Visteon posts Q2 net loss of US$11m/sales up 59% - Just Auto
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Visteon posts Q2 net loss of US$11m/sales up 59%

By Simon Warburton 30 Jul 2021

American supplier wins major new Q2 business.

Visteon has posted a second-quarter net loss of US$11m, while net sales rose 59% to US$610m.

The supplier won US$3.2bn in new business during the first half of the year.

This includes a US$640m second-quarter expansion of a previously awarded digital cluster programme, bringing total lifetime value for that programme to US$1.5bn.

The strength of Visteon’s digital product portfolio supports the industry trends of digitalisation and connectivity and has led to our continued market outperformance even in a supply constrained environment,” said Visteon president and CEO, Sachin Lawande.

The continued strength of our new business wins, product launch cadence and focus on sustainable business practices have built the foundation for our company’s continued long-term growth.”

https://www.visteon.com/newsroom/visteon-announces-second-quarter-2021-results/