What the changes say
- New risks highlight intellectual-property theft or forced transfer abroad and rising patent claims involving connectivity-enabled products.
- Tax uncertainty now includes the 2025 One Big Beautiful Bill Act, foreign-tax-credit carryforwards, and the OECD’s 15% global minimum tax.
- Climate risk now covers evolving disclosure, energy-use, and supply-chain-transparency requirements, plus reputational and customer-demand effects.
- International trade risk now expressly includes restrictions on particular products or materials, while the free-trade-law discussion was dropped.
What changed since the prior 10-K
New
- New
by or against the Company relating to intellectual property rights could have materially adverse effects on the Company’s business, operating results, financial condition, and cash flow
Foreign intellectual-property theft or forced transfer, connectivity-product patent claims, and competitors’ technological advances could materially harm the business.
- New
In the ordinary course of business, we are subject to examination by tax authorities in multiple jurisdictions, and additional audits may be initiated or existing audits expanded. The outcomes of these examinations are uncertain and could result in increases to our tax liabilities
Tax audits, the 2025 One Big Beautiful Bill Act, foreign-tax-credit changes, and the OECD’s 15% minimum tax could increase taxes and cash obligations.
Dropped
- Dropped
located could result in social, economic, and labor instability. These uncertainties could have a material adverse effect on the continuity of the Company’s business, results of operations, and financial condition
Reworded
- 78% rewritten
The Company’s substantial international operations make it vulnerable to risks associated with doing business in foreign countries
Export and import risk now expressly includes restrictions on certain products or materials, in addition to higher border tariffs.
- 61% rewritten
Advances in A.I. technology may generate developments against which existing intellectual property laws may not adequately protect and which may also give rise to a proliferation of infringement which we may not be able to address effectively
The heading now describes AI-related intellectual-property risks, but the underlying discussion remains focused on connected-vehicle privacy and cybersecurity.
- 49% rewritten
Developments or assertions by or against the Company relating to intellectual property rights could materially impact its business
The risk now adds that failure to secure third-party intellectual-property rights could prevent sales of certain products and covers assertions against the Company.
- 45% rewritten
Climate change, climate change regulations, and greenhouse gas effects could adversely impact the Company’s operations and markets
The discussion broadens to climate disclosures, energy use, and supply-chain transparency, adding reputational harm and reduced demand as consequences.
- 26% rewritten
Price pressures from customers may adversely affect the Company’s business
The discussion of increasing automotive-OEM price pressure, negotiated reductions, and effects on sales and margins is substantively unchanged.
All 13 risk factors
Headings as the filing states them, in filing order.
Other
- 01The Company’s substantial international operations make it vulnerable to risks associated with doing business in foreign countries78% rewritten
- 02The Company’s ability to effectively operate could be hindered if it fails to attract and retain key personnel
- 03Work stoppages and similar events could significantly disrupt the Company’s business
- 04The Company may not realize sales represented by awarded business
- 05Price pressures from customers may adversely affect the Company’s business26% rewritten
- 06Warranty claims, product liability claims, and product recalls could adversely affect the Company
- 07Developments or assertions by or against the Company relating to intellectual property rights could materially impact its business49% rewritten
- 08by or against the Company relating to intellectual property rights could have materially adverse effects on the Company’s business, operating results, financial condition, and cash flowNew
- 09Advances in A.I. technology may generate developments against which existing intellectual property laws may not adequately protect and which may also give rise to a proliferation of infringement which we may not be able to address effectively61% rewritten
- 10In the ordinary course of business, we are subject to examination by tax authorities in multiple jurisdictions, and additional audits may be initiated or existing audits expanded. The outcomes of these examinations are uncertain and could result in increases to our tax liabilitiesNew
- 11The Company may not be able to fully utilize its U.S. net operating losses and other tax attributes
- 12The Company is subject to significant foreign currency risks and foreign exchange exposure
- 13Climate change, climate change regulations, and greenhouse gas effects could adversely impact the Company’s operations and markets45% rewritten
Other Visteon 10-Ks
- FY2024 10-K risk factors12 risks
Visteon faces dominant risks from automotive customer pricing pressure, un-guaranteed awarded business volumes, and foreign operations exposure.
Filed Feb 18, 2025
About this page
The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.