Visteon reports 18.1% y/y sales increase in Q1
Delivers a gross margin of 10.4%
Visteon has reported worldwide sales in the first quarter of USD2.02 billion, up 18.1% year on year (y/y) from USD1.71 billion in the same period a year earlier, with a greater loss from discontinued operations (USD23 million) compared with the first quarter of 2014 (USD6 million). The US-based global automotive parts supplier delivered a gross margin of 10.4% in the first quarters of both 2015 and 2014. Net income over the first quarter reached USD50 million, up from USD19 million in the same period last year.
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