DALLAS, May 13, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Visteon Corp. (Pink Sheets:VSTNQ). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/ads/VSTNQ
Visteon Corp. (VSTNQ) is a supplier of climate, interiors and electronics systems, modules and components to automotive original equipment manufacturers (OEMs) worldwide. The Company supplies a range of integrated systems, modules and components to vehicle manufacturers for use in the manufacture of new vehicles. The Company's operations are organized in global product groups, including Climate, Electronics and Interiors. The Climate product group includes facilities that primarily manufacture climate air handling modules, powertrain cooling modules, heat exchangers, compressors, fluid transport and engine induction systems. The Electronics product group includes facilities that primarily manufacture audio systems, infotainment systems, driver information systems, powertrain and feature control modules, climate controls, electronic control modules and lighting. The Interior product group includes facilities that primarily manufacture cockpit modules, instrument panels, door and console modules and interior trim components. In May 2009, VSTNQ and certain of its U.S. subsidiaries filed voluntary petitions for reorganization relief under chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.
Message Board Search for VSTNQ: http://www.boardcentral.com/boards/VSTNQ
In the report, the analyst notes:
"VSTNQ saw its first-quarter profits rise sharply and finished the quarter with cash balances, including restricted cash, of nearly $1.1 billion. The Company attributed its year-over-year financial improvement to increased global vehicle production, combined with its ongoing operational improvements and cost-reduction efforts.
"The Company, which filed for bankruptcy protection in May of 2009 amid severe recession and credit crunch, recently filed a second amended plan of reorganization and disclosure statement with the U.S. Bankruptcy Court for the District of Delaware. The proposed new bankruptcy reorganization plan consists of two mutually exclusive sub-plans ..."
To read the entire report visit: www.microstockprofit.com/ads/VSTNQ
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