Here are 1-3 brief analogies to describe Visteon (VC):

• Visteon is like Qualcomm for a car's digital cockpit and displays, providing the computing power and screens for modern dashboards and infotainment systems.
• Think of Visteon as the company that designs and builds the advanced digital dashboards and infotainment screens you see in new cars, similar to how LG or Samsung provide high-tech displays for consumer electronics, but specifically for vehicles.
• Visteon is like a specialized NVIDIA for a car's digital interior, developing the chips and software platforms that power advanced digital cockpits and driver assistance systems.

• Digital Instrument Clusters: Replace traditional analog gauges with customizable digital displays providing essential driving information.
• Infotainment Systems: Integrate navigation, audio, communication, and connectivity features into a central dashboard display for drivers and passengers.
• Head-Up Displays (HUDs): Project key driving information onto the windshield, keeping it within the driver's line of sight.
• Domain Controllers (SmartCore™): Consolidate multiple cockpit functions, such as instrument clusters and infotainment, onto a single electronic control unit for enhanced integration and performance.
• Display Technologies: Advanced in-vehicle display solutions, including curved displays, OLEDs, and haptic feedback screens for various automotive applications.

Visteon (symbol: VC) primarily sells to other companies, specifically global automotive Original Equipment Manufacturers (OEMs). They are a business-to-business (B2B) supplier of automotive electronics and software solutions.

Major Customers of Visteon:

According to Visteon's 2023 Annual Report (10-K), their major customers include:

• Ford Motor Company (NYSE: F)
• Mercedes-Benz Group AG (XTRA: MBG)
• BMW AG (XTRA: BMW)
• General Motors Company (NYSE: GM)
• Hyundai Motor Company (KRX: 005380)
• Honda Motor Co., Ltd. (NYSE: HMC)
• Volkswagen AG (XTRA: VOW3)
• Renault S.A. (ENX: RNO)
• Stellantis N.V. (NYSE: STLA)
• Nissan Motor Co., Ltd. (TSE: 7201)

Visteon's 2023 10-K states that sales to their top five customers represented approximately 66% of their total sales. Specifically, Ford Motor Company represented 19% of total sales, Mercedes-Benz Group AG represented 16%, and BMW AG represented 14% of Visteon's total sales in 2023.

• Qualcomm (Symbol: QCOM)
• BlackBerry (Symbol: BB)

Sachin Lawande President and CEO

Sachin Lawande was appointed President and CEO of Visteon in June 2015 and is also a member of the company's Board of Directors. Since becoming CEO, he has focused on transforming Visteon into a software-defined technology leader, driving growth and securing significant program awards. Before joining Visteon, Lawande spent 10 years at Harman International Industries (2005-2015) in various senior leadership roles, including President of the Infotainment Division (2013-2015) and Executive Vice President (since 2009). His previous roles at Harman also included President of the Lifestyle Division, EVP and co-president of the Automotive Division, EVP and Chief Technology Officer, and Chief Software Architect. He also held senior positions at QNX Software Systems and 3Com Corporation, and was responsible for developing networking and consumer electronics systems at AT&T Bell Labs, U.S. Robotics, and 3Com. Lawande holds four patents in communications software. He currently serves on the Board of Directors of Cognex Corporation and previously served as an Independent Director for Computer Sciences Corp. (2015-2017) and DXC Technology Co. (2015-2020).

Jerome Rouquet Senior Vice President and Chief Financial Officer

Jerome Rouquet assumed the role of Senior Vice President, Finance, in January 2020 and became Visteon's Chief Financial Officer following the filing of the company's fiscal 2019 financial statements. In this capacity, he oversees Visteon's financial strategy, capital allocation, accounting, treasury, tax, investor relations, financial planning and analysis, audit functions, IT organization, and acquisitions and divestitures. Rouquet has nearly 30 years of financial experience in the automotive and engineering sectors. Prior to Visteon, he served as Senior Vice President, Finance, Motorparts, for Tenneco Inc. from October 2018 to December 2019, a role he took after Tenneco acquired Federal-Mogul. He spent 23 years at Federal-Mogul, where his roles included Senior Vice President and Chief Financial Officer (January 2016 - September 2018), Vice President, Chief Accounting Officer and Controller (July 2010 - January 2016), and Finance Director (1999-2010). He also held various financial leadership roles at Imaje.

