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 ...
Premium Content (PAID Subscription Required)
"UPDATE 1-Visteon posts heavy loss, misses Street view" 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!
Current subscribers, please login or CLICK for support information.