Visteon News

Ford Motor Co. is spinning off a former subsidiary's Saline plant business and helping create a joint venture for minority-owned suppliers in Detroit as part of the sale, the automaker said Thursday.

Visteon opened at 48.83 on Thursday. Visteon has a 1-year low of $38.32 and a 1-year high of $71.00. The company has a market cap of $2.508 billion and a price-to-earnings ratio of 31.71. The company last announced its quarterly results on Wednesday, May 2nd.

Visteon, a Van Buren Township-based auto supplier, received a request from European Union regulators last year to supply information related to an investigation into a possible cartel for automotive electrical components, the company said in a regulatory filing Wednesday.

The truck and automobile parts maker reported a $29 million first-quarter loss, or 56 cents a share, compared with a proit of $39 million, or 75 cents, a year earlier.

Good morning. And welcome to the Visteon First Quarter 2012 Earnings Call. All lines have been placed on a listen-only mode to prevent background noise.

Auto parts supplier Visteon Corp posted a quarterly loss, partly because of the deconsolidation of a joint venture.

Information contained on this page is provided by companies via press release distributed through PR Newswire, an independent third-party content provider.