Welcome to our dedicated page for VISTEON CORPORATION news (Ticker: VC), a resource for investors and traders seeking the latest updates and insights on VISTEON CORPORATION stock.
Visteon Corporation (Nasdaq: VC) is a global leader in designing, engineering, and manufacturing innovative cockpit electronics products and connected car solutions. Catering to major vehicle manufacturers like Ford, Nissan, Renault, Mazda, BMW, General Motors, and Honda, Visteon is a prominent provider of driver information and control systems, audio and infotainment solutions, and domain controllers. The company's notable brands include Lightscape®, OpenAir®, and SmartCore™.
Headquartered in Van Buren Township, Michigan, with additional corporate offices in Shanghai, China, and Chelmsford, UK, Visteon operates more than 50 facilities across 21 countries. Employing over 11,000 people, Visteon recorded annual sales of approximately $3.76 billion and secured $6 billion in new business in 2022.
Visteon's core business revolves around advanced vehicle cockpit electronics that encompass digital instrument clusters, domain controllers with integrated advanced driver assistance systems, displays, Android-based infotainment systems, and battery management systems. These products align with industry trends such as digitalization, electrification, and autonomous driving.
Recent achievements include the launch of digital clusters on Mercedes EQE, hybrid cluster programs on Ford Transit models in Europe, and digital clusters on Tata vehicle lines in India. Visteon has also secured new business worth $5.8 billion in the first nine months of 2023, including its first AllGo™ App Store win for an Indian OEM and a conquest digital cockpit system for a premium German OEM.
Financially, Visteon reported net sales of $1,014 million in Q3 2023, reflecting a 9% year-over-year growth in base sales. The company's adjusted EBITDA for the quarter was $128 million, a significant increase from the previous year. Visteon ended the third quarter with $485 million in cash and $341 million in debt, highlighting a solid financial standing.
The company's innovative approach extends to digital cockpit electronics, displays, and electrification. Visteon will showcase its advancements in these areas at CES 2024, including the AllGo® Connected Services, SmartCore® Service Oriented Architecture, and SmartZone Zonal Controller concept. Their display technology, including the Curved Large Format OLED Display, exemplifies cutting-edge power efficiency and superior image quality.
Visteon's commitment to sustainability is evident in its wireless Battery Management Systems (BMS) and state-of-the-art power electronics, focusing on optimizing energy conversion and packaging efficiency for the evolving electric vehicle ecosystem.
Stay connected with Visteon for the latest updates through their social media channels: LinkedIn, Twitter, Facebook, YouTube, Instagram, Weixin, Weibo, and Youku.
Learn more about Visteon at www.visteon.com.
Visteon Corporation (NASDAQ: VC) reported Q2 sales of $610 million, a 59% year-over-year increase, outperforming industry production growth of 49%. Despite a net loss of $11 million, adjusted EBITDA rose to $30 million, reflecting improved margins due to higher volume and cost efficiencies. The company secured $3.2 billion in new business, including a $640 million expansion for a digital cluster program. Visteon also added a fourth two-wheeler customer and launched seven new products, maintaining a net cash position of $115 million.
Visteon Corporation (Nasdaq: VC) will release its second-quarter 2021 financial results on July 29, 2021, at 7 a.m. ET. A conference call for investors is scheduled for 9 a.m. ET, allowing public access through a live audio webcast. The dial-in numbers for participation are provided. The call will also be available for replay via the company's website. Visteon is focused on automotive electronics, reporting approximately $2.5 billion in sales and booking $4.6 billion of new business in 2020, showcasing its commitment to innovation in connected and safe driving experiences.
Visteon collaborates with ECARX and Qualcomm Technologies to create an advanced digital automotive experience, debuting in Geely Auto's Xingyue L SUV. This first application of Visteon's SmartCore™ cockpit domain controller integrates Qualcomm's 3rd Generation Snapdragon Automotive Cockpit Platforms for a modern intelligent cockpit. Key features include AI voice assistance and immersive entertainment options. This partnership aims to set a benchmark for connected vehicle experiences, enhancing safety and enjoyment for drivers and passengers.
Visteon Corporation (Nasdaq: VC) will present at Deutsche Bank’s 2021 Global Auto Industry Conference on June 16, 2021. The presentation, featuring CEO Sachin Lawande and CFO Jerome Rouquet, will commence at 9:30 a.m. ET and include a Q&A session lasting approximately 35 minutes. A live audio webcast, along with presentation materials, will be available on Visteon's investor website. Visteon specializes in automotive electronics and reported approximately $2.5 billion in sales for 2020, with $4.6 billion in new business booked.
Visteon Corporation reported Q1 net sales of $746 million, a 14% year-over-year increase excluding currency effects. The company achieved a net income of $16 million or $0.56 per diluted share. Adjusted EBITDA rose to $64 million, representing 8.6% of sales. Notably, Visteon secured $1.8 billion in new business, including its first microZone™ display technology win. Cash from operations was $11 million with a strong cash position of $486 million against $349 million in debt.
Visteon Corporation (Nasdaq: VC) will announce its first-quarter 2021 financial results on April 29 at 7 a.m. ET, followed by a conference call at 9 a.m. ET. This call is accessible to the public via a live audio webcast. Investors can participate using specific dial-in numbers provided in the announcement. The replay of the call will be available for one week. Visteon focuses on automotive electronics, reporting approximately $2.5 billion in sales and booking $4.6 billion in new business in 2020. The company aims to enhance the driving experience through innovative technology solutions.
Visteon Corporation (NASDAQ: VC) reported Q4 net sales of $787 million, marking a 5% year-over-year increase excluding currency effects. Net income stood at $18 million, or $0.64 per diluted share, with adjusted net income of $30 million or $1.06 per diluted share. The company secured $1.4 billion in new business wins and launched 11 new products. For 2021, Visteon projects sales between $2.875 billion and $3.025 billion, anticipating a 16% increase in sales year-over-year. Adjusted EBITDA is expected to be between $230 million and $270 million.
Visteon Corporation (Nasdaq: VC), alongside ECARX and Qualcomm Technologies, announced their collaboration to develop intelligent cockpit solutions for vehicles starting in 2021. This initiative utilizes Visteon's SmartCore™ cockpit controller based on Qualcomm's 3rd Generation Snapdragon™ Automotive Cockpit Platforms. The first application targets the Asia Pacific region. Visteon's President and CEO, Sachin Lawande, emphasized the importance of enhancing user experience through complex human interfaces, calling digital content the 'battleground' for OEMs.
Visteon Corporation (Nasdaq: VC) will release its fourth-quarter and full-year 2020 financial results before 7 a.m. ET on February 18, 2021. A conference call for investors is scheduled at 9 a.m. ET to discuss the results, which will also be accessible to the public via a live webcast. Dial-in numbers for participation are provided, and a replay will be available post-call. Visteon specializes in automotive electronics and innovative connected car solutions, reporting approximately $3 billion in sales in 2019.
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