Visteon Corp. said Thursday it will further reduce the number of employees at various sites, in addition to the cuts announced as part of its restructuring plan in January, in response to the COVID-19 pandemic. The new plan is expected to cost between $11 million to $15 million and is expected to be substantially completed in mid-2021. The previously announced plan was expected to cost $18 million to $24 million. The auto parts maker announced a temporary four-month salary reduction program, which includes a 40% reduction in the CEO's salary, the executive committee's salaries will be reduced by 30%, cash compensation for non-employee directors will be lowered by 30% and all other employee salaries will be cut by 20%. Separately, Visteon said it is looking to deliver up to 50,000 face shields and other personal protective equipment to doctors and nurses. The stock, which is still inactive in premarket trading, has dropped 40.6% over the past three months while the Dow Jones Industrial Average has lost 19.1%.

Platform helps supplier move its business forward during challenging business environmentNew infotainment system part of important secular digital cockpit trend in post COVID-19.

VAN BUREN TOWNSHIP, Mich., May 28, 2020 -- Visteon Corporation (Nasdaq: VC) today announced it will host a listen-only call of its annual stockholders meeting in an effort to.

Presentation materials for today's call were posted on the Investors section of Visteon's website this morning. Joining us today are Sachin Lawande, president and chief executive officer; and Jerome Rouquet, senior vice president and chief financial officer. Now I'll turn the call over to Sachin.

Visteon (VC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Q1 2020 Visteon Corp Earnings Call

Shares of Visteon (NASDAQ:VC) were unchanged at $59.19 after the company reported Q1 results.Quarterly Results Earnings per share decreased 113.21% year over year to ($0.07), which may not compare to the estimate of ($0.48).Revenue of $643,000,000 lower by 12.75% from the same period last year, which beat the estimate of $625,490,000.Outlook Earnings guidance hasn't been issued by the company for now.Visteon hasn't issued any revenue guidance for the time being.Conference Call Details Date: Apr 30, 2020View more earnings on VCTime: 01:02 PM ETWebcast URL: https://edge.media-server.com/mmc/p/7etytycfTechnicals 52-week high: $105.99Company's 52-week low was at $38.69Price action over last quarter: down 22.17%Company Profile Visteon Corp is an automotive supplier. It manufactures electronics products for original equipment vehicle manufacturers including Ford, Nissan, Renault, Mazda, BMW, General Motors, and Honda. The company offers information displays, instrument clusters, head-up displays, infotainment systems, telematics solutions and Smartcore.See more from Benzinga * Allegiance Bancshares: Q1 Earnings Insights * Materialise: Q1 Earnings Insights * Recap: Lantheus Holdings Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Visteon Corporation (NASDAQ:VC) shares fell 9.1% to US$76.05 in the week since its latest full-year results. It looks...

Net sales of $643 millionNet loss of $35 million, including $33 million of restructuring chargesAdjusted EBITDA of $33 millionAwarded $800 million in new businessAvailable cash.

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

VAN BUREN TOWNSHIP, Mich., April 16, 2020 -- Visteon Corporation (Nasdaq: VC) plans to release its first-quarter 2020 financial results prior to 7 a.m. ET on Thursday, April.

As the coronavirus continues to impact all financial sectors, investors are looking at how the spread of the virus will affect the automotive industry. Yahoo Finance’s Alexis Christoforous joins On the Move to discuss.

Visteon (VC) delivered earnings and revenue surprises of 36.00% and 5.78%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Visteon Corporation (VC) today outlined various actions it is taking in response to the global coronavirus pandemic. The company has taken decisive actions to manage costs and preserve liquidity, including effective cost management and the previously disclosed drawdown of its revolving credit facility. As of March 31, Visteon had approximately $825 million of cash and roughly $785 million of debt, which includes the $400 million draw down of the revolving credit facility.

Potential Visteon Corporation (NASDAQ:VC) shareholders may wish to note that the President, Sachin Lawande, recently...

Unfortunately for some shareholders, the Visteon (NASDAQ:VC) share price has dived 32% in the last thirty days. The...

Q4 2019 Visteon Corp Earnings Call

Rating Action: Moody's places ratings of 25 US auto and commercial vehicle parts suppliers, and certain logistics providers under review for downgrade. Global Credit Research- 26 Mar 2020. New York, March ...

Visteon (VC) delivered earnings and revenue surprises of -9.55% and -0.19%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

VAN BUREN TOWNSHIP, Mich., March 27, 2020 -- Visteon Corporation (Nasdaq: VC) will conduct its 2020 annual shareholders meeting at 11 a.m. EDT on June 3, 2020, at Grace Lake.