Visteon Announces Definitive Agreement To Consolidate Worldwide Climate Operations Under 70 Percent-Owned Affiliate Halla Climate Control

Throughout its majority ownership, Visteon has supported HCC's approximately $1 billion investment to become a more competitive supplier globally, building on HCC's strong reputation in Korea.

Rothschild and Squire Sanders are advising Visteon on the climate transaction.

About VisteonVisteon is a leading global automotive supplier delivering value for vehicle manufacturers and shareholders through a family of businesses including:

• Halla Visteon Climate Control, majority-owned by Visteon and the world's second largest global supplier of automotive climate components and systems (consolidation to be completed in first quarter 2013).
• Visteon Electronics, a leading supplier of audio/infotainment, driver information, center stack electronics and feature control modules
• Visteon Interiors, a global provider of vehicle cockpit modules, instrument panels, consoles and door trim modules.
• Yanfeng Visteon Automotive Trim Systems Co., Ltd., a successful China-based partnership between Visteon and Shanghai Automotive Industry Corporation's automotive components group, Huayu Automotive Systems.

Through this family of enterprises, Visteon designs, engineers and manufactures innovative components and systems for virtually every vehicle manufacturer worldwide, and these businesses generated more than $12 billion in sales in 2011, including unconsolidated operations. With corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Chelmsford, UK; Visteon has facilities in 28 countries and employs through its various businesses, including unconsolidated operations, approximately 55,000 people. Learn more at www.visteon.com.

SOURCE Visteon Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

« First ‹ Previous 1 2