UPDATE 1-Visteon posts heavy loss, misses Street view

Newswire

DETROIT, Jan 23 (Reuters) - Auto parts maker Visteon Corp. on Friday reported a fourth-quarter net loss of $863 million due to a restructuring of its deals with its largest customer and former parent, Ford Motor Co. , aimed at making Visteon more competitive. Visteon's fourth-quarter loss excluding charges was much wider than Wall Street had expected, and the company forecast a first-quarter profit that was well below analysts' estimates. Including a charge of $756 million, Visteon lost ...

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