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4-Traders Homepage  >  Equities  >  Nyse  >  Visteon Corp    VC

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Visteon : Appoints Matthias Schulze as Head of Advanced Driver Assistance System (ADAS) Development

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12/06/2016 | 12:56pm CET

VAN BUREN TOWNSHIP, Mich., Dec. 6, 2016 /PRNewswire/ -- Leading automotive cockpit electronics supplier Visteon Corporation (NYSE:VC) has named Matthias Schulze to lead the company's next-generation advanced driver assistance system (ADAS) development, including a new centralized approach to domain controller and platform development. Based at Visteon's technical center in Karlsruhe, Germany, Schulze will report to Chief Technology Officer Markus Schupfner. Schulze joins Visteon in January 2017.

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Schulze joins Visteon from Daimler AG, where he headed the automaker's Group Research and Advanced Engineering activities in environmental perception, ADAS system development, autonomous driving and vehicular communications.

With more than 20 years of experience in advanced technology development, Schulze is a recognized technologist with strong ties to the global ADAS and intelligent transport (ITS) communities, international consortia and academic institutions, as well as automotive manufacturer and supplier research and development centers.

"Visteon is committed to developing best-in-class solutions for autonomous driving and ADAS and we're pleased to have someone of Matthias Schulze's caliber to lead this initiative," said Visteon President and CEO Sachin Lawande. "Matthias' extensive experience and expertise in ADAS technologies and his position as an industry-recognized leader in this domain will help greatly in Visteon emerging as a leader in autonomous driving solutions."

Schulze is the latest high-caliber technologist to join Visteon's newly established Chief Technology Office (CTO), led by Schupfner. The CTO is responsible for building industry-leading ADAS and autonomous driving solutions based on a unique centralized domain controller approach incorporating artificial intelligence and machine learning for object detection and classification.

"I am delighted to welcome Matthias to Visteon," said Schupfner. "His track record in bringing new technology to market is a powerful addition to the team as we prepare to execute our technology roadmap through ADAS applications toward autonomous driving."

Schulze holds degrees in mechanical engineering from the University of Karlsruhe, Germany, and business economics from the Institut für betriebswirtschaftliche Weiterbildung, Würzburg, Germany.

About Visteon

Visteon is a global company that designs, engineers and manufactures innovative cockpit electronics products and connected car solutions for most of the world's major vehicle manufacturers. Visteon is a leading provider of instrument clusters, head-up displays, information displays, infotainment, audio systems, telematics and SmartCore(TM) cockpit domain controllers. Visteon also supplies embedded multimedia and smartphone connectivity software solutions to the global automotive industry. Headquartered in Van Buren Township, Michigan, Visteon has approximately 10,000 employees at more than 40 facilities in 18 countries. Visteon had sales of $3.25 billion in 2015. Learn more at www.visteon.com.

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/visteon-appoints-matthias-schulze-as-head-of-advanced-driver-assistance-system-adas-development-300372860.html

SOURCE Visteon Corporation

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Financials ($)
Sales 2016 3 118 M
EBIT 2016 241 M
Net income 2016 141 M
Finance 2016 357 M
Yield 2016 -
P/E ratio 2016 20,85
P/E ratio 2017 16,55
EV / Sales 2016 0,76x
EV / Sales 2017 0,76x
Capitalization 2 716 M
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 87,3 $
Spread / Average Target 9,4%
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Managers
NameTitle
Sachin Lawande President, Chief Executive Officer & Director
Francis M. Scricco Non-Executive Chairman
Sunil K. Bilolikar Head-Operations & Procurement
Christian A. Garcia Chief Financial Officer & Executive Vice President
Markus Schupfner Chief Technology Officer
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