SmartCore cockpit domain controller program for Harley-Davidson’s Street Glide touring line represents Visteon’s first SmartCore two-wheeler business.
05 Aug 2023 | 2781 Views | By Autocar Professional Bureau
Visteon, which announced its second-quarter CY2023 results on August 3, has reported net sales of $983 million representing a year-over-year increase of 18 percent.
The company states that, in Q2 CY2023, its products were launched on 35 vehicle models. Key second quarter launches included a new SmartCore cockpit domain ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
Visteon, which announced its second-quarter CY2023 results on August 3, has reported net sales of $983 million representing a year-over-year increase of 18 percent.
The company states that, in Q2 CY2023, its products were launched on 35 vehicle models. Key second quarter launches included a new SmartCore cockpit domain controller program for Harley- Davidson on its all-new Street Glide touring line, representing Visteon’s first SmartCore two-wheeler program. Visteon has also won an 8-inch digital cluster win for a two-wheeler OEM in Europe, demonstrating its ongoing momentum in the two-wheeler market.
Other business wins included the launch of a 12-inch centre display in China on the electric version of JMC's flagship pick-up truck. The company won a record $4 billion of new business in the first half of the year. Second quarter wins included Visteon’s first EV power electronics win with a European OEM luxury brand, which integrated its recently developed smart battery junction box with Visteon’s battery management system. Additional wins in the quarter include a 20-inch V-shaped multi-display module with a European OEM, a 12.3-inch digital cluster display for the luxury brand of a Japanese customer, and an extension of a high-volume 12.3-inch digital cluster program in North America.
Visteon has reported net sales of $983 million representing a year-over-year increase of 18 percent. The sales growth was driven by higher customer vehicle production and the ongoing ramp of recent product launches, partially offset by lower semiconductor open market purchases and the associated recoveries as supply constraints continued to ease.
Total industry production was up 16% from the prior year, while vehicle production at Visteon’s top customers increased 12% over the same period. According to Visteon, its sales performance represents 15% growth-over-market, the 17th consecutive quarter of market outperformance.
“I am very pleased with Visteon’s performance in the quarter. The team delivered on a high number of product launches and maintained strong operational and commercial discipline. Our digital cockpit and electrification products remain in high demand, with over $4 billion of new business wins in the first half. These wins strengthen the foundation for our future growth,” said Sachin Lawande, President and CEO, Visteon.
Headquartered in Van Buren Township, Michigan, Visteon operates in 17 countries worldwide, recorded approximately $3.76 billion in annual sales and booked $6 billion of new business in 2022.