visteon


BREAKING: Visteon reportedly files for Chapter 11 bankruptcy

According to Automotive News, Visteon Corp. has filed for Chapter 11 bankruptcy protection. The Michigan-based tier-1 supplier was spun off from the Ford Motor Company back in 2000, and it has struggled ever since. The filing took place in a Delaware courtroom, where the company has listed total assets of $4.58 billion and total debt of $5.3 million. Visteon's struggles have been well documented, with its ballooning debt, falling sales (down by more than 50% in the first quarter of 2009 alone) resulting in a $681 million dollar loss last year. ... Read more →

REPORT: Visteon books $2M profit. Delphi makes $556M. Wait... wha?! Dan Roth

When is a profit not a profit? When it's the result of bankruptcy prevention measures, like Visteon's report of a $2 million profit during the first quarter of 2009. The auto supplier is reporting ...

Visteon makes interest payment, avoids declaring bankruptcy Jeremy Korzeniewski

Somehow, against all odds and analyst projections, auto parts supplier Visteon managed to make a $16 million interest payment on $450 million in bonds that mature in 2014. Just last week, Visteon ...

Taking Stock: GM shares hit 75-year low, Visteon delisted after trading at 2 cents Chris Paukert

With both evidence and speculation mounting that General Motors and Tier-1 supplier Visteon Corp. have bleak futures, both companies' stock shares continue to get hammered, with GM's shares trading ...

CES 2009: Visteon shows off dashboard of the future Chris Tutor

Visteon, a major supplier of automotive instrument panels, has a vision for future car interiors that will soon give you a different view of your dashboard. One of the most interesting ideas ...

4,000 Ford workers take buyout 3 years ago on Autoblog

During a conference call yesterday, FoMoCo's President, Mark Fields, announced that over 4,000 workers would take early retirement from the Ford-owned Visteon plant in Michigan. Employees had until last Friday to make their decision and of the 10,400 workers currently employed at the plant, ...

Turnaround expert: Auto parts sector is a "very, very troubled industry" 3 years ago on Autoblog

Al Koch helped see over the revival of Kmart, so he knows a thing or two about financial difficulty - and that's exactly what he sees in the auto-part industry. Koch specially mentions decreasing production from domestic automakers as potentially causing severe trouble. While a move ...

Visteon turns a profit(!) 3 years ago on Autoblog

"Restructuring, improving base operations and growing global business" were the Big Three for Visteon in first quarter, who turned a profit, despite lower revenues. Following the news, shares rose $1.14 to $7 on the New York Stock Exchange, a substantial 19 percent improvement. Net ...






Autoblog Podcast #155: 'Twas the night before LA...

Chris, Dan, and Editor Paukert go over some LA Preview action and quietly whoop it up on the podcast.

 
 

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