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...Visteon’s shares rose 5.1 per cent on Wednesday in New York to $100.56....
...On Monday, South Korea’s National Pension Service rejected an offer made by Visteon, the US car parts maker, for its stake in Halla Climate Control, the car air conditioner maker....
...Delphi and Visteon, once part of GM and Ford Motor, forced the United Auto Workers trade union to accept lower pay for new hires in 2003. Others, such as Harley-Davidson and Köhler, followed suit....
...Visteon, which in October emerged from bankruptcy, last week forecast more M&A activity, adding it could add to its temperature control business....
...Renesas, whose microcontrollers go into larger components produced by “tier one” car suppliers, works with nearly all the industry’s big groups, including Germany’s Bosch and Continental and US-based Delphi, Visteon...
...Mr Olofsson might also look at Valeo, the French car components group, where two managements successively resisted pressure from activists to acquire Visteon, the now bankrupt US car parts company....
...Johnson Controls has warned that it could drop its $1.25bn bid for Visteon’s interiors and electronics business if Visteon’s management presses ahead with a plan to exit from bankruptcy as an independent...
...The Genivi consortium, which includes carmakers BMW and General Motors along with chipmaker Intel and car parts supplier Visteon, is developing a common open-source platform to make it easier, whichever...
...Ford said it met or exceeded its obligations when Visteon became fully independent, covering the transfer of employees to Visteon UK and their pensions into the Visteon fund....
...“We feel that the situation for former Visteon employees is unfortunate, but the responsibility for administering and funding their pensions was Visteon’s,” Ford said....
...The Visteon acquisition would give Johnson Controls both new technology and a much enhanced presence in China, but is opposed by Visteon’s board, which wants to press on with its own plan to exit from bankruptcy...
...The latter include some of the biggest suppliers, such as Delphi, Visteon, Lear and Dana. Many are privately held....
...However, a purpose-built industrial park next door does host pre-assemblers such as Johnson Controls, Decoma and Visteon....
...Visteon also plans to jettison its under-funded pension plan. Many companies have moved operations to low-cost countries....
...The list includes Visteon, Global Alumina and Lionbridge Technologies of the US, Spice of the UK and Altana of Germany, although most of the delisted companies are from the developing world, particularly...
...At Ford’s assembly plant at Camaçari in north-eastern Brazil, instrument panels made by Visteon in one part of the factory are carried on overhead conveyors to be lowered neatly into car bodies passing by...
...Visteon held off bankruptcy a bit longer but Ford already took over 17 of its plants in 2005....
...Visteon said in March that its auditors had questioned its ability to continue as a going concern....
...- Visteon files for bankruptcy protection. - FSA details banks’ stress test rules. - Opec leaves output unchanged....
...Several other suppliers have filed for Chapter 11 this year, including Visteon, Hayes Lemmerz, Metaldyne, and Mark IV Industries....
...Unite claims that Ford promised Visteon’s employees the same employment terms for life at the time, which Ford denies....
...Workers at Visteon, the vehicle parts supplier, and Prisme Packaging, based in Dundee, occupied premises earlier this year, as did staff at Waterford Crystal in Ireland....
...Ford says Visteon UK wrote contracts mirroring its own after the split but that it has no obligation to Visteon workers....
...A second Visteon plant in Belfast was the scene of a public rally on Wednesday as representatives of Unite, the trade union, met the top management of Visteon – which was part of Ford until 2000 – in the...
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