Visteon strategy
Visteon is targeting Europe for growth as it looks to reduce its dependence on the US market and on Ford, its former owner.
Ford accounts for 80 percent of the supplier's European business, said Heinz Pfannschmidt, recently appointed Visteon president for Europe and Latin America. "We want this to fall to two-thirds by 2005 and hope for a 50-50 split in due course," said the former TRW executive.
Visteon's annual European sales are about E3 billion compared with E15 billion in the USA.
In Europe, Visteon is aiming for growth in cockpits, engine cooling systems, chassis products, telematics and infortainment.
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