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) will participate in the Barclays 2020 Global Automotive Conference on Nov. 18, 2020. The session, featuring CEO Sachin Lawande and CFO Jerome Rouquet, starts at 8:40 a.m. ET and will last about 35 minutes. A live audio webcast will be available on Visteon's website, with a replay following the event.
Visteon, based in Van Buren Township, Michigan, specializes in cockpit electronics and innovative vehicle solutions. In 2019, the company reported sales of approximately $3 billion.
Visteon Corporation (Nasdaq: VC), a global leader in vehicle cockpit electronics, will present at the Baird 2020 Global Industrial Conference on November 12, 2020. The presentation will begin at 8:30 a.m. ET, featuring CEO Sachin Lawande and CFO Jerome Rouquet for approximately 30 minutes, including a Q&A session. Investors can access the live audio webcast and related materials on Visteon's website. Visteon specializes in innovative cockpit technologies and reported sales of about $3 billion in 2019, with a workforce of around 10,000 across 40 facilities worldwide.
Visteon Corporation (NASDAQ: VC) reported Q3 net sales of $747 million, reflecting a 3% year-over-year increase when excluding currency impact. The company achieved a net income of $6 million, or $0.21 per diluted share, and an adjusted net income of $38 million, or $1.36 per diluted share, after restructuring charges. With $1.5 billion in new business wins, Visteon launched a record 23 new products in the quarter. The firm repaid $400 million on its revolving credit facility, ending the quarter with a net cash position of $87 million.
Visteon Corporation (Nasdaq: VC) will release its third-quarter 2020 financial results on October 29, 2020, before 7 a.m. ET. A conference call will follow at 9 a.m. ET to discuss these results, accessible to the public via a live audio webcast. Interested participants can join the call using the provided dial-in numbers. A replay will be available for a week post-conference. Visteon is a leading global technology company specializing in cockpit electronics and connected car solutions, with approximately $3 billion in sales in 2019.
Visteon Corporation (Nasdaq: VC), a major player in vehicle cockpit electronics, will participate in the RBC Capital Markets Virtual Global Industrials Conference on September 15, 2020. The discussion, featuring CEO Sachin Lawande and CFO Jerome Rouquet, starts at 10:40 a.m. ET, expected to last about 30 minutes. A live audio webcast and related materials will be available on Visteon's website, with a replay accessible post-event. Visteon reported sales of approximately $3 billion in 2019 and employs roughly 10,000 people across 40 facilities worldwide.
Visteon Corporation (Nasdaq: VC), a global leader in vehicle cockpit electronics, will participate in the Citi 2020 Global Technology Conference on September 9, 2020. President and CEO Sachin Lawande, alongside CFO Jerome Rouquet, will present at 8:55 a.m. ET, followed by a Q&A session lasting approximately 45 minutes. The event will be accessible via Visteon’s website with a replay available post-event. Visteon focuses on innovative cockpit technology and connected car solutions, generating around $3 billion in sales in 2019.
Visteon Corporation (Nasdaq: VC), an auto cockpit electronics supplier, will present at the 2020 J.P. Morgan Virtual Auto Conference on Aug. 11, starting at 11:40 a.m. ET. President and CEO Sachin Lawande and CFO Jerome Rouquet will lead a 30-minute presentation followed by a Q&A session. A live audio webcast of the event will be available on Visteon’s website, with a replay accessible afterward. Visteon focuses on innovative cockpit electronics and connected car solutions, aiming to enhance safety and user experience, with sales of approximately $3 billion in 2019.
Visteon Corporation reported second-quarter 2020 net sales of $371 million, a 48% decline year-over-year excluding currency impacts. The company's sales outpaced customer production by five percentage points. Despite the downturn, Visteon launched 21 new products and secured $1.7 billion in new business year-to-date. However, the company faced a net loss of $45 million and an adjusted EBITDA loss of $3 million. Visteon maintains a cash position of $759 million against $770 million debt, with no significant near-term maturities.
Visteon Corporation (Nasdaq: VC) will announce its second-quarter 2020 financial results before 7 a.m. ET on July 30, 2020. A conference call for investors will follow at 9 a.m. ET, with details available to the public via a live audio webcast. Participants can join by dialing U.S./Canada: 866-411-5196 or Outside U.S./Canada: 970-297-2404, using Conference ID: 2369176. A replay will be accessible after the call. Visteon is a leading technology firm in cockpit electronics with approximate sales of $3 billion in 2019.
Visteon will present at Deutsche Bank’s 2020 Global Auto Industry Conference on June 11, 2020. The presentation will feature CEO Sachin Lawande and CFO Jerome Rouquet, starting at 8:30 a.m. ET, followed by a Q&A session lasting approximately 35 minutes. Interested parties can access a live audio webcast of the event and related materials through Visteon’s website. Visteon is renowned for its vehicle cockpit electronics, with 2019 sales approximating $3 billion, and operates over 40 facilities globally, employing around 11,000 people.
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