Electronics and Calsonic Kansei, brings extensive experience in the automotive and semiconductor industries. His knowledge of the Japanese automotive sector and strong relationships with OEMs will be valuable for Visteon’s future growth. The board believes Kure's expertise will enhance the company’s leadership in cockpit electronics and electrification, key growth areas in the automotive industry.

Visteon (NASDAQ: VC) showcased its innovative electrification electronics at CES 2022, positioning itself as a leader in supporting the electric vehicle (EV) market. The company highlighted its first-to-market wireless battery management system (smartBMS), which enhances scalability and reduces complexity for OEMs. Visteon’s technologies, such as the smart junction box and integrated power electronics, aim to improve vehicle performance and lower costs. With net sales around $2.5 billion in 2020, Visteon continues to play a pivotal role in the ongoing transition towards electrification in the automotive sector.

Visteon (NASDAQ: VC) unveiled its fourth-generation SmartCore™ cockpit domain controller at CES 2022, aimed at enhancing the integrated user experience in vehicles. This technology supports multiple displays, AI-driven speech recognition, and advanced safety features. SmartCore™ enables seamless over-the-air software updates, aligning with the automotive industry's shift toward connected and personalized experiences. The underlying technology features Samsung's Exynos Auto v9 SoC, promoting collaboration across infotainment and driver-assistance systems. Visteon anticipates SmartCore™ as a key growth driver, currently partnering with ten OEM customers.

Visteon (NASDAQ: VC) launched its AllGo App Store at CES 2022, aiming to enhance in-vehicle infotainment. This app-as-a-service platform integrates automotive-optimized applications, enabling automakers to customize their infotainment offerings by brand and region. The AllGo App Store supports over-the-air updates and features a self-service portal for developers to manage apps, ensuring a pipeline of validated applications. Visteon seeks to redefine the connected car experience, continuing its innovation legacy in the mobility sector, with net sales around $2.5 billion reported in 2020.

Visteon has introduced its advanced display technology at CES 2022, aiming to enhance in-vehicle user experiences. Key features include TrueColor image enhancement for improved visibility, active privacy display technology to minimize driver distraction, and AI-powered low-light enhancement for superior camera feeds. The company emphasizes that its solutions are designed for modern cockpits, offering scalable integration and low power consumption. Visteon reported net sales of approximately $2.5 billion and booked $4.6 billion in new business in 2020, underscoring its commitment to innovation in the mobility industry.

Visteon, a global technology leader in the mobility industry, will showcase its latest innovations at CES 2022, marking its 22nd year in attendance. The company plans to display technologies focused on electrification, advanced display solutions, and connected car systems. Notably, Visteon will highlight its industry-first wireless battery management system, and advanced cockpit solutions featuring AI-powered technology. With a reported net sales of approximately $2.5 billion in 2020, Visteon aims to lead the digital, electric, and connected evolution in the automotive sector.

Visteon Corporation reported third-quarter sales of $631 million, down 17% year-over-year but showing 8% growth above market levels amidst a challenging semiconductor supply situation. Net income was $5 million, with adjusted EBITDA at $42 million or 6.7% of sales. The company launched 26 new products year-to-date, winning $3.8 billion in new business, primarily for electric vehicle programs. Visteon updated its full-year guidance, projecting sales between $2.60 billion and $2.65 billion for 2021, aligning sustainability goals with the Paris Agreement.

Visteon Corporation (Nasdaq: VC) is set to announce its Q3 2021 financial results on October 28, 2021, before 7 a.m. ET. A conference call for investors will follow at 9 a.m. ET, available publicly via a live audio webcast. Participants can join using specific dial-in numbers: U.S./Canada: 844-535-3468; Outside U.S./Canada: 720-405-0988, with Conference ID 9713169. A replay of the call will be accessible through the company's website or via designated phone numbers until November 11, 2021.

Visteon Corporation (NASDAQ: VC) and BlackBerry Limited (NYSE: BB) announced an expansion of their partnership to accelerate digital cockpit solutions for the automotive industry. As part of a multi-year agreement, Visteon will utilize BlackBerry's QNX software to develop advanced infotainment, instrument clusters, and telematics systems for various manufacturers. This collaboration builds on previous successes, including a 2017 project with a Chinese OEM. Visteon's SmartCore™ technology is expected to drive growth as it aligns with the increasing adoption of Android-based systems in vehicles.