Latest news with #Visteon
Yahoo
4 days ago
- Automotive
- Yahoo
Lucid Announces Election of Douglas Grimm to Board of Directors
Automotive Executive Brings Extensive Industry Experience to the Board of Directors NEWARK, Calif., June 5, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced the election of Douglas Grimm to its board of directors effective immediately. Grimm was elected at Lucid's 2025 Annual Meeting of Stockholders and will bring extensive automotive experience to Lucid's Board of Directors after having held executive positions at Chrysler Corporation as well as global automotive supply companies, including Metaldyne, Dana and Visteon. "We are delighted to welcome Douglas Grimm to the Lucid board," said Turqi Alnowaiser, Chairman of the Lucid Board of Directors. "We are confident that his insights will be valuable, given his proven leadership within the automotive and manufacturing sectors." Grimm currently serves as the CEO of V-to-X, LLC, which is focused on advising and investing in the mobility sector. From 2015 to 2017, he served as President and Chief Operating Officer at Metaldyne Performance Group, a $3 billion automotive metals supplier with 60 manufacturing plants in 13 countries and 12,000 employees. Previously, Grimm founded and was Chairman and CEO of Grede Holdings LLC which subsequently merged into MPG. He also served in various leadership roles during different periods at the company between 2001and 2006 where he was responsible for commercial operations, forging and casting operations, global purchasing and quality. At Visteon, Grimm served as Vice President of Global Ford, Materials Management, Powertrain Electronics & Fuel Operations. While at Dana Corporation, Grimm served in several executive positions, including Vice President of Global Strategic Sourcing. He started his career at Chrysler Corporation for ten years prior to transitioning into the automotive supply base. Grimm currently serves as Chairman of the Board of Blue Bird Corporation and Electrical Components International, Inc. (ECI) and also serves on the board of directors of Lumileds and Pangea Corporation. Lucid's board is currently composed of eight members. The company's other board members were re-elected today, including Turqi Alnowaiser, Lisa M. Lambert, Andrew Liveris, Nichelle Maynard-Elliott, Chabi Nouri, Ori Winitzer, and Janet S. Wong. About Lucid Group Lucid (NASDAQ: LCID) is a Silicon Valley-based technology company focused on creating the most advanced EVs in the world. The award-winning Lucid Air and new Lucid Gravity deliver best-in-class performance, sophisticated design, expansive interior space and unrivaled energy efficiency. Lucid assembles both vehicles in its state-of-the-art, vertically integrated factory in Arizona. Through its industry-leading technology and innovations, Lucid is advancing the state-of-the-art of EV technology for the benefit of all. Investor Relations Contact investor@ Media Contact media@ Trademarks This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners. View original content to download multimedia: SOURCE Lucid Group
Time of India
6 days ago
- Automotive
- Time of India
Experience takes centre stage
As vehicles become more software-defined and experience-driven, the automotive industry is undergoing a profound transformation. No longer is performance alone enough—today, it's the user experience (UX) that increasingly defines brand loyalty, market differentiation, and even safety outcomes. Whether it's the tactile feel of a touchscreen, the responsiveness of a voice assistant, or the seamless integration of autonomous features, experience now sits at the heart of this edition of ETAuto Tech Insights, we explore how OEMs, tech suppliers, and startups are rethinking the vehicle not just as a mode of transport, but as a connected, intuitive, and immersive space. From Tesla's upcoming robotaxi debut to Pioneer's new R&D investment in India, and from tariff challenges to the growing strategic value of design, we bring you the key stories shaping the future—where "experience takes centre stage." More Than a Pretty Screen: The High-Stake World of Automotive UX/UI As automotive cabins evolve into digital ecosystems, user experience (UX) and user interface (UI) are no longer just about aesthetics. With safety, functionality, and brand differentiation hinging on intuitive in-car systems, automakers are investing heavily in next-gen HMI design. From tactile responsiveness to voice controls and contextual AI, the race is on to deliver seamless, immersive experiences. Read the full story Tesla Eyes June 12 Launch for Robotaxi Service in Austin Tesla is preparing to debut its highly anticipated robotaxi service in Austin on June 12. This rollout marks a critical milestone in autonomous mobility, as Tesla aims to reshape urban transportation through fully driverless, AI-powered vehicles. The service could redefine not just UX in shared mobility, but also user trust and regulatory engagement. Read the full article Pioneer Unveils R&D Hub in Bengaluru to Drive Automotive Tech Development Japanese electronics giant Pioneer has inaugurated a new R&D centre in Bengaluru aimed at advancing in-car infotainment, connected services, and next-gen mobility solutions. The facility will focus on driver personalization, cloud-linked services, and AI-enhanced experiences, reinforcing