Business
Auto-parts maker Visteon Corp. said it will eliminate about 1,800 jobs worldwide, including 12% of its salaried work force, as vehicle production slows.
April 5, 2001
Auto parts supplier Visteon Corp. plans to close three plants and put six up for sale under a restructuring plan announced Wednesday that could affect as many as 23 of its facilities worldwide.
Jan. 12, 2006
Auto parts supplier Visteon Corp. said it would support its biggest customer and former parent by giving $1,000 to employees who buy vehicles from Ford Motor Co.
Nov. 2, 2004
Autos
It will take over 24 plants from Visteon, which has struggled since being spun off by the automaker in 2000.
May 26, 2005
A group of white-collar employees who say they were fired from Visteon Corp. because of their age have filed a multimillion-dollar lawsuit against the auto parts supplier.
June 1, 2001
Ford Motor Co. reached a final agreement to take back 23 plants and offices to help former parts unit Visteon Corp. cut costs.
Sept. 14, 2005
Visteon Corp., the auto parts maker spun off from Ford Motor Co., said its third-quarter loss narrowed because of reduced expenses and announced plans to cut 900 salaried jobs in the U.S. and Europe.
Nov. 1, 2006
The automaker will record $2.2 billion in pretax charges in all, mostly to assist the parts firm it spun off in 2000.
Dec. 23, 2003
Visteon Corp. said its profit dropped 67% in the fourth quarter to $31 million, or 23 cents a share, because of a production decline at former parent Ford Motor Co. and price cuts.
Jan. 20, 2001
Labor: Details of tentative contract reportedly include 3% raises each year for four years plus signing bonus, following GM pattern.
Oct. 10, 1999