Visteon Corporation (NYSE: VC) has reported that the recently announced Ford production cuts will have an adverse impact on the company’s estimated earnings for the third quarter.
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.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
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.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
