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Visteon operating loss improves to $56.56 million in June; sales down
By Caroline Salls
Pittsburgh, Aug. 2 - Visteon Corp. reported a $56.56 million operating loss for June on $46.19 million in net sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, the company posted an $83.36 million operating loss for May on $46.4 million in net sales.
The net loss for June was $181.28 million, widening from an $87.34 million May net loss.
The company had $144.65 million in cash and cash equivalents at June 30, the same as at the end of May.
Visteon, a Van Buren Township, Mich., global automotive supplier, filed for bankruptcy on May 28, 2009. Its Chapter 11 case number is 09-11786.
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