US: One-off charges put Visteon in Q2 red

Stay connected Subscribe to our RSS feed

Visteon Corporation booked a net loss of $201m, or $1.55 per share, on product sales up 27% to $1.89bn in the second quarter of 2010. The net loss included a $122m charge for post bankruptcy protection interest expenses and a $75m charge for changes to US employee retirement plans. In Q2 2009 the supplier reported a net loss of $112m, (87 cents a share) on sales of $1.48bn. Full story...