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The production of automotive components is one of the fastest growing sectors of the Bulgarian economy in recent years. According to the Bulgarian Investment Agency, 80% of all sensors and over 90% of airbag sensors in European cars are produced in Bulgaria

In the recent years there have been a number of successful smaller local and foreign ventures in the automotive components industry. The country provides a cost-competitive environment, free trade access to Europe, and strong local supplier base, which altogether create a welcoming business environment to foreign investors

Visteon started its history as a spin-off from Ford Motor Company that had just acquired Johnson Controls’s electronics business.