Visteon posts fourth-quarter net loss

Newswire

DEARBORN, Mich., Jan 23 (Reuters) - Auto parts maker Visteon Corp. on Thursday reported a fourth-quarter net loss due to charges for cutting U.S. salaried workers and restructuring in Europe. The company said its net loss totaled $34 million, or 27 cents a share, including $51 million in special charges. Excluding charges, Visteon said it earned $17 million, or 13 cents a share, versus a loss of $14 million in the same quarter a year ago, on strong production by its largest customer, Ford ...

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