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US auto supplier Visteon has a new CEO and president

US auto supplier Visteon has a new CEO and president

Van Buren Township-based auto parts manufacturer Visteon has appointed Sachin Lawande to succeed Timothy Leuliette as of June 29 in the positions of president and chief executive officer. Lawande, 48, has also been named to the board of directors of the company, coming with more a decade of leadership experience […]

Visteon launches new connected car technologies at CES 2014

Visteon launches new connected car technologies at CES 2014

The auto parts supplier will present its latest automotive cockpit electronics products and innovations at the 2014 International CES, including several new concepts with advanced connected car features and Cloud-based technology. Visteon’s automotive concepts explore future consumer electronics technologies to safely deliver a wider choice of information and applications to […]

Ford sells its last auto parts company

Ford sells its last auto parts company

Ford Motor Company announced on Monday that it would sell its last remaining auto parts company to a joint venture between French supplier Valeo SA and a former Detroit Pistons basketball player. The sale of Ford’s climate control business fulfills the goal of its Automotive Components Holdings (ACH), a unit […]

Visteon To Buy Rest Of Halla for $805 mln

Visteon To Buy Rest Of Halla for $805 mln

U.S. auto parts supplier Visteon Corp (VC.N) said it would offer some 913 billion Korean won ($805 million) to take full control of South Korean car air conditioner maker Halla Climate Control Corp. The offer price represents a premium of about 15% to Halla’s stock price on the Korean exchange […]

Visteon plans to sell its automotive lighting business

Visteon plans to sell its automotive lighting business

Visteon, one of the world’s largest suppliers of automotive parts plans to sell its automotive lighting business to India-based Varroc Group for $92 million after the company posted a $26 million loss for the fourth quarter. The business to be sold encompasses a wide range of exterior lighting products supplied […]