Hints and tips:
German carmaker aims to reduce bloated costs after the diesel emissions scandal
...Shares in auto suppliers such as Delphi, Visteon and Lear all rose on Monday following the deal....
...Given that the blueprints are in the Carribean, the noses are purchased in Switzerland and then painted in the Netherlands, plus the marketing for Mr Potato Head is handled mostly by the US corp, how should...
...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...
...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...
...Indeed, some of the bigger cov-lites, such as Visteon, Citadel, and Six Flags saw a relatively high recovery, although we also saw a single-digit recovery in the case of another cov-lite, Aleris....
...The troubled histories of Delphi, the car parts maker spun out from GM in 1999, and Visteon, the auto component supplier spun out of Ford a year later, suggests that investments in tier one suppliers serving...
...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 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...
...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....
...Several other suppliers have filed for Chapter 11 this year, including Visteon, Hayes Lemmerz, Metaldyne, and Mark IV Industries....
...Two other big North American suppliers – Visteon and Metaldyne – filed for bankruptcy protection this week....
...Elsewhere, Visteon, the auto parts supplier, filed for bankruptcy protection for its US business....
...The auto industry provided the highlight of the day with Visteon filing for Chapter 11 bankruptcy protection....
...It saw a sit-in protest this week after a decision by Visteon UK, part of Ford Motors until its spin-out in 2000, to close its factory in Northern Ireland after Visteon, its troubled US parent, placed it...
...Debt exchanges are a common way in the US to restructure debt outside bankruptcy and have been used so far by companies such as Visteon car parts maker and Freescale, a chipmaker, which said the move would...
...Theme-park operator Six Flags, car parts supplier Visteon and GMAC’s mortgage unit, Residential Capital, are among companies that have already exchanged debt this year....
...Magna International, Faurecia, Visteon and Lear were among others that fell, albeit less sharply....
...A lost job at Dana or Visteon is no less of a shame than one at General Motors or Ford, but the lobbying effort raises the question of where Washington’s gravy train should stop....
...Visteon, BorgWarner, Lear and TRW, all Michigan-based, reported losses well above analysts’ estimates....
...Current targets include United Airlines and Delta Air Lines, where Mr Samii is encouraging airline industry consolidation, car parts maker Visteon in the US, which he wants France’s Valeo to buy, and French...
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