Advertisement
YOU ARE HERE: LAT HomeCollectionsVisteon Company
IN THE NEWS

Visteon Company

FEATURED ARTICLES
BUSINESS
January 20, 2001 | Bloomberg News
Visteon Corp. said its profit dropped 67% in the fourth quarter to $31 million, or 23 cents a share, because of a production decline at former parent Ford Motor Co. and price cuts. The results beat the average analyst forecast of 19 cents, according to First Call/Thomson Financial. Sales declined 4.2% to $4.5 billion, in part because Visteon gave Ford a 5% price cut as part of its separation in June.
ARTICLES BY DATE
BUSINESS
November 1, 2006 | From Bloomberg News
Visteon Corp., the auto parts maker spun off from Ford Motor Co., said its third-quarter loss narrowed because of reduced expenses and announced plans to cut 900 salaried jobs in the U.S. and Europe. The company, based in Van Buren Township, Mich., said its net loss shrank to $177 million, or $1.38 a share. That compared with a deficit of $207 million, or $1.64, a year earlier. Visteon, which trimmed expenses by shifting some operations to Ford in October 2005, said revenue fell 36% to $2.
Advertisement
BUSINESS
June 3, 2000 | Reuters
Ford Motor Co.'s Visteon automotive parts unit said it expected to raise about $1.5 billion through a stock offering this summer after its spinoff as an independent company. But the continuing supply relationship with Ford is expected to hold back profitability in 2000 and beyond, the company said. Dearborn, Mich.-based Visteon said agreements granting price cuts to Ford, which accounted for about 88% of its sales in 1999, would "significantly" lower profitability.
BUSINESS
September 14, 2005 | From Bloomberg News
Ford Motor Co. reached a final agreement to take back 23 plants and offices to help former parts unit Visteon Corp. cut costs. The facilities will be transferred Oct. 1 to a Ford-managed entity, with most of them to be prepared for sale, the Dearborn, Mich.-based automaker said. Visteon, which reported $1.1 billion in costs in the second quarter after the initial agreement in May, said it expected a gain "well in excess" of that amount when the transaction closed.
BUSINESS
November 2, 2004 | From Bloomberg News
Auto parts supplier Visteon Corp. said it would support its biggest customer and former parent by giving $1,000 to employees who buy vehicles from Ford Motor Co. Visteon, based in Van Buren Township, Mich., is offering the bonus to 8,100 U.S. salaried employees if they buy a Ford, Lincoln, Mercury or Mazda vehicle, spokesman Jim Fisher said. The bonus applies to 2004 and 2005 models and ends Dec. 31. "It's a way to support our largest customer," Fisher said.
NEWS
January 20, 2001
Editor's note: The following home sales were filed with the Los Angeles County Recorder's Office Dec. 27 - Jan. 2. The information was provided to The Times by First American Real Estate Solutions. ACTON Houses 33105 Santiago Rd., #147, 3 BR, 2 BA, $138,000 AGOURA Houses 3815 Tiffany Ct., 3 BR, 2 BA, $410,000 AGOURA HILLS Houses 5780 Ridgebrook Dr., 4 BR, 4 BA, $675,000 Condominiums 29659 Strawberry Hill Dr., 3 BR, 3 BA, $275,000 ARLETA Houses 14154 Gain St., 3 BR, 3 BA, $182,000 13148 Reedley St., 3 BR, 3 BA, $210,000 13420 Wentworth St., 2 BR, 3 BA, $331,000 13420 Wingo St., 3 BR, 3 BA, $112,500 9856 Woodman Ave., 2 BR, 3 BA, $180,500 BURBANK Houses 2624 N. 6th St., 3 BR, 3 BA, $302,500 800 Amherst Dr., 3 BR, 3 BA, $395,000 1451 N. Buena Vista St., 3 BR, 1 BA, $195,000 850 N. Ford St., 2 BR, 2 BA, $329,000 2826 Mansfield Dr., 3 BR, 3 BA, $300,000 721 N. Mariposa St., 3 BR, 3 BA, $200,000 1042 E. Orange Grove Ave., 2 BR, 3 BA, $295,000 1006 N. Orchard Dr., 2 BR, 3 BA, $215,000 2444 N. Parish Pl., 3 BR, 3 BA, $280,000 1924 W. Riverside Dr., 3 BR, 3 BA, $350,000 1520 N. Screenland Dr., 2 BR, 1 BA, $250,000 627 N. Sparks St., 2 BR, 4 BA, $347,000 429 W. Valencia Ave., 2 BR, 1 BA, $270,000 836 E. Valencia Ave., 2 BR, 1 BA, $440,000 1816 Winona Ave., 2 BR, 1 BA, $220,000 Condominiums 400 N. 6th St., #101, 3 BR, 3 BA, $205,000 230 Bethany Rd., #331, 2 BR,...
