Surrounded by curved displays and machines that learn.
The facility is on the site of a former World War II bomber plant opened by Ford and later operated by GM.
It's a $37 billion market that's expected to double.
Those that hanker for the days when automobiles were generally simple machines – responsive only to the will of their human masters – probably don't work in R&D at Visteon. The Michigan-based automotive supplier, with a track record in climate control and electronics manufacture, has released some new information about a new system it is calling Human Bayesian Intelligence Technology or HABIT.
If Nissan thought its all-electric Leaf was high-tech, well, Visteon is looking to go a little further. The Michigan-based auto supplier is displaying its e-Bee concept at Munich's Electronica 2012 Trade Fair, and there is no shortage of techie goodies.
If you're a blue-blooded American capitalist, there's nothing better than leading your company to the top of the Fortune 500 – except for making billions of dollars in profits, that is. But thankfully those two objectives tend to go hand-in-hand, as proven by these two men.
As one of the world's largest suppliers of automotive parts, Visteon is a highly valuable company with hands in many areas of vehicle production. Visteon produces components for automotive interiors, climate control systems, lighting and electronics. The company is run by CEO Donald Stebbins, and the man in charge has hinted that Visteon could move to push its divisions into separate entities. The Tier 1 supplier has struggled in recent years,
There were some raised eyebrows after Ford CEO Alan Mulally raked in $26.5 million in 2010, even after the company realized a healthy profit and significantly improved sales. But while Mulally got a big check for being instrumental in the company's high-profile turnaround, he wasn't even the highest paid CEO in Michigan.
Automobile parts supplier Visteon appears to be closer than ever to exiting bankruptcy after 15 long months of proceedings, with the help of the company's one-time master. The Detroit Free Press is reporting that Ford has agreed to waive $268 million in pension and retiree claims, relieving the troubled supplier of still more debt obl
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 that each share earned two cents during the period, compared to a $105 million loss last year. The company's books saw a gain after sending its British operations into Chapter 11, an occurrence that will not be repeated. The one-time nature of the accounting measures doesn't bode well for the next thre
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 shares hit 2 cents, forcing the New York Stock Exchange to delist the company. If the ailing supplier had failed to make the payment, it would have surely sent it spiraling into bankruptcy.
Much like Delphi, auto parts supplier Visteon has struggled mightily to survive since being spun off from former parent Ford. Over the last few years they have shed many business units with the latest being a portfolio of technologies for reducing CO2 emissions. Controlled Power Technologies has just acquired powertrain technology and licenses that
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 away from incentives has increased the profitability of the Big Three, it puts the squeeze on suppliers by decreasing production (you can bet that none of that profit make
"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.