Visteon has reported third-quarter net income of US$43m, an increase of US$28m, while sales were US$1.73bn an increase of US$109m compared with the same quarter a year earlier.

Third-quarter adjusted EBITDA was US$160m, increasing from US$134m in the same period last year.

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“We sustained strong performance in the third quarter and continue to benefit from the momentum of our value-creating strategic plan,” said Visteon president and CEO, Tim Leuliette.

“Fuelled by strong technology, we achieved year-over-year improvement in our core climate and electronics businesses.

“We continue to effectively manage fixed costs, including focusing engineering expenses on technology areas that will drive growth in those businesses. I am pleased our share repurchase programme continues to return value to shareholders.”

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