India's role as a global innovation hub for automotive tech. Explore the story Visteon CEO: 'Tariff Wars Could Reshape Dynamics Like the Pandemic Did' Visteon's top executive shares how rising geopolitical tensions and tariff changes could trigger structural shifts in the auto tech supply chain, echoing the disruptions seen during COVID-19. The conversation underlines the growing complexity of delivering consistent customer experiences amid global uncertainties. Watch the interview From touchscreens and voice assistants to autonomous services and supply chain shifts, the automotive experience is no longer limited to the drive—it's the interface, the ecosystem, and the expectation. As technology and user-centric design converge, experience is truly taking centre stage in the mobility revolution . We invite you to kindly share your feedback on the newsletter, suggestions on what you would like to see in its future editions. And, don't forget to mark 18th and 19th June on your calendar, and be part of the 6th ETAuto Tech Summit! To register, click on Please share them on
Time of India
02-06-2025
- Automotive
- Time of India
Geopolitics, market opportunities drive Visteon to up investments in India
Highlights$3.87 billion automotive electronics major chooses its Chennai plant for its first-ever production lines for camera, and back light unit manufacturing. India to get 'disproportionately higher' investments than other markets for the next few expected to outgrow China in terms of revenue contribution. Growing geopolitical issues make Visteon focus more on India as a strategic base too. Co. looks to invest in a new manufacturing plant, and also set up a JV New JV in India with a Chinese player to also be a global production hub. In a new era of swifter technology trends and hypercompetitiveness on one hand, and geopolitical issues on the other, global organisations have their task cut out for drawing product and investment strategies for sustainable growth. In such a scenario, India seems to be emerging as a safe bet, with a promising market, and as a hub for global trade. For the same reasons, global automotive electronics major Visteon is upping its bet on India. The $3.87 billion automotive electronics major is executing a vertical integration strategy , with a 'pilot' production facility each for automotive camera, and backlight display unit in Chennai as the first cost the company a little over $ 8 million. Relatively small investment in the 'pilot' project, but big gains expected with the planned scale up of the vertical integration strategy. The vertical integration that will start from India can have a massive impact globally, on our operations and our ability to, number one, be competitive number two, to be in much better control of the whole supply Lawande 'The vertical integration that will start from India can have a massive impact globally, on our operations and our ability to, number one, be competitive number two, to be in much better control of the whole supply chain,' Sachin Lawande, President and CEO, Visteon tells ETAuto . Disproportionate growth expected Visteon, a leading player in the global automotive display business, expects the number for automotive displays in India to 'explode'. The growing trend of automobiles becoming like 'mobile phones on wheels', with bigger, and more screens inside them is a key driver. The Indian automotive infotainment market stood at $595 million in 2024, and is expected to grow to over $1.8 billion by 2033, according to IMARC, an American management consulting firm. Also watch: Tariff wars could reshape some dynamics like the pandemic did: Visteon CEO Currently, 600,000 out of Visteon's total annual supply of 15 million displays worldwide are fitted in India-made cars. India contributes 6-7% of the $3.87 billion global major. Relatively small share for India, but Lawande says India will grow 'disproportionately higher than other parts of the world' for Visteon, and increase its revenue share to 10-15% in the next few years. Around 15%, or $600 million, is what China contributes to Visteon's annual revenue currently. The internal projection is that Visteon's India business will be bigger than its China revenue in the next 3-4 years. What fuels the bullishness are growing demand for larger displays, cockpit domain controllers, cameras. New growth areas ADAS (Advanced Driver Assistance System) solutions is the space that Visteon is preparing to enter next. 'It's a new market. As you know, in India, it's just starting to appear. Regulations are also starting to come in, so we expect that to be a driver for us,' says Lawande. Visteon expects the cockpit domain and the ADAS domain in an automobile to come together. 'So we see an integration opportunity and camera capability is integral to be able to offer a competitive solution,' says Lawande, while adding that the challenge for the teams is to innovate and drive costs down simultaneously. With localisation and innovative approaches, Lawande claims that a new Visteon infotainment unit will be 'at least' 20% cheaper than its peers. What is also expected to be a major driver is the India two-wheeler industry, where Visteon currently has a small presence. With a growing trend of display technology migrating from four-wheelers to two-wheelers, the company, which currently supplies a million two-wheeler instrument clusters annually, sees strong growth potential in the segment. 