Last $106.06 USD
Change Today +0.52 / 0.49%
Volume 160.9K
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As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

visteon corp (VC) Key Developments

Visteon Corporation, Board Meeting, Dec 12, 2014

Visteon Corporation, Board Meeting, Dec 12, 2014. Agenda: To finalize the deal to sell its stakes to Hahn & Company.

Visteon Opens Research and Development Centre in China in Association with Yanfeng Automotive Trim Systems Co

Visteon has opened a research and development (R&D) centre in China in association with Yanfeng Automotive Trim Systems Co. The R&D centre, in the Jiangning development zone in Nanjing city in the eastern province of Jiangsu, will provide complete electronics solutions for different auto manufacturers on the domestic market, and will be dedicated to developing world-class auto electronic products, according to the report.

Visteon Confirms Sales Rumor

Visteon Corporation (NYSE:VC) confirmed it is currently engaged in discussions with Hahn & Company regarding a potential sale of Halla Visteon Climate Control Corp. (KOSE:A018880) to the Korea-based private equity company. There can be no assurance that these discussions will result in any transaction or on what terms any such transaction may occur. Visteon undertakes no obligation to provide further updates and does not intend to comment further regarding the discussions or other strategic alternatives involving HVCC until such time as its board of directors has determined that disclosure is appropriate.

Visteon Reportedly Signs Agreement To Sell Halla Visteon

Visteon Corporation (NYSE:VC) has signed a preliminary deal to sell 69.99% stake in Halla Visteon Climate Control Corp. (KOSE:A018880). Visteon has signed a preliminary deal with a local private equity firm for $3.6 billion, Korean media reports said. The Korea Economic Daily said Visteon plans to sign a final deal with Hahn & Company in December 2014, without citing the source of the information. The deal value was estimated at around KRW 4 trillion, the report said. Reuters reported that officials at Halla Visteon and Hahn & Company declined to comment.

Visteon Supplies Extensive Range of Cockpit Electronics for Global Mazda Cross-Vehicle Line

Visteon Corporation is presenting its infotainment and display technologies featured on Mazda's cross-vehicle line including the Mazda2, Mazda3 and Mazda Axela at Electronica 2014, Munich, Germany, from Nov. 11-14, 2014. Visteon's advanced infotainment system allows drivers to seamlessly connect their mobile devices to make and receive calls and text messages, stream audio, access social media and more -- all while helping them navigate safely to their destination. The infotainment system can be controlled using natural language voice recognition, a commander knob or the consumer electronics styled 7-inch capacitive touch tablet information display, also supplied by Visteon. This industry-first automotive tablet display incorporates a flat, touch-capable, protective surface that provides the durability necessary for the demanding automobile environment.

 

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