BUSINESS
September 14, 2005 | From Bloomberg News
Ford Motor Co. reached a final agreement to take back 23 plants and offices to help former parts unit Visteon Corp. cut costs. The facilities will be transferred Oct. 1 to a Ford-managed entity, with most of them to be prepared for sale, the Dearborn, Mich.-based automaker said. Visteon, which reported $1.1 billion in costs in the second quarter after the initial agreement in May, said it expected a gain "well in excess" of that amount when the transaction closed.
BUSINESS
April 5, 2001 | Bloomberg News
Auto-parts maker Visteon Corp. said it will eliminate about 1,800 jobs worldwide, including 12% of its salaried work force, as vehicle production slows. The jobs include about 950 salaried U.S. workers, a spokeswoman said. Visteon said it will take a charge of about $135 million in the first quarter for the job cuts, which represent about 2.2% of its total work force. Parts demand has fallen amid production cuts by American auto makers. Rival Delphi Automotive Systems Corp.
BUSINESS
June 1, 2001 | From Associated Press
A group of white-collar employees who say they were fired from Visteon Corp. because of their age have filed a multimillion-dollar lawsuit against the auto parts supplier. The lawsuit filed in Wayne County Circuit Court by eight plaintiffs age 51 to 58 alleges that Visteon targeted older workers when it fired 1,300 salaried employees this year.
BUSINESS
January 4, 2001 | P.J. Huffstutter
Extending the reach of digital music, Los Angeles start-up PhatNoise Inc., which makes a removable MP3 jukebox for the car, is expected to announce a licensing deal today with the nation's second-largest auto parts supplier, Visteon Corp. Financial details were not disclosed, but officials with both companies say the agreement is part of an industrywide push to meet consumer demand to play digital tunes in the car.
BUSINESS
November 2, 2004 | From Bloomberg News
Auto parts supplier Visteon Corp. said it would support its biggest customer and former parent by giving $1,000 to employees who buy vehicles from Ford Motor Co. Visteon, based in Van Buren Township, Mich., is offering the bonus to 8,100 U.S. salaried employees if they buy a Ford, Lincoln, Mercury or Mazda vehicle, spokesman Jim Fisher said. The bonus applies to 2004 and 2005 models and ends Dec. 31. "It's a way to support our largest customer," Fisher said.
BUSINESS
June 1, 2001 | From Associated Press
A group of white-collar employees who say they were fired from Visteon Corp. because of their age have filed a multimillion-dollar lawsuit against the auto parts supplier. The lawsuit filed in Wayne County Circuit Court by eight plaintiffs age 51 to 58 alleges that Visteon targeted older workers when it fired 1,300 salaried employees this year.
BUSINESS
April 5, 2001 | Bloomberg News
Auto-parts maker Visteon Corp. said it will eliminate about 1,800 jobs worldwide, including 12% of its salaried work force, as vehicle production slows. The jobs include about 950 salaried U.S. workers, a spokeswoman said. Visteon said it will take a charge of about $135 million in the first quarter for the job cuts, which represent about 2.2% of its total work force. Parts demand has fallen amid production cuts by American auto makers. Rival Delphi Automotive Systems Corp.
