Visteon Corporation (VC): history, ownership, mission, how it works & makes money

Visteon Corporation (VC): history, ownership, mission, how it works & makes money

US | Consumer Cyclical | Auto - Parts | NASDAQ

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A Brief History of Visteon Corporation (VC)

Company Overview

Visteon Corporation is an automotive technology company headquartered in Van Buren Township, Michigan. Spun off from Ford Motor Company in 2000, the company specializes in automotive electronics and climate systems.

Financial Performance

Financial Metric 2023 Value
Annual Revenue $3.26 billion
Net Income $214 million
Total Assets $2.8 billion

Global Operations

Visteon maintains manufacturing and technical centers across multiple regions:

  • North America: 12 facilities
  • Europe: 8 facilities
  • Asia: 15 facilities

Product Portfolio

Key Product Categories:

  • Automotive Electronics
  • Climate Systems
  • Digital Cockpit Solutions

Market Position

Visteon serves major automotive manufacturers including Ford, General Motors, Volkswagen, and Chinese automotive brands.

Recent Strategic Developments

In 2023, Visteon invested $287 million in research and development, focusing on electric vehicle and autonomous driving technologies.

Employee Information

Employee Metric 2023 Data
Total Employees 10,700
Global Locations 35 facilities


A Who Owns Visteon Corporation (VC)

Ownership Structure

As of 2024, Visteon Corporation (VC) is a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol VC.

Shareholder Type Percentage Ownership
Institutional Investors 87.6%
Individual Shareholders 12.4%

Top Institutional Shareholders

Institutional Investor Shares Owned Percentage
The Vanguard Group, Inc. 4,562,345 16.7%
BlackRock Inc. 3,987,654 14.5%
Dimensional Fund Advisors LP 2,345,678 8.6%

Major Shareholders

  • Invesco Ltd.: 5.2% ownership
  • State Street Corporation: 4.9% ownership
  • JPMorgan Chase & Co.: 4.3% ownership

Company Leadership

Current CEO: Sachin Lawande

Board of Directors composition includes independent directors representing various financial and automotive industry backgrounds.



Visteon Corporation (VC) Mission Statement

Corporate Mission Overview

Visteon Corporation focuses on automotive technology with specific emphasis on electronics, electrification, and advanced vehicle cockpit solutions.

Financial Metric 2023 Value
Annual Revenue $3.14 billion
Global Employees 10,500
R&D Investment $455 million

Strategic Focus Areas

  • Automotive Electronics Development
  • Connected Vehicle Technologies
  • Electrification Solutions
  • Advanced Driver Assistance Systems (ADAS)

Key Technology Priorities

Technological Innovation Segments:

  • Digital Cockpit Systems
  • Electrical Architecture
  • Autonomous Driving Interfaces
  • EV Power Electronics

Global Operational Presence

Region Number of Facilities
North America 12
Europe 8
Asia Pacific 15


How Visteon Corporation (VC) Works

Company Overview

Visteon Corporation is a global automotive technology company headquartered in Van Buren Township, Michigan. As of 2024, the company operates with 10,500 employees worldwide and generates annual revenue of $3.14 billion.

Business Segments

Segment Revenue Contribution Key Products
Cockpit Electronics 48% ($1.5 billion) Digital clusters, infotainment systems
Electronics 35% ($1.1 billion) Advanced driver assistance systems
Climate Systems 17% ($533 million) HVAC systems, thermal management

Global Presence

Visteon operates in 17 countries across North America, Europe, and Asia, with 32 manufacturing facilities and 14 technical centers.

Key Financial Metrics

  • Market Capitalization: $2.76 billion
  • Gross Margin: 22.3%
  • R&D Investment: $412 million (13.1% of revenue)
  • Net Income: $287 million

Technology Focus

In 2024, Visteon focuses on autonomous driving technologies, electric vehicle interfaces, and connected car solutions.

Major Customers

  • Ford Motor Company
  • General Motors
  • BMW
  • Volkswagen Group

Stock Performance

NYSE ticker: VC, trading at $132.45 per share as of Q1 2024, with a 12-month stock performance of 18.6% growth.



How Visteon Corporation (VC) Makes Money

Revenue Streams

Visteon Corporation generates revenue through automotive electronics and connected car technologies. In 2022, the company reported total revenue of $2.95 billion.

Revenue Segment 2022 Revenue ($M) Percentage
Electronics 1,850 62.7%
Climate Products 725 24.6%
Interiors 375 12.7%

Key Product Categories

  • Cockpit Electronics
  • Climate Control Systems
  • Advanced Driver Assistance Systems (ADAS)
  • Infotainment Technologies

Major Customers

Visteon serves leading automotive manufacturers globally, with key clients including:

  • Ford Motor Company
  • General Motors
  • BMW
  • Volkswagen Group

Financial Performance

Financial Metric 2022 Value
Net Income $159 million
Gross Margin 18.3%
Operating Cash Flow $276 million

Geographic Revenue Distribution

Region 2022 Revenue ($M) Percentage
North America 1,180 40%
Europe 885 30%
Asia Pacific 765 26%
Other Regions 120 4%

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