Visteon, BAE Team Up For In-Vehicle Electronics
VAN BUREN TOWNSHIP -- Auto supplier Visteon Corp. (NYSE: VC) said Thursday it had signed a memorandum of understanding to develop in-vehicle electronics for the automotive market with Farnborough, U.K.-based BAE Systems.
The technology cooperation combines BAE Systems' advanced scientific and engineering know-how with Visteon's wide range of automotive electronics solutions and proven system integration knowledge. Both companies are recognized for their expertise in developing electronic interfaces for end-user information and awareness systems, holding market-leading positions in their respective industries.
"This is an exciting cooperation that will allow both organizations to capitalize on our strong synergies and share technology solutions knowledge," said Bob Swanston, managing director, Visteon Engineering Services. "With in-vehicle electronics advancing at a rapid pace, we believe this joint application of our shared industry experience can bring advanced solutions, more quickly, to benefit our customer base of global vehicle manufacturers."
James Baker, director of BAE Systems Advanced Technology Centre, said, "By collaborating with market-leading organizations such as Visteon, we are able to rapidly develop new technologies and capabilities, driving value in the consumer market and providing innovative solutions to support and protect our armed forces."
Defense supplier BAE was formerly known as British Aerospace, but parts of the company date back to England's Royal Gunpowder Factory, established in 1560. BAE Systems has hundreds of locations around the world, including a plant in the northern Michigan community of Central Lake, and 100,000 employees worldwide. The company delivers a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and support services. More at www.baesystems.com.
Visteon is a leading global automotive supplier that designs, engineers and manufactures innovative climate, electronic, interior and lighting products for vehicle manufacturers. With corporate offices in Van Buren Township, Shanghai, China; and Chelmsford, UK; the company has facilities in 27 countries and employs approximately 27,000 people. Learn more at www.visteon.com.
