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.ALTEC: VISTEON, ITS CORPORATION
Visteon Corporation has as an objective to
become the most important company worldwide in automobile systems, based on technology and
focusing on the consumer. Its goal is to intrude in new businesses, so much in the
existing markets as in the emerging ones, as well as creating new growing opportunities
for its extensive product line in the market of spare parts.
Visteon was launched in
September 1997 in the Frankfurt Motor Show and at the moment it has 81 thousand employees
in more than 130 manufacturing centers; technicians, sales and services distributed in 23
countries worldwide. To be close to its clients, Visteon has offices in Yokohama,
Hiroshima and Nagoya in Japan; Southfields, Midlands, Coventry in England; Sao Paulo,
Brazil; Mexico City; Paris, France; Turin, Italy; Frankfurt, Munich, Ingolstadt,
Stuttgart, Wolfsburg and Cologne in Germany; Mlada Boslelav and Prague in the Czechian
Republic; Troy and Dearborn in Michigan.
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.ALTEC: VISTEON, ACQUISITIONS AND JOINT VENTURES
Visteon has actively searched for
opportunities that allow it to expand its technology and increase its product supply.
Towards this goal, Visteon has carried out the following acquisitions and joint ventures:
Acquisitions:
- Naldec Corporation, to set up a technical
and manufacturing platform in the Pacific, in Asia.
- Internal Division of Plastic Omnium, placing
Visteon as the market leader in automotive cabins, including climate control, audio and
multimedia system.
- Major shareholder in Duck Yang Industry Co.
Ltd., strengthening its cabin line.
- Zexxel Innovation, business aimed to
navigation systems development now called Visteon Technologies LLC.
- PABA Incorporated, manufacturer and
distributor of climate control products, changing its name to Visteon Climate Control
Systems, LTD, providing Visteon with the means to offer parts for radiators, accumulators
and heating parts of practically all automobile brands and models in the US.
- Has increased its interest in Halla Climate
Control in South Korea.
Joint Ventures:
- Ibiquital Digital Corporation, to develop a
functional radio prototype concept by transmission of technology from AM and FM of
ibiquity, which permits incorporation to future radio platforms.
- 3Com’s Palm Computing Inc., to
incorporate palm computers to automobile data transmissions.
- Lernout & Hauspies, to create an ample
solution scope for the automotive industry with speaking capacity.
- Bang & Olufson, to offer exclusive audio
systems.
- Mitsubochi Belt K.K., with the purpose of
developing, manufacturing and selling plastic parts for cabins.
- Sirius Satellite Radio, to transmit its
digital audio service with 100 channels directly from its 3 satellites to audio products
created by Visteon.
- Samsungs Electronics Co., to develop data
transmission equipment at a low price and fully integrated which offer connection in
highways.
- Fujitsu Ltd., with the purpose of improving
development timing of Visteon products, increasing the use and accuracy in advanced
engineering applications supported by computers.
- Microsoft Corp. and Intel Corp., to develop
a computing platform for automobiles with Visteon products as ICES.
- Nintendo of America and Europe Co., to trade
and promote the Entertainment Rear System with Nintendo software.
- De Tomaso Automobiles, for personal
engineering and interior design of Mangusta sports cars.
- Texas Instruments, to incorporate technology
to automotive market through Visteon’s RPID.
- SAP, SDRC; Netscape, Aspect Development and
I2 Technologies, to build a transparent and state-of-the-line information system capable
of integrating commercial operations.
- Allied Signal Power Systems, Inc., to
design, develop and manufacture Allied Signal Turbo Generator, a portable power unit which
will work with Visteon’s electronic power control system and other related controls.
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