Visteon said 2013 full year net income rose to US$690m, up $590m versus 2012.

Both Q4 and full-year results included gains of $465m from the sale of the 50% share of Yanfeng Visteon Automotive Trim Systems, partially offset by $51m of related taxes.

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Full-year sales were up $582m (8%) to $7.44bn. Full-year adjusted EBITDA, rose 12% to $704m. 

“We delivered a strong finish to a very good year highlighted by several achievements, including integrating our global climate business and selling our Yanfeng Visteon interiors joint venture, while consolidating Yanfeng’s electronics operations into our global electronics business,” said president ande CEO Timothy Leuliette.

Q4 sales rose $135m to $1.96bn.

Adjusted EBITDA fell to $187m from $202m in the same period a year earlier. Net income was $513m.

For 2014, Visteon projects 2014 sales with a mid-point of $7.8bn and adjusted EBITDA with a mid-point of $680m.

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