TITLE

Visteon expects profit in 2004

AUTHOR(S)
Armstrong, Julie
PUB. DATE
January 2004
SOURCE
Automotive News;1/12/2004, Vol. 78 Issue 6075, p52
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Thanks in large part to a $1.7 billion bailout by Ford Motor Co. in Visteon Corp. which expects to be profitable for the first time in 2004. Visteon anticipates net income of as much as $130 million this year, compared with a loss of as much as $1.25 billion for 2003. For the fourth quarter of 2003, Visteon expects a loss of as much as $900 million on revenue of $4.4 billion, compared with a loss of $34 million in fourth-quarter 2002 on revenue of $4.5 billion. Visteon will transfer back to Ford some of the 20,000 Ford employees who are on Visteon's payroll.
ACCESSION #
12045171

 

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