BUSINESS
January 20, 2001 | Bloomberg News
Visteon Corp. said its profit dropped 67% in the fourth quarter to $31 million, or 23 cents a share, because of a production decline at former parent Ford Motor Co. and price cuts. The results beat the average analyst forecast of 19 cents, according to First Call/Thomson Financial. Sales declined 4.2% to $4.5 billion, in part because Visteon gave Ford a 5% price cut as part of its separation in June.
NEWS
January 20, 2001
Editor's note: The following home sales were filed with the Los Angeles County Recorder's Office Dec. 27 - Jan. 2. The information was provided to The Times by First American Real Estate Solutions. ACTON Houses 33105 Santiago Rd., #147, 3 BR, 2 BA, $138,000 AGOURA Houses 3815 Tiffany Ct., 3 BR, 2 BA, $410,000 AGOURA HILLS Houses 5780 Ridgebrook Dr., 4 BR, 4 BA, $675,000 Condominiums 29659 Strawberry Hill Dr., 3 BR, 3 BA, $275,000 ARLETA Houses 14154 Gain St., 3 BR, 3 BA, $182,000 13148 Reedley St., 3 BR, 3 BA, $210,000 13420 Wentworth St., 2 BR, 3 BA, $331,000 13420 Wingo St., 3 BR, 3 BA, $112,500 9856 Woodman Ave., 2 BR, 3 BA, $180,500 BURBANK Houses 2624 N. 6th St., 3 BR, 3 BA, $302,500 800 Amherst Dr., 3 BR, 3 BA, $395,000 1451 N. Buena Vista St., 3 BR, 1 BA, $195,000 850 N. Ford St., 2 BR, 2 BA, $329,000 2826 Mansfield Dr., 3 BR, 3 BA, $300,000 721 N. Mariposa St., 3 BR, 3 BA, $200,000 1042 E. Orange Grove Ave., 2 BR, 3 BA, $295,000 1006 N. Orchard Dr., 2 BR, 3 BA, $215,000 2444 N. Parish Pl., 3 BR, 3 BA, $280,000 1924 W. Riverside Dr., 3 BR, 3 BA, $350,000 1520 N. Screenland Dr., 2 BR, 1 BA, $250,000 627 N. Sparks St., 2 BR, 4 BA, $347,000 429 W. Valencia Ave., 2 BR, 1 BA, $270,000 836 E. Valencia Ave., 2 BR, 1 BA, $440,000 1816 Winona Ave., 2 BR, 1 BA, $220,000 Condominiums 400 N. 6th St., #101, 3 BR, 3 BA, $205,000 230 Bethany Rd., #331, 2 BR,...
BUSINESS
January 4, 2001 | P.J. Huffstutter
Extending the reach of digital music, Los Angeles start-up PhatNoise Inc., which makes a removable MP3 jukebox for the car, is expected to announce a licensing deal today with the nation's second-largest auto parts supplier, Visteon Corp. Financial details were not disclosed, but officials with both companies say the agreement is part of an industrywide push to meet consumer demand to play digital tunes in the car.
BUSINESS
November 1, 2006 | From Bloomberg News
Visteon Corp., the auto parts maker spun off from Ford Motor Co., said its third-quarter loss narrowed because of reduced expenses and announced plans to cut 900 salaried jobs in the U.S. and Europe. The company, based in Van Buren Township, Mich., said its net loss shrank to $177 million, or $1.38 a share. That compared with a deficit of $207 million, or $1.64, a year earlier. Visteon, which trimmed expenses by shifting some operations to Ford in October 2005, said revenue fell 36% to $2.
BUSINESS
June 3, 2000 | Reuters
Ford Motor Co.'s Visteon automotive parts unit said it expected to raise about $1.5 billion through a stock offering this summer after its spinoff as an independent company. But the continuing supply relationship with Ford is expected to hold back profitability in 2000 and beyond, the company said. Dearborn, Mich.-based Visteon said agreements granting price cuts to Ford, which accounted for about 88% of its sales in 1999, would "significantly" lower profitability.
Los Angeles Times Articles
|