Visteon Corporation (VC)

[The_Free_Nebula]

Yes....It game out of BK and I believe Q holders maintained around 1 share for every 100 I think...In all actuality the company stock is up around 20%+ since it emerged from BK...

[codegreen]

is this used to be VSTNQ back when hit $1 early 2010? Has this been r/s where pps is $77?

[0007 License to flip]

I think its just an end of year spike. A couple stocks I'm watching seem to be doing it.

[Kurt Weiand]

What's going on? Big Climb!! Is this fixing to get on the NYSE and trade with out the .OB. Nothing on other message boards.

[inti23]

hi All, i follow this board as an example for an otc stock way above 1 dollar.. i mean what keeps this from goin nasdaq?
any one care to reply,
thanks!

[Gileon7]

I'm enjoying it also. But where I come from this is way late and way short. The stock trading system is busted. Add that to the complete mess called the bankruptcy courts and we end up where we are today. Joe blow's money is constantly being diverted to the rich and powerful and narely any of them ever pay the piper.

I'll start with some simple questions for everyone as far as correcting the system, Why are mm's allowed to buy and sell shares of stock while manipulating the price? Why in this world of high tech do we need traders on the floor? Why oh why is congress exempt from insider trading laws? Why are officers of a corporation that own virtually none of the company permitted to run the company into bankruptcy and then exit with hundreds of millions of dollars worth of the "new company" while the true owners (stockholders) walk away flat broke?

I could go on and on and on, but obviously it will not help.

[Grauzone]

Follow-Up on Post # 7275!

Hiya IHUB,

I also just posted this on the Yahoo Message Board! Enjoy!

Hiya Guys,

I hope everyone is doing good. Task! How have you been? Thanks and my mother says hi to you I hope that you and your family are doing good. Guys, Here is a follow-up article which is on the main headlines of Yahoo Finance, This is a Great Article and Great News! Let Justice be done! For ALL the Losers that went against the Law and the rules and took the money they should serve hard time in a federal prison! The Visteon BOD and SM should be very scared and fearful! I also just saw Breaking news on FoxNews that the FBI just raided 2 Hedge Fund Offices in Connecticut! I am enjoying every minute of this! Enjoy Everyone and let me know your thoughts on this great news for ordinary people and law-abiding citizens!

http://finance.yahoo.com/tech-ticker/massive-insider-trading-investigation-could-nail-wall-street%27s-biggest-names-535640.html;_ylt=AjHUf0yxSz53P2uE9.VRcGq7YWsA;_ylu=X3oDMTE1aHBrOXM4BHBvcwMzBHNlYwN0b3BTdG9yaWVzBHNsawNpbnNpZGVydHJhZGk-?tickers=C,GS,XLF,FAZ,JPM,BAC,MS&sec=topStories&pos=main&asset=&ccode=

Gregory
Go Visteon "Orphaned or Ordinary" Shareholders!

[Grauzone]

Great Article about Justice being served against Wall Street!

I just posted this thread on yahoo as well and wanted all of my Good IHUB friends to see this as well.

Hiya Guys,

How is Everyone? I hope you are all well in this patient waiting game that we are currently in. This is a very interesting article about news that was released yesterday evening and gives me even more encouragement than I already had about our Visteon Case. Justice is being served and there are watchdogs! This is Great and Excellent News! Enjoy the article and let me know your thoughts. Have a Good One Guys and I hope everyone is well.

http://finance.yahoo.com/news/Report-Feds-conducting-big-apf-4021451687.html?x=0&sec=topStories&pos=main&asset=&ccode=

Gregory
Go Visteon "Orphaned or Ordinary" Shareholders!

[1jk1]

Ford (F) Shares Up 4% in Midday Trade Following Strong Retail Sales Report
11:47 am ET 11/15/2010- StreetInsider
Shares of Ford Motor Company (NYSE: F) are up 67 cents or 4.11 percent to $16.97 in midday market movement on Monday after the Commerce Department reported that retail sales jumped more than expected last month on the strength of auto sales.

