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March 3, 2021
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EARNS-VISTEON
(2007-02-16)
(wgvu) - STRUGGLING AUTO PARTS MAKER VISTEON SAID TODAY IT
LOST $163 MILLION DOLLARS LAST YEAR. THAT'S A 40% IMPROVEMENT OVER THE 270 (M) MILLION IT LOST IN 2005.
FOR THE FOURTH QUARTER, THE FORMER FORD MOTOR COMPANY PARTS
OPERATION LOST $39 MILLION DOLLARS. THAT COMPARES WITH A $1.3 BILLION-DOLLAR PROFIT IN THE SAME PERIOD A YEAR
EARLIER, DUE PARTLY TO THE SALE OF FACTORIES BACK TO FORD.
THE ANNUAL AND QUARTERLY PERFORMANCE BEAT WALL STREET'S
EXPECTATIONS.
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