Dearborn, Mich. (ots-PRNewswire) - Visteon Corporation (NYSE: VC)
today reported that the recently announced Ford production cuts will
have an adverse impact on the company's estimated earnings for the
The company estimated that the third quarter changes in Ford's
truck production will affect its third quarter earnings by
approximately 12 to 14 cents per share. However, Visteon believes
that the company could recover some of the lost revenue later in the
year as Ford evaluates actions to make up for lost production.
Visteon Corporation is a leading full-service supplier that
delivers consumer-driven technology solutions to automotive
manufacturers worldwide and through multiple channels within the
global automotive aftermarket. Visteon has a global delivery system
of more than 130 technical, manufacturing, sales, and service
facilities located in 23 countries. It has 81,000 employees working
in three business segments: Dynamics and Energy Conversion; Comfort,
Communication and Safety; and Glass.
This press release contains forward-looking statements made
pursuant to the Private Securities Litigation Reform Act of 1995.
Words such as "estimated" and "potentially" signify forward-looking
statements. Forward- looking statements are not guarantees of future
results and conditions but rather are subject to various risks and
uncertainties, some of which are and will be identified as "Risk
Factors" in our SEC filings. See "Risk Factors" section of our
prospectus dated June 13, 2000 as filed with the SEC on June 14,
2000. Should any risks and uncertainties develop into actual events,
these developments could have material adverse effects on our
business, financial condition and results of operations.
ots Original Text Service: Visteon Corporation
Contact: Media Inquiries: Liane Smyth, +1 313-755-2916,
, or Investor Inquiries: Kent Niederhofer, +1
, both of Visteon Corporation
Web site: http://www.visteon.com
Original-Content von: Visteon Corporation, übermittelt durch news aktuell