'There are about 25 million wheelers produced in the markets that we serve, excluding China, and India is a big portion of that. And this 25 million is expected to be 30 million by the end of this decade,' says Lawande. Two wheelers today, which represents about 2-3% of our revenue, has the potential to be about 10%.Sachin Lawande Last year, Visteon bagged over $300 million of business in two wheelers globally. It's expecting a better rate this year. 'Two wheelers today, which represents about 2-3% of our revenue, has the potential to be about 10%,' says Lawande. And, this jump is expected in the next 5-7 years. New plant, JV With the growing focus on India, as a growth market and also as a strategic base, Visteon plans to make 'disproportionately higher' investments than in other geographies. The company generally invests $100 - $150 million annually in operations globally. Key projects planned in India for this year are a joint venture with a Chinese player for display technology, and a second manufacturing plant in India, possibly in the Chakan industrial area of Maharashtra. The combined investment for both projects could be in the range of $50 million. Also read: Visteon set to form JVs in India to tap India, and global opportunities better The growth prospects in India makes Lawande make a bet on Visteon's India business, currently 6-7% of its global revenue, to reach up to 15% in the next 3-4 years. 15%, or around $600 million, is what the American major earns annually from China currently. Visteon is among the players witnessing a slowdown in China, reflecting the market share trend of foreign brands who are also customers.A strategy to offset that is to win business from Chinese OEMs. The China factor also influences Visteon's financial guidance for 2025 to be a little lower, $3.65 - $3.85 billion, than last year. In contrast to its overall financial guidance, the outlook is bullish for India.
Yahoo
19-05-2025
- Automotive
- Yahoo
Visteon Announces Participation in Upcoming Second Quarter 2025 Investor Conferences
VAN BUREN TOWNSHIP, Mich., May 19, 2025 /PRNewswire/ -- Visteon Corporation (NASDAQ: VC) announced today that it is scheduled to participate in the following upcoming investor events in the second quarter of 2025: BNP 3rd Annual Global EV & Mobility Conference, Hong Kong – May 19, 2025 Wells Fargo 2025 Industrials & Materials Conference, Chicago, IL – June 10, 2025 Deutsche Bank Global Auto Industry Conference, New York City, NY – June 12, 2025 Please note that event participation and specific dates are subject to change. For the latest information, please visit the Visteon Investor Relations website. About Visteon Visteon (NASDAQ: VC) is advancing mobility through innovative technology solutions that enable a software-defined future. The Company's state-of-the-art product portfolio merges digital cockpit innovations, advanced displays, AI-enhanced software solutions, and integrated EV architecture solutions. With expertise spanning passenger vehicles, commercial transportation, and two-wheelers, Visteon partners with global OEMs to create safer, cleaner, and more connected journeys. Headquartered in Van Buren Township, Michigan, Visteon operates in 18 countries, employing a global network of innovation centers and manufacturing facilities. In 2024, the Company recorded annual sales of approximately $3.87 billion and secured $6.1 billion in new business. For more information, visit Visteon Investor Relations Contact:Kris Doyleinvestor@ View original content to download multimedia: SOURCE Visteon Corporation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Automotive
- Yahoo
Visteon Announces Participation in Upcoming Second Quarter 2025 Investor Conferences
VAN BUREN TOWNSHIP, Mich., May 19, 2025 /PRNewswire/ -- Visteon Corporation (NASDAQ: VC) announced today that it is scheduled to participate in the following upcoming investor events in the second quarter of 2025: BNP 3rd Annual Global EV & Mobility Conference, Hong Kong – May 19, 2025 Wells Fargo 2025 Industrials & Materials Conference, Chicago, IL – June 10, 2025 Deutsche Bank Global Auto Industry Conference, New York City, NY – June 12, 2025 Please note that event participation and specific dates are subject to change. For the latest information, please visit the Visteon Investor Relations website. About Visteon Visteon (NASDAQ: VC) is advancing mobility through innovative technology solutions that enable a software-defined future. The Company's state-of-the-art product portfolio merges digital cockpit innovations, advanced displays, AI-enhanced software solutions, and integrated EV architecture solutions. With expertise spanning passenger vehicles, commercial transportation, and two-wheelers, Visteon partners with global OEMs to create safer, cleaner, and more connected journeys. Headquartered in Van Buren Township, Michigan, Visteon operates in 18 countries, employing a global network of innovation centers and manufacturing facilities. In 2024, the Company recorded annual sales of approximately $3.87 billion and secured $6.1 billion in new business. For more information, visit Visteon Investor Relations Contact:Kris Doyleinvestor@ View original content to download multimedia: SOURCE Visteon Corporation Sign in to access your portfolio
