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Quarter losses for 3 suppliers total $333 million.(Suppliers)(Financial report)

Automotive News

| May 07, 2007 | COPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Brent Snavely

Three large U.S. auto suppliers last week posted a combined loss of $333 million during the quarter that ended in March, with a sizable chunk of those losses coming from one-time restructuring charges.

Visteon Corp., the troubled former parts unit of Ford Motor Co., said it lost $153 million on revenue of $2.93 billion during the quarter. That compares with net income of $3 million on revenue of $2.96 billion during the same quarter last year.

The supplier of interior, climate control and electronics parts said it took $91 million in special charges.

During the quarter, Visteon sold its chassis businesses in Europe and …

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Source: HighBeam Research, Quarter losses for 3 suppliers total $333...

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