Post Tagged with: "Visteon"

Halla Visteon Climate Control Begins Production at South American Plant

Halla Visteon Climate Control Corp. (KS: 018880) celebrated the opening of its first manufacturing facility in South America. The new plant in Atibaia, in the state of São Paulo, Brazil, assembles heating, ventilation and air conditioning (HVAC) components for automakers in the region. A ceremony marking the start of production was attended by guests including local government officials, customers, suppliers,[Read More…]

Visteon announces second-quarter 2014 results; Reports record quarterly adjusted EBITDA

Financial performance Sales of $2.04 billion ($1.78 billion excluding discontinued operations) Record quarterly adjusted EBITDA of $193 million ($175 million excluding discontinued operations) Cash from operations of $31 million Continued progress under comprehensive shareholder value creation plan Reached agreement to sell majority of interiors business Completed acquisition of Johnson Controls’ electronics business on July 1 Completed HVCC acquisition of thermal[Read More…]

The mid and long term prospects for Indian auto market is promising

The mid and long term prospects for Indian auto market is promising

Despite continuing slowdown in the auto industry, Halla Visteon Climate Systems India Limited (HVCSIL) is confident of growth and as supporting plans in place. The  Managing Director of the company Amit Gupta, who is also the South Asia Operations Director spoke to T Murrali to share his views of the company’s strategy. Edited excerpts:   Q: As the one responsible for HVCC South[Read More…]

by August 5, 2014 Upfront, Web Exclusive

Halla Visteon Climate Control Completes Acquisition of Thermal and Emissions Product Line of Cooper-Standard Automotive

Halla Visteon Climate Control Corp., has announced it has completed the acquisition of the automotive thermal and emissions product line of Cooper-Standard Automotive Inc., a subsidiary of Cooper-Standard Holdings Inc. (NYSE:CPS), in a cash transaction valued at $46 million, subject to price adjustment. The transaction was announced by both companies on June 30. “We are pleased to have completed this acquisition,[Read More…]

Awards bring more challenges: Sat Mohan Gupta

Awards bring more challenges: Sat Mohan Gupta

Chennai headquartered Comstar Automotive Technologies Private Limited has won the prestigious Ford Global Supplier Excellence Award in ‘Silver’ category for the supply of starter assemblies. The CEO of the company, Sat Mohan Gupta shares his views with T Murrali on the journey towards this coveted recognition and the way forward. Edited excerpts:   Q: Congratulations on getting the Silver Medallion[Read More…]

by July 28, 2014 Upfront

Halla Visteon Climate Control’s YH Park Recognized with Global Green Management Excellence Award

YH Park, President and CEO of Halla Visteon Climate Control Corporation (HVCC) received a Bronze Tower Order of Industrial Service Merit at the annual Global Green Management Excellence Award event in Seoul. The event is jointly hosted by the Korean Ministry of Environment and the Ministry of Trade, Industry and Energy. The award is considered as the best in sustainable and[Read More…]

Visteon Completes Acquisition of Electronics Business of Johnson Controls

Visteon Completes Acquisition of Electronics Business of Johnson Controls

Visteon Corporation today announced that it has completed the acquisition of the automotive electronics business of Johnson Controls, creating one of the world’s three largest suppliers of vehicle cockpit electronics. The two companies announced plans for the $265 million cash transaction on Jan. 13. The acquisition will enhance Visteon’s competitive position in the fast-growing vehicle cockpit electronics segment by strengthening[Read More…]

Halla Visteon Climate Control to acquire Thermal and Emissions Product Line of Cooper-Standard Automotive

Halla Visteon Climate Control Corporation (HVCC) has agreed to purchase the automotive thermal and emissions product line of Cooper-Standard Automotive Inc., a subsidiary of Cooper-Standard Holdings Inc. in a move that will expand its thermal energy management product portfolio and further diversify its customer base. The cash transaction, valued at $46 million and subject to adjustment and certain regulatory and[Read More…]

Halla Visteon Climate Control signs agreement to acquire majority stake in China JV

Halla Visteon Climate Control signs agreement to acquire majority stake in China JV

Halla Visteon Climate Control (HVCC) has announced that the company has reached an agreement to acquire an ownership stake in Japan Climate Systems (JCS) Nanjing of 51 percent and become the majority shareholder. The cash transaction, valued at $6.4 million (6.5 billion Korean Won), is subject to adjustments and expected to be finished in the third quarter of 2014, after[Read More…]

Shareholder value creation plan and solid financial performance mark Visteon’s Q1 results

Shareholder value creation plan and solid financial performance mark Visteon’s Q1 results

Visteon Corporation today announced first-quarter 2014 results, reporting sales of $1.98 billion and net income attributable to the company of $19 million, or $0.38 per diluted share. Adjusted EBITDA, a non-GAAP financial measure was $170 million, compared with $141 million in the same period last year. “We delivered solid financial results in the first quarter while announcing or completing key[Read More…]