DALLAS, April 29, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Visteon Corp. (OTCBB:VSTNQ). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/ads/VSTNQ
Visteon Corp. (VSTNQ) is a supplier of automotive systems, modules and components to global vehicle manufacturers (OEMs) and the automotive aftermarket. It operates in four segments: Climate, Electronics, Interiors and Other. The Climate product group includes facilities that primarily manufacture climate air handling modules, powertrain cooling modules, heat exchangers, compressors, fluid transport and engine induction systems. The Electronics product group includes facilities that primarily manufacture audio systems, infotainment systems, driver information systems, powertrain and feature control modules, climate controls, electronic control modules and lighting. In May 2009, the Company announced that Visteon and certain of its U.S. subsidiaries voluntarily filed petitions for relief under Chapter 11 of the U.S. Bankruptcy Code. The petitions were filed in the U.S. Bankruptcy Court for the District of Delaware.
Message Board Search for VSTNQ: http://www.boardcentral.com/boards/VSTNQ
In the report, the analyst notes:
"Net sales decreased $387 million during the three months ended September 30, 2009, when compared to the same period of 2008, consisting of a $338 million decrease in product sales and a $49 million decrease in services revenues. The decrease was attributable to a $202 million decline due to production volumes and customer sourcing actions in Europe, North America and South America, $92 million associated with facility divestitures and closures, $128 million of unfavorable currency primarily related to the Euro and Korean Won and net customer price reductions.
"VSTNQ recently announced that Yanfeng Visteon Automotive Electronics (YFVE), a joint venture between VSTNQ and Yanfeng Visteon, will showcase an innovative cockpit electronics system at the Beijing International Automotive Exhibition (Auto China 2010) from April 23 to May 2."
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