Welcome to our dedicated page for Visteon news (Ticker: VC), a resource for investors and traders seeking the latest updates and insights on Visteon stock.
Visteon Corporation (NASDAQ: VC) generates a steady flow of news as an automotive technology company focused on digital cockpits, AI-enhanced software, connectivity, and electrification. This news page aggregates press releases and third-party coverage related to Visteon’s business activities, product launches, partnerships, and financial updates, giving readers a single place to review developments affecting VC stock and the company’s role in software-defined mobility.
Recent announcements highlight Visteon’s work on AI and high-performance compute platforms, including a High-Performance Compute solution built on the Snapdragon Cockpit Elite platform and an AI-ADAS Compute Module powered by NVIDIA technology. The company also reports on collaborations such as its partnership with TomTom to deliver a local AI conversational navigation assistant and its work with FUTURUS on next-generation augmented reality head-up display systems.
Investors and industry followers can use this page to track news about Visteon’s digital cockpit programs, advanced display deployments, connectivity and telematics offerings, and electrification platforms. Earnings releases, dividend declarations, and participation in investor conferences are also reflected here, often accompanied by references to webcasts and presentations in the investor relations section.
By reviewing the news items collected on this page, readers can see how Visteon’s technology portfolio is being applied across passenger vehicles, commercial transportation, and two-wheelers, and how the company communicates its progress on AI, software-defined vehicle architectures, and global customer programs. Bookmark this feed to monitor new press releases, product milestones, and financial communications related to Visteon Corporation and the VC ticker.
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Visteon Corporation (NASDAQ: VC) reported strong first quarter results, with sales of $967 million, representing a 22% year-over-year increase. This marks the 16th consecutive quarter of growth exceeding market performance. The company achieved a net income of $34 million and an adjusted EBITDA of $99 million, or 10.2% of sales. Notable wins include $1.5 billion in new business, boosting prospects in electrification and digital cockpit technologies. Visteon launched products in 34 vehicle models, including significant collaborations with General Motors and an Indian OEM. The company ended the quarter with $135 million in net cash and expects full-year sales between $3.95 to $4.15 billion. Cash flow from operations was recorded at ($19 million), while capital expenditures reached $21 million.
Visteon Corporation has appointed Ryan Wentling as Vice President of Investor Relations and Treasurer, effective immediately, succeeding Kris Doyle. Wentling's responsibilities include managing investor relations, treasury, strategic planning, and corporate development. He previously served at Constellium and has equity research experience at Cowen and auditing experience at Deloitte. Kris Doyle will now lead the global finance function as Vice President of Operations Finance and FP&A. Visteon is dedicated to enhancing the mobility industry with innovative solutions and reported approximately $3.76 billion in annual sales with $6 billion of new business in 2022.
Visteon Corporation (Nasdaq: VC) will announce its first quarter 2023 financial results on April 27, before the market opens. The company plans to hold a conference call at 9 a.m. ET to discuss these results, which will also be accessible to the public via a live audio webcast. The U.S./Canada toll-free dial-in number is 1-888-330-2508, while international participants can call 1-240-789-2735 with the passcode 8897485. Following the call, a replay will be available until May 11. Visteon, headquartered in Van Buren Township, Michigan, achieved approximately $3.76 billion in annual sales and secured $6 billion in new business in 2022. The company is focused on enhancing the driving experience through innovative digital, electric, and autonomous solutions.
Visteon Corporation (Nasdaq: VC) announced a $300 million share repurchase program, effective until December 31, 2026. Funding will come from excess cash and future cash flow. CEO Sachin Lawande emphasized this initiative highlights the board's confidence in Visteon’s strategic growth plan, focusing on digital, software-defined, and electric automotive solutions. Repurchases will occur through open market or privately negotiated transactions, dependent on market conditions and other factors. In 2022, Visteon reported $3.76 billion in sales and secured $6 billion in new business.