Visteon Corp. reports a solid year of growth in Asia/Pacific and Europe and is racking up significant business with customers other than Ford Motor Co., its former parent. Non-Ford revenue in 2004 topped $5.7 billion, up 36%. Yet despite these few upbeat signs, North America’s No.2 supplier says it lost a staggering $1.48 billion in 2004, mainly because its Ford business failed to meet the supplier’s expectations for the year. Reducing headcount and costs is a bigger priority than ever. ...
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