Auto parts maker Visteon Corp revenue rises by 33%

Friday, Nov 07, 2014

Auto parts maker Visteon Corp reported a 33 per cent rise in quarterly revenue, helped by its acquisition of Johnson Controls Inc's electronics business.

Revenue at the company's electronics business, which makes audio systems and displays for vehicles, more than doubled to $760 million in the third quarter ended September 30.

Visteon completed the acquisition of Johnson Controls' automotive electronics business in July.

"We expect record incremental new business wins and rewins of $2.4 billion to $2.8 billion this year," Chief Executive Timothy Leuliette said in a statement.