Business Description

Motors, Honda, Jaguar/Land Rover, Mahindra, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Renault, Stellantis, Tata, Toyota, and Volkswagen. Visteon products and services align with key industry trends and include digital instrument clusters, information displays, infotainment, cockpit domain controllers, CognitoAI TM , battery management systems, high voltage power electronics, and engineering services. Visteon is headquartered in Van Buren Township, Michigan, and has an international network of manufacturing operations, technical centers, and joint venture operations dedicated to the design, development, manufacture, and support of its product offerings and its global customers. The Company's manufacturing and engineering footprint is primarily located in Brazil, Bulgaria, China, India, Japan, Mexico, Portugal, Slovakia, Thailand, and Tunisia. The Company’s Industry The Company operates in the automotive industry which is cyclical and highly sensitive to general economic conditions. The Company believes that future success in the automotive industry is, in part, dependent on alignment with customers to support their efforts to effectively meet the challenges associated with the following trends and developments in the global automotive industry: • Electronic content and connectivity - Digital and portable technologies have dramatically influenced the lifestyle of today’s consumers, who expect products that enable such a lifestyle. The vehicle cockpit is transforming into a fully digital and connected environment with multi-display systems incorporating larger, curved, and more complex displays and the consolidation of discrete electronic control units into a multi-core domain controller. Consumer demand for improved vehicle performance and functionality is driving increased electronic content in vehicles. • Evolving powertrain technologies – Powertrain technologies continue to evolve, with adoption trends varying by region based on regulatory frameworks, infrastructure readiness, and consumer preferences. While battery electric vehicles have gained adoption in certain markets, other powertrain technologies, including hybrid, plug-in hybrid, range-extended electric, and internal combustion engine vehicles with enhanced efficiency, continue to represent a significant portion of global vehicle production. Many of these vehicle architectures incorporate increased electronic content, including digital cockpit electronics and vehicle domain controllers, requiring suppliers to support a broad range of powertrain strategies and regional customer requirements. • Government Regulations - Governments in various regions continue to focus regulatory efforts on domestic production of safer and cleaner transportation, although the pace and scope of such regulations may vary over time and by jurisdiction. These requirements are redefining supply chains through tariff and other regulations while at the same time increasing demand for electronic components that can reduce weight, expedite assembly, enhance fuel economy, improve emissions, increase safety, and enhance vehicle performance. Accordingly, Original Equipment Manufacturers ("OEMs") are adjusting their manufacturing plans while at the same time working to improve occupant and pedestrian safety by incorporating more safety-oriented technology in their vehicles. Additionally, in-vehicle connectivity has increased the need for robust cybersecurity systems to protect data, applications, and associated infrastructure triggering various legislation related to connectivity software and hardware. Security features are evolving with advances in sensors and suppliers must enable the security/safety initiatives of their customers including the development of such new advances. • Advanced driver assistance systems and autonomous driving - The industry continues to advance toward semi-autonomous and autonomous vehicles. The Society of Automotive Engineers has defined five levels of autonomy ranging from levels one and two with driver-assist functions whereby the driver is responsible for monitoring the environment, to level five with full autonomy under all conditions. Levels one and two are already popular in the market. Levels three and above utilize a combination of sensors, radars, cameras and LiDARs, requiring sensor fusion and machine learning technologies, as the system assumes the role of monitoring the environment.…