This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Visteon Boosts Equity Stake In Russian Electronics Joint Venture

VAN BUREN TOWNSHIP, Mich., Oct. 31, 2013 /PRNewswire/ -- Visteon Corporation (NYSE: VC) has raised its equity stake in its Russian joint venture, Visteon Avtopribor Electronics, from 49 percent to 68.77 percent.  This action positions Visteon as a majority shareholder in one of Russia's leading cockpit electronics suppliers. 

(Logo: http://photos.prnewswire.com/prnh/20001201/DEF008LOGO)

" Russia remains one of the most attractive automotive markets in Europe and, since its inception, Visteon Avtopribor Electronics has successfully maintained a double-digit growth rate," said Steve Meszaros, president, Visteon Electronics. "With the strong leadership and full support of both partners, Visteon Avtopribor Electronics continues to show high potential for growth." 

Established in 2010, Visteon Avtopribor Electronics is a joint venture between Visteon and one of Russia's largest automotive suppliers, Avtopribor. Visteon Avtopribor Electronics has full manufacturing and product development capabilities and supplies a range of cockpit electronics products to global and local vehicle manufacturers including Ford Motor Co., Renault Nissan, GAZ and VAZ. 

Centrally located in Vladimir, Russia, 170 kilometers (105 miles) east of Moscow, Visteon Avtopribor Electronics employs 190 people. 

Visteon Electronics is a leading automotive supplier of cockpit electronics that delivers innovative in-vehicle user experiences through solutions in user interfaces, connectivity and open architectures. Supported by a global network of 16 manufacturing facilities, four technical centers and 11 customer centers, Visteon Electronics employs approximately 5000 people in its consolidated operations.

About Visteon

Visteon is a global automotive supplier that designs, engineers and manufactures innovative components and systems for virtually every vehicle manufacturer worldwide through a family of businesses including Visteon Electronics, Visteon Interiors, Halla Visteon Climate Control Corp. and Yanfeng Visteon Automotive Trim Systems Co., Ltd. These businesses generated $13.8 billion in sales in 2012 and employ approximately 55,000 people at facilities in 29 countries, including non-consolidated operations. Visteon has corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Chelmsford, UK. Learn more at www.visteon.com

Follow Visteon:

www.twitter.com/visteon www.youtube.com/visteon blog.visteon.com www.google.com/+visteon http://www.linkedin.com/company/visteon

SOURCE Visteon Corporation

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,010.68 -115.44 -0.64%
S&P 500 2,107.39 -13.40 -0.63%
NASDAQ 5,070.0260 -27.95 -0.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs