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. ...
Premium Content (PAID Subscription Required)
"Visteon Loses $1.48 Billion; Ready to Restructure" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642