According to informed sources, Visteon, a US auto parts supplier, is considering selling its less profitable automotive lighting components and interiors to focus on the fast-growing Asian market.
Informed sources also revealed that automotive lighting and interior business brought Vodafone $2.7 billion in revenue last year.
Visteon CEO Don Stebbins has hired Goldman Sachs to conduct a wide range of strategic investigations. Visteon’s board members are consulting companies such as JPMorgan Chase and Citigroup to list companies that are interested in buying and meeting relevant conditions.
Visteon’s automotive interior business last year generated revenue of US$2.2 billion and gross profit margin of 6%; automotive lighting systems revenue was US$456 million and gross margin was 2.6%.
Informed sources also revealed that automotive lighting and interior business brought Vodafone $2.7 billion in revenue last year.
Visteon CEO Don Stebbins has hired Goldman Sachs to conduct a wide range of strategic investigations. Visteon’s board members are consulting companies such as JPMorgan Chase and Citigroup to list companies that are interested in buying and meeting relevant conditions.
Visteon’s automotive interior business last year generated revenue of US$2.2 billion and gross profit margin of 6%; automotive lighting systems revenue was US$456 million and gross margin was 2.6%.
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