Visteon, car maker Ford’s new parts division, will not only attempt to win more work with other car manufacturers but also compete with Ford’s independent suppliers of original equipment and aftermarket components.
Charles Szuluk, head of Visteon, said it wanted to raise sales to external customers from 5% of turnover ($1.3bn out of a total $16.3bn) to 20% over the next few years – especially with European car makers.
Four British plants and two technology centres come under the Visteon banner – Basildon, Belfast, Enfield, Swansea and Dunton – which employ 4,200 people and have benefited from up to £100m investment over the past year.
Basildon employs 600 people making radiators, hoses, condensers and intercoolers. At Belfast 600 employees produce oil and water pumps, fuel injection assemblies and throttle modulators. Enfield builds instrument clusters, fuel and temperature guages and plastic subassemblies with 960 employees and at Swansea 1,080 staff produce chassis, transmission and engine components.
The two technology centres at Dunton, Essex, employ 850 engineers.
The creation of Visteon Automotive Systems last week is a natural progression from Ford’s Automotive Products Operations formed last November. It has 78,000 employees spread across 74 plants in 19 countries.
Visteon will have seven operating groups – divided into 24 strategic business units – each responsible for profit and cash flow covering interiors, exteriors, power-train, glass, chassis, electronics and climate control.
* General Motors, which spun off its component and systems business as Delphi in 1994, had sales of $26bn last year, of which 32.7% came from outside the US.