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15-714: In 2022, Visteon had sales of US $ 3.76 billion and approximately 10,000 employees at more than 40 facilities in 18 countries. 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. Visteon's market share, market and revenue have changed substantially since it formed. Today, its revenue comes predominantly from Asia, North America, and Europe. In 2005, Visteon moved to new headquarters in Van Buren Township, Michigan . Initially, Visteon participated in three main divisions: climate, electronics, and interior systems. With

30-463: Is a charter township in Wayne County in the U.S. state of Michigan . A western suburb of Detroit , Van Buren Township is located roughly 28 miles (45.1 km) southwest of downtown Detroit , and 17 miles (27.4 km) southeast of Ann Arbor . As of the 2020 census , the township had a population of 30,375. It surrounds, but is independent of, the city of Belleville . Belleville Lake

45-511: Is a principal geographic feature, and the township is also home to Willow Run Airport , which extends into neighboring Ypsilanti Township . In 1800, settler Henry Snow came and settled on what is now the border with Ypsilanti Township , Washtenaw County which was originally called Snow's Landing . A settlement of the Huron River received a post office on May 7, 1834, with the name of West Huron and postmaster Scott Vining. The township

60-612: Is land and 2.09 square miles (5.4 km ) (5.80%) is water. As of the census of 2000, there were 23,559 people, 9,867 households, and 6,117 families residing in the township. The population density was 694.9 inhabitants per square mile (268.3/km ). There were 10,417 housing units at an average density of 307.3 per square mile (118.6/km ). The racial makeup of the township was 82.64% White , 12.03% African American , 0.54% Native American , 1.87% Asian , 0.04% Pacific Islander , 0.51% from other races , and 2.36% from two or more races. Hispanic or Latino people of any race were 2.25% of

75-411: The average family size was 2.96. In the township the population was spread out, with 23.9% under the age of 18, 11.0% from 18 to 24, 36.2% from 25 to 44, 22.2% from 45 to 64, and 6.6% who were 65 years of age or older. The median age was 32 years. For every 100 females, there were 101.7 males. For every 100 females age 18 and over, there were 99.8 males. The median income for a household in the township

90-640: The company filed voluntary petitions to reorganize Visteon Corporation and certain of its U.S. subsidiaries under Chapter 11 of the U.S. Bankruptcy Code. The case was heard in Delaware on May 29, 2009, by Judge Christopher Sontchi, where Visteon was granted Chapter 11 protection. Visteon completed its reorganization and emerged from Chapter 11 on October 1, 2010. In July 2014, Visteon acquired Johnson Controls electronics division for $ 265 Million. In July 2016, Visteon acquired AllGo Embedded Systems Pvt Ltd. Van Buren Township, Michigan Van Buren Township

105-679: The end of 2008 except for one plant which is to remain an ACH facility until its closure in 2009. On March 31, 2009, Visteon's UK subsidiary was deemed insolvent, and placed into administration . 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. Visteon's profitable UK subsidiary Visteon Engineering Services (VES) remained unaffected by

120-413: The less-profitable Visteon plants and six offices would be transferred to an independent business entity called Automotive Components Holdings LLC. This action, intended to assure the long-term viability of Visteon, involved the transfer of 18,000 hourly workers and 5000 salaried workers to the new entity, reducing Visteon to approximately 52,000 employees worldwide and $ 11 billion in annual sales. Three of

135-463: The plants are in Mexico, the remaining plants and six offices are in the US. 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. By the end of 2007, all ACH operations had been closed, scheduled for closure, merged at least partially, or sold (two back to Ford), with transactions to be completed by

150-408: The population. There were 9,867 households, out of which 29.8% had children under the age of 18 living with them, 45.5% were married couples living together, 11.7% had a female householder with no husband present, and 38.0% were non-families. 29.1% of all households were made up of individuals, and 3.6% had someone living alone who was 65 years of age or older. The average household size was 2.38 and

165-681: The restructuring. As a result, workers occupied the plants in Belfast, Northern Ireland, and Enfield, London, and picketed the plant in Basildon, Essex, to gain better redundancy packages. The Subprime mortgage crisis greatly impacted the auto industry and left Visteon with little demand. During early March 2009, Visteon was delisted from the New York Stock Exchange for trading at extremely low levels. This action came after Visteon shares dropped from 7 to 2 cents. On May 28, 2009,

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180-865: The sale of its equity interest in the Climate operations in mid-year 2015 and completed sale of its interiors business in 2016, Visteon re-focused on the high-growth cockpit electronics business with a focus on software and the connected car. In 2015, Visteon introduced Sachin Lawande as the new president and CEO. Visteon's global headquarters is located in Van Buren Township, Michigan. 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. On September 13, 2005, Visteon and Ford reached an agreement whereby seventeen of

195-460: Was $ 50,984, and the median income for a family was $ 60,561. Males had a median income of $ 44,867 versus $ 30,299 for females. The per capita income for the township was $ 24,820. About 4.4% of families and 6.3% of the population were below the poverty line , including 7.5% of those under age 18 and 6.1% of those age 65 or over. Auto parts maker Visteon is based in Van Buren Township. A factory for electric vehicle lithium iron phosphate batteries

210-670: Was formed by the State in 1835 and was soon renamed for Martin Van Buren , then vice president of the US. The post office name was also changed. On November 14, 1838, the Van Buren post office was moved to Rawsonville and assumed that name. On October 25, 1895, the Rawsonville post office was closed, only to reopen on November 20, 1895, and to close again on February 28, 1902. In 1925, the French Landing Dam and Powerhouse

225-484: Was put in place on the Huron River, placing most of the Rawsonville village under water of the new Belleville Lake . The only visual sign of the historic community is a historical marker at the intersection Rawsonville and Grove Road. According to the United States Census Bureau , the township has a total area of 36.06 square miles (93.39 km ), of which 33.97 square miles (87.98 km )

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