Visteon has posted a quarterly loss, partly because of the deconsolidation of a joint venture.

The supplier reported a Q1 2012 net loss of US$29m, or 56 cents a share, compared with a profit of $39m, or 75 cents a share, a year ago, Reuters reported.

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The net loss includes $63m of restructuring and related costs.

Hyundai-Kia accounted for approximately 32% of Visteon’s first-quarter product sales, with Ford taking 26%, Renault-Nissan 10% and PSA Peugeot-Citroen 5%. Asia accounted for 43% of total product sales while Europe represented 36%, North America 16% and South America 5%, Visteon said in a statement.

“To deliver improving returns, we are investing in and winning new business in our climate and electronics businesses,” said chairman and CEO Donald Stebbins.

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