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Visteon Corporation reports developments in automotive cockpit electronics, software-defined vehicle platforms, and financial performance. The company supplies global original equipment manufacturers with digital instrument clusters, displays, infotainment systems, telematics, SmartCore™ high-performance compute, AI-enhanced software, and integrated EV architecture solutions.
Company news commonly covers quarterly and annual results, new business wins, product launches, shareholder returns, and technology collaborations tied to AI navigation, edge-to-cloud vehicle software, and centralized cockpit computing across passenger vehicles, commercial transportation, and two-wheelers.
Visteon Corporation (Nasdaq: VC) is set to announce its Q3 2021 financial results on October 28, 2021, before 7 a.m. ET. A conference call for investors will follow at 9 a.m. ET, available publicly via a live audio webcast. Participants can join using specific dial-in numbers: U.S./Canada: 844-535-3468; Outside U.S./Canada: 720-405-0988, with Conference ID 9713169. A replay of the call will be accessible through the company's website or via designated phone numbers until November 11, 2021.
Visteon Corporation (NASDAQ: VC) and BlackBerry Limited (NYSE: BB) announced an expansion of their partnership to accelerate digital cockpit solutions for the automotive industry. As part of a multi-year agreement, Visteon will utilize BlackBerry's QNX software to develop advanced infotainment, instrument clusters, and telematics systems for various manufacturers. This collaboration builds on previous successes, including a 2017 project with a Chinese OEM. Visteon's SmartCore™ technology is expected to drive growth as it aligns with the increasing adoption of Android-based systems in vehicles.
Visteon Corporation (NASDAQ: VC) reported Q2 sales of $610 million, a 59% year-over-year increase, outperforming industry production growth of 49%. Despite a net loss of $11 million, adjusted EBITDA rose to $30 million, reflecting improved margins due to higher volume and cost efficiencies. The company secured $3.2 billion in new business, including a $640 million expansion for a digital cluster program. Visteon also added a fourth two-wheeler customer and launched seven new products, maintaining a net cash position of $115 million.
Visteon Corporation (Nasdaq: VC) will release its second-quarter 2021 financial results on July 29, 2021, at 7 a.m. ET. A conference call for investors is scheduled for 9 a.m. ET, allowing public access through a live audio webcast. The dial-in numbers for participation are provided. The call will also be available for replay via the company's website. Visteon is focused on automotive electronics, reporting approximately $2.5 billion in sales and booking $4.6 billion of new business in 2020, showcasing its commitment to innovation in connected and safe driving experiences.
Visteon collaborates with ECARX and Qualcomm Technologies to create an advanced digital automotive experience, debuting in Geely Auto's Xingyue L SUV. This first application of Visteon's SmartCore™ cockpit domain controller integrates Qualcomm's 3rd Generation Snapdragon Automotive Cockpit Platforms for a modern intelligent cockpit. Key features include AI voice assistance and immersive entertainment options. This partnership aims to set a benchmark for connected vehicle experiences, enhancing safety and enjoyment for drivers and passengers.
Visteon Corporation (Nasdaq: VC) will present at Deutsche Bank’s 2021 Global Auto Industry Conference on June 16, 2021. The presentation, featuring CEO Sachin Lawande and CFO Jerome Rouquet, will commence at 9:30 a.m. ET and include a Q&A session lasting approximately 35 minutes. A live audio webcast, along with presentation materials, will be available on Visteon's investor website. Visteon specializes in automotive electronics and reported approximately $2.5 billion in sales for 2020, with $4.6 billion in new business booked.
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Visteon Corporation reported Q1 net sales of $746 million, a 14% year-over-year increase excluding currency effects. The company achieved a net income of $16 million or $0.56 per diluted share. Adjusted EBITDA rose to $64 million, representing 8.6% of sales. Notably, Visteon secured $1.8 billion in new business, including its first microZone™ display technology win. Cash from operations was $11 million with a strong cash position of $486 million against $349 million in debt.
Visteon Corporation (Nasdaq: VC) will announce its first-quarter 2021 financial results on April 29 at 7 a.m. ET, followed by a conference call at 9 a.m. ET. This call is accessible to the public via a live audio webcast. Investors can participate using specific dial-in numbers provided in the announcement. The replay of the call will be available for one week. Visteon focuses on automotive electronics, reporting approximately $2.5 billion in sales and booking $4.6 billion in new business in 2020. The company aims to enhance the driving experience through innovative technology solutions.
Visteon Corporation (NASDAQ: VC) reported Q4 net sales of $787 million, marking a 5% year-over-year increase excluding currency effects. Net income stood at $18 million, or $0.64 per diluted share, with adjusted net income of $30 million or $1.06 per diluted share. The company secured $1.4 billion in new business wins and launched 11 new products. For 2021, Visteon projects sales between $2.875 billion and $3.025 billion, anticipating a 16% increase in sales year-over-year. Adjusted EBITDA is expected to be between $230 million and $270 million.