Visteon Careers and Employment
About the company
- CEO飯久保洋77%approve of 飯久保洋's performance
- Founded2000
- Company sizemore than 10,000
- Revenue₹ 100B - ₹ 500B
- IndustryTransportation Equipment Manufacturing
- Headquarters1 Village Center Dr. Van ...
- Link
Visteon is the visionary-sounding name Ford Motor bestowed on its automotive components unit when it was spun off in 2000. One of the largest auto parts makers in the US, the company has evolved to operate three business groups: Climate Control (climate systems, powertrain cooling systems); Electronic Products (audio systems, driver control systems, infotainment systems, powertrain and feature control modules); and Interior Products (cockpits, door modules, consoles). Ford represents about 25% o...
Visteon is the visionary-sounding name Ford Motor bestowed on its automotive components unit when it was spun off in 2000. One of the largest auto parts makers in the US, the company has evolved to operate three business groups: Climate Control (climate systems, powertrain cooling systems); Electronic Products (audio systems, driver control systems, infotainment systems, powertrain and feature control modules); and Interior Products (cockpits, door modules, consoles). Ford represents about 25% of sales; Visteon also provides products and services to aftermarket customers. More than 80% of its sales are made outside the US.
Bankruptcy
The company is attempting to bounce back after a bout of bankruptcy. It filed for Chapter 11 in spring 2009 and emerged in fall 2010. Like the rest of the auto parts industry, the company suffered significantly from decreased orders and sales from OEMs, and the bankruptcies of customers GM and Chrysler further decimated its balance sheet. Visteon completed its reorganization, having reduced its debt by more than $2 billion. It was allowed to convert its existing debt -- about $1.6 billion -- to stock in a new company.
Geographic Reach
Visteon has corporate offices in Van Buren Township, Michigan; Shanghai; and Chelmsford, UK. It owns facilities worldwide in more than 25 countries.
Sales & Marketing
Despite its recent bankruptcy, Visteon's customers remained true during its reorganization. While Ford represents a quarter of Visteon's business, the Hyundai Kia Automotive Group tops that, commanding around 30% of the company's revenues. Visteon provides components to a lion's share of the top global automotive OEMs -- Daimler, Honda, Toyota, and Volkswagen is the short list.
Financial Analysis
Although Visteon's net sales increased by almost 8% ($7.5 billion to almost $8.1 billion) from 2010 to 2011, its net income plunged significantly (92%) from $1 billion to a paltry $80 million. Restructuring expenses of $34 million along with the higher costs involved in maintaining its operations ate into its profits during 2011.
Strategy
Visteon has been getting rid of extraneous divisions and units in order to focus on its more profitable operations. In 2012 Visteon sold its automotive lighting operations to Varroc Group, a fellow provider of automotive parts, for $72 million in cash. The business included front and rear lighting systems and auxiliary lamps and key parts such as projectors and electronic modules. The divesture allowed Visteon to focus on its most lucrative business segment: Climate Control. Visteon also wishes to concentrate on the more profitable products within its Electronic Products operations.
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Salaries
Salary estimated from 315 employees, users, and past and present job advertisements on Indeed.
Software Development
Sales
Rating overview
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Questions and answers
People have asked 12 questions about working at Visteon. See the answers, explore popular topics and discover unique insights from Visteon employees.
Interview insights
Insights from 34 Indeed users who have interviewed with Visteon within the last 5 years.
Common questions about Visteon
Working at Visteon
- Senior Software Engineer3.7 out of 5 stars.
- Software Engineer3.7 out of 5 stars.
- Deputy Manager3.8 out of 5 stars.
- Purchaser3.7 out of 5 stars.
- Production Engineer4.0 out of 5 stars.
- Assistant Manager4.7 out of 5 stars.
Visteon locations
- Chennai, Tamil Nadu4.0 out of 5 stars.
- Pune, Maharashtra4.0 out of 5 stars.
- Bhiwadi, Rajasthan4.3 out of 5 stars.
- Bengaluru, Karnataka2.7 out of 5 stars.
- Alwar, Rajasthan2.0 out of 5 stars.
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