Brett Pynnonen Senior Vice President and Chief Legal Officer

Brett Pynnonen leads Visteon's global legal and compliance functions, having joined the company in March 2016. He is responsible for strengthening Visteon's legal framework, intellectual property strategy, navigating complex international regulations, building a robust compliance program, and executing strategic transactions. Before joining Visteon, Pynnonen was the Senior Vice President, General Counsel, and Corporate Secretary at Federal-Mogul Holdings Corporation from November 2007 to March 2016, where he guided the company through significant corporate transactions and international expansion. He also served as General Counsel and Secretary at Covansys, managing legal affairs during a period of rapid growth and the company's subsequent acquisition. His legal career began as a judicial law clerk to Michigan Supreme Court Justice Patricia J. Boyle and included time as an attorney at the law firm Butzel Long.

Kristin Trecker Senior Vice President and Chief People Officer

Kristin Trecker is Visteon's Senior Vice President and Chief People Officer, responsible for leading the company's global human resources strategy. Her focus is on building a high-performance culture within the organization.

Robert Vallance Senior Vice President, Product Lines, China, and APAC Supplier Strategy

Robert (Bob) Vallance is the Senior Vice President for Product Lines, China, and APAC Supplier Strategy at Visteon. He is tasked with driving profitable growth for Visteon's business, overseeing the evolution and expansion of its product lines, leading the growth strategy and value chain in China, and managing the company's supplier strategy across the broader Asia-Pacific market. With over 30 years of experience in the automotive industry, Vallance rejoined Visteon in July 2014, following the acquisition of Johnson Controls' electronics business. At Johnson Controls, he held various senior positions across Asia and the U.S., concluding as Group Vice President and General Manager of the electronics business. Prior to that, he spent 23 years at Ford Motor Co. and Visteon, where he gained extensive experience in product development, program and commercial management, strategy and planning, product marketing, and manufacturing, with international assignments in the U.S., U.K., and China.

The increasing vertical integration by major automotive OEMs into software development, operating systems (e.g., Mercedes-Benz's MB.OS, GM's Ultifi, VW's Cariad), and even proprietary chip design, coupled with the deeper penetration of Big Tech companies (e.g., Google Automotive Services, Apple's next-generation CarPlay) directly into the vehicle's core digital experience, presents a significant emerging threat to Visteon. These trends aim to give OEMs and tech giants greater control over the in-vehicle user interface, software updates, and the underlying computing architecture. This could diminish Visteon's traditional role as a primary developer and integrator of proprietary cockpit electronics, infotainment systems, and domain controllers, potentially relegating them to supplying more commoditized hardware components or performing less strategic software integration, thereby reducing their value capture and strategic importance in the automotive supply chain.

Visteon Corporation (VC) operates in key automotive electronics markets, with its main products and services encompassing digital cockpit solutions, cockpit domain controllers, and telematics. The addressable markets for these offerings are substantial and are projected to grow significantly in the coming years.

Light Vehicle Digital Cockpit

Visteon estimates its global addressable market for the Light Vehicle Digital Cockpit, which includes cockpit domain controllers, digital clusters, infotainment systems, analog-digital clusters, and analog clusters, to be approximately $18 billion in 2022 and an estimated $23 billion in 2026.

Cockpit Domain Controllers

The global market for cockpit domain controllers reached an estimated USD 3.4 billion in 2024 and is projected to grow to approximately USD 13.1 billion by 2033.

Telematics / Connected Car Solutions

The global automotive telematics market size was approximately USD 164.09 billion in 2024 and is expected to grow to USD 533.13 billion by 2029.

Share Repurchases

• Visteon authorized a $300 million share repurchase program in March 2023, set to expire on December 31, 2026.
• During 2024, the company repurchased $63 million of shares under this authorization, leaving $131 million remaining.
• Since the beginning of 2023, Visteon has returned $176 million to shareholders through share repurchases, with plans to resume opportunistic repurchases after a pause in Q2 2025.

Share Issuance

• As of February 9, 2023, Visteon had 28,190,091 shares of common stock outstanding.
• No sales of the company's common stock were made by or on behalf of Visteon during the years ended December 31, 2022, and 2021.
• The number of shares outstanding has shown a slight decrease from 28.2 million in 2022 to 27.3 million as of November 2025, indicating repurchases rather than issuance.

Outbound Investments

• In May 2025, Visteon completed a merger/acquisition deal with Spiegel Institut, a consulting services firm.
• Visteon formed a joint venture with Visteon-Shinry Power Electronics, focusing on electronic components, in March 2024.
• The company made three acquisitions in the 12 months leading up to July 2025, totaling $105 million in investment.

Capital Expenditures

• Visteon's capital expenditures were $81 million in 2022, $125 million in 2023, and $137 million in 2024.
• For the full year 2025, capital expenditures are expected to be around $144 million or approximately $150 million, representing 4% of revenue.
• These capital expenditures include investments in in-sourcing initiatives and are aimed at supporting the company's growth.