Visteon Corporation (VC) is an American global automotive electronics supplier based in Van Buren Township, Michigan.
[5] Visteon has set a corporate goal of expanding business with other companies, and now has a diversified customer base, working with all of the major automakers worldwide.
The company also has additional facilities in Mexico, Brazil, Argentina, Portugal, United Kingdom, Germany, France, Slovakia, Romania, Bulgaria, Hungary, Tunisia, India, China, Thailand, Korea and Japan.
Automotive Components Holdings (ACH), managed by Ford, was referred to as a "temporary entity", as its purpose was to prepare the plants and facilities for sale.
[7] The UK subsidiary had never been profitable, and the insolvency was the result of the US parent company being unwilling to continue to support the British operation.
The administrators, KPMG, immediately moved to close all three Visteon UK factories and made 565 workers redundant.