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Visteon Corporation Financial Analysis

HISTORY, Development, and Growth:
The company, formally Ford Automotive Products Operations, began using the Visteon name in 1997. In the same year, Visteon strengthened its presence in the Asia Pacific market by establishing new plants in Thailand and India. It also set up regional headquarters in Yokohama, Japan.
Visteon joined forces with Microsoft and Intel to develop a computing platform for vehicles designed to keep drivers connected to information in 1998. In the same year, the company also strengthened its operations in Europe. The company established a manufacturing facility in the US to strengthen its international engineering and production capabilities in Japan in 1999.
The company was spun-off from the Ford Motor Company and incorporated in the state of Delaware in 2000. Ford distributed the common stock of Visteon to its share holders.
Visteon pursued collaborative relationships with General Motors Corporation, Hyundai Motor Company and Nokia Smart Traffic Products for product development in 2001. In the same year, the company acquired LTD Parts of Sparta, Tennessee, to strengthen its presence in the automotive aftermarket.
The company continued to grow organically during 2002 and 2003.
Visteon created a new entity, Visteon Software Technologies, and set-up technical facilities in China, the Czech Republic and Mexico in 2004. In the same year, the company sold assets of its automotive components assembly operation in Chicago, Illinois. The company also continued to expand its aftermarket operations, establishing new distributor relationships in the Asia Pacific region and Africa during the same year.
Visteon entered into a joint venture with China's third largest automaker, ChangAn, in 2005. The company also announced that it will expand its manufacturing footprint in Eastern Europe by building a factory in Dubinca, Slovak Republic. In the same year, Visteon concluded an agreement with Ford Motor under which Visteon transferred 23 facilities in...