Visteon(US:VC)2020-06-12 18:53Company Overview - Visteon has $2.9 billion in annual sales and 11,000 employees, positioning itself as a leading supplier of cockpit electronics and advanced safety systems[5] - The company operates in 18 countries with 20 manufacturing locations and 18 technical centers[5] COVID-19 Response - Visteon is implementing short-term measures such as preserving cash and strict cost controls to address near-term headwinds[8] - Mid-term objectives include realigning structural costs, solidifying digital cluster leadership, growing market share in infotainment, and leading the transition to multi-display modules[8] Product Portfolio and Market Trends - The industry is shifting towards digital instrument clusters, with the digital cluster market estimated at ~$8.5 billion in 2019[9] - Visteon holds a 25% market share in all-digital clusters[9] - The infotainment market is approximately ~$18 billion in 2019, with Android OS growing to 40% by 2025[10] - The multi-display market is projected to be ~$5 billion by 2025[11] Investment Thesis - Visteon is a pure-play cockpit electronics company with an innovative product portfolio and competitive cost structure[12] - The company has a strong balance sheet and is focused on emerging stronger post COVID-19[13]