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.
Hi! We notice you're using an ad blocker. Please consider whitelisting Autoblog.
We get it. Ads can be annoying. But ads are also how we keep the garage doors open and the lights on here at Autoblog - and keep our stories free for you and for everyone. And free is good, right? If you'd be so kind as to whitelist our site, we promise to keep bringing you great content. Thanks for that. And thanks for reading Autoblog.
Here's how to disable adblocking on our site.
- Click on the icon for your Adblocker in your browser. A drop down menu will appear.
- Select the option to run ads for autoblog.com, by clicking either "turn off for this site", "don't run on pages on this domain", "whitelist this site" or similar. The exact text will differ depending on the actual application you have running.
- Refresh the Autoblog page you were viewing. Done!
You still haven't turned off your adblocker or whitelisted our site. It only takes a few seconds.