Investors who were hoping that the recent Visteon restructuring would make the component vendor profitable had their parade rained on yesterday when the company posted a $200M loss for the most recent quarter. That's much improved from the $1.4B loss it posted last quarter before Ford agreed to take back a number of plants and workers, but it certainly casts doubts about the company's ability to make any money in the future. I think what we might have had going on earlier is a bit of smokescreening, with the company laying too much blame on overcapacity and uncompetitive labor costs. Clearly, even with those factors largely removed, there are still fundamental problems keeping the supplier from making money. Since Delphi's restructuring plans seems to focus almost exclusively on similar cost cutting, one wonders if they'll find themselves in the same position.



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