Visteon Corporation (NASDAQ:VC) is an original equipment supplier historically focused on developing electronic clusters and cockpits for light passenger vehicles. In June 2015, the company appointed a new CEO from Harman who is transforming the company into a leader in autonomous driving systems and software (ADAS). More recently, accidents involving fully autonomous vehicles have been in the news. This has created a pullback in many of the stocks that supply ADAS to the OEM’s. This may slow adoption over the short term, but we continue to be bullish on their positioning for the future.
From Keeley All Cap Value Fund 1st quarter 2018 shareholder letter.
