Visteon Corporation, an automotive supplier, designs, engineers, and manufactures electronics products for original equipment vehicle manufacturer worldwide. Segments The company operates through two segments, Electronics and Other. Electronics: This segment provides vehicle cockpit electronics products to customers, including audio systems, information displays, instrument clusters, head up displays, infotainment systems, and telematics solutions. Other: This segment includes entities located in Europe previously associated with the Interiors business but not subject to the Interiors Divestiture. Other also includes entities in South America and South Africa previously associated with the Climate business but not subject to the Climate Transaction. Products Audio Systems The company offers a range of audio products, including audio head units, amplifiers and analog and digital radios, which deliver consumer device connectivity. The company’s OpenAir brand of premium connected audio products is based on open architecture, human machine interaction (HMI) command and control, and wireless communication. These products are designed to allow vehicle occupants to connect their mobile devices to the built-in display to access phone functions, listen to music, stream media and enable CarPlay, Android Auto and Baidu Carlife. Information Displays The company offers a range of information displays incorporating a sleek profile, craftsmanship and touch sensors, designed to deliver high performance for the automotive market. These displays could integrate a range of user interface technologies and graphics management capabilities, such as dual view and dual organic light-emitting diode (OLED) displays. Instrument Clusters The company offers a line of instrument clusters, from standard analog gauge clusters to high-resolution, fully configurable, display-based devices. These support all vehicle segments, including motorcycles. These clusters could use a range of display technologies, graphic capabilities and decorative elements, including OLED, free-form and curved displays. Premium clusters, marketed under the brand LightScape, support 3-D graphics and video features, such as driver awareness and camera inputs. Head-Up Displays (HUDs) The company provides a line of HUDs that present critical information to the driver in a convenient location and at a comfortable focal distance. Combiner HUD projects a virtual image in front of the driver using a compact, transparent screen mounted on top of the instrument panel. Windshield HUD projects the image directly on the vehicle windscreen. Infotainment Systems The company offers a range of infotainment products, based on Open Software Standards technology. These systems are designed to provide embedded content, a driver-centric user interface and cyber security. New features and content are provided by secure over-the-air software upgrades. Built on a platform, the company’s OpenAir premium infotainment system provides extensible HMI using an intelligent application interface and advanced mobile device connectivity, along with advanced driver assistance systems and driver monitoring integration. Telematics Solutions The company provides a telematics control unit to enable secure connected car services, software updates and data. The company’s telematics solution uses a single hardware and flexible software architecture to support regional telematics service providers and mobile networks. The company’s wireless gateway platform is designed to meet future connectivity requirements, including 4G, V2X, Wi-Fi and next-generation mobile standards, such as 5G. SmartCore The company offers a security-focused approach to cockpit module consolidation that addresses the complexity of cockpit electronics to improve the driving experience. SmartCore combines previously separate modules, such as instrument cluster, infotainment, HUD and advanced driver assistance solution domains on a single-module multi domain controller. It meets the needs of vehicle segments through a framework. Customers The company sells its products primarily to global vehicle manufacturers, including Ford Motor Company, Nissan, Renault, Mazda, BMW, General Motors, and Honda. Dispositions In June 2015, the company completed the sale of its 12.5% ownership interest in Yangfeng Visteon Jinqiao Automotive Trim Systems Co., Ltd., a Chinese automotive supplier. In June 2015, the company completed the sale to Hahn & Co. Auto Holdings Co., Ltd. and Hankook Tire Co., Ltd. In December 2015, the company completed the sale and transfer of its equity ownership in Visteon Deutschland GmbH, which operated the Berlin, Germany interiors plant. Seasonality Historically, the company’s business has been moderately seasonal because its largest North American customers typically cease production for approximately two weeks in July for model year changeovers and approximately one week in December during the winter holidays. Customers in Europe historically shut down vehicle production during a portion of August and one week in December. In China, customers typically shut down during one week in early October and one week in January or February. Additionally, third quarter automotive production traditionally is lower as new vehicle models enter production. Product Research and Development The company’s total research and development expenditures, net of recoveries were approximately $294 million in 2015. Competition The company's primary independent competitors include Alpine Electronics, Continental AG, Delphi Automotive PLC, Denso Corporation, Harman International, Nippon Seiki, Panasonic Corporation, Pioneer Corporation, and Robert Bosch GmbH. History Visteon Corporation was founded in 2000. The company was incorporated in Delaware in 2000.
visteon corp (VC:New York Consolidated)
One Village Center Drive
Van Buren Township, MI 48111
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