Ford's rival General Motors is set to return to the market on Tuesday after its initial public offering.
glta

[1jk1]

11/10/2010 #0038 Amended Notice of Hearing re: Oral Argument; Rescheduled for Monday, December 13, 2010 at 4:00 p.m. taub/shirley! http://www.kccllc.net/content.asp?C=4085 glta

[jay1000]

Visteon Debuts Its Compact Electric Air Conditioning Compressor for Hybrid and Electric Vehicles 11/08 08:30 AM



VAN BUREN TOWNSHIP, Michigan, November 8, 2010 /PRNewswire/ -- VAN BUREN TOWNSHIP, Michigan, November 8, 2010 /PRNewswire/ --
A new lightweight electric compressor from Visteon Corporation (VSTO:$64.98,00$-0.02,00-0.03%) contributes to the "green" profile of the recently launched BMW ActiveHybrid 7, part of the BMW 7 Series. By utilizing its global expertise with compressors and electronics, Visteon (VSTO:$64.98,00$-0.02,00-0.03%) designed an integrated solution that meets the demands of hybrid and electric vehicles while maintaining the performance levels of traditional belt-driven compressors.

(Logo: http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO )
(Logo: http://photos.prnewswire.com/prnh/20001201/DEF008LOGO )

Air conditioning compressors are used to pump refrigerant through the climate system, cooling and dehumidifying the air for vehicle occupants. In conventional vehicles, the compressor is driven by the engine with a belt; therefore it can operate only when the engine is running. An electric compressor in a hybrid vehicle can operate independently, thus enabling the cabin to be cooled when the engine is off.

The electric compressor's compact design fits the traditional belt-driven compressor package space, minimizing vehicle complexity in platforms that also offer hybrid-electric model variants. Visteon's (VSTO:$64.98,00$-0.02,00-0.03%) product includes the compressor, electric motor and inverter in an integrated, compact set of housings. This modular approach allows the same basic packaging dimensions for the electric motor and power electronics to be designed for either 120V DC or 288V DC applications.

"Visteon (VSTO:$64.98,00$-0.02,00-0.03%) strives to provide 'green' products, and this new electric compressor supports the brand profile and environmentally friendly objectives of the BMW ActiveHybrid 7," said Nurdal Kuecuekkaya, Visteon's (VSTO:$64.98,00$-0.02,00-0.03%) climate product group lead for Europe. "This new compressor technology not only fulfills our current customer requirements, but also positions us to support other environmentally friendly climate systems like R134a and R1234yf."

Electric compressors also enhance passenger comfort. The cabin can be pre-conditioned before passengers enter, and can be cooled faster because of the independent operation from the combustion engine rpm. Also, cabin comfort can be maintained when the engine is idling or off.
Visteon Corporation (VSTO:$64.98,00$-0.02,00-0.03%) is a leading global automotive supplier that designs, engineers and manufactures innovative climate, electronic, interior and lighting products for vehicle manufacturers. With corporate offices in Van Buren Township, Mich.

(U.S.); Shanghai, China; and Chelmsford, UK; the company has facilities in 26 countries and employs approximately 26,500 people.


Get more news on:SYMBOLS: VSTONEWS TYPE: SECTORS: Automobiles, Consumer Discretionary, Computers and Peripherals, Information Technology, Electrical Equipment, Industrials

[1jk1]

UPDATE 1-Ford shares hit six-year high on strong Oct sales
5:33 pm ET 11/03/2010- Reuters
(Adds closing share price, background)

DETROIT, Nov 3 (Reuters) - Ford Motor Co <F.N> shares hit their highest level in more than six years on Wednesday, after the company reported stronger-than-expected October sales and showed evidence that it is seizing market share.

So far this year, Ford is No. 2 in market share and sales in the U.S. having overtaken Toyota Motor Corp <7203.T>. General Motors Co is ranked No. 1 in sales and market share in the U.S. market. [GM.UL]. <ReutersLink ID='ID:nN0398672' />

Ford's stock shot to a six-year high in the minute after the automaker released better-than-expected October sales.

Shares of Ford rose as high as $15.20 on Wednesday. The last time shares traded at that level was July 2004.

So far this year, Ford shares are up about 52 percent, while the S&P 500 <.SPX> is up 7.4 percent. American depositary receipts of Toyota <TM.N> are down 16 percent so far in 2010.

Ford stock closed at $15.18 on Wednesday, up about 5.2 percent on the New York Stock Exchange, while the S&P 500 was about 0.4 percent lower.

In March 2009, Ford shares traded below $2. (Reporting by Bernie Woodall and Deepa Seetharaman; Editing by Derek Caney and Carol Bishopric)
glta

[Grauzone]

District Court Appeals Link Updated Finally!

I also posted this on the Yahoo Board but this is important and essential information and an update on the Appeal which is ongoing with Mark Taub and Andrew Shirley. Have a Good One IHUB!

Hiya Guys,

I just noticed that the appeals court page has been updated on the Kurtzman page here is the Link. They are now up to court doc # 37 they had previously displayed it up to court doc # 31 maybe one of the guys that look at PACER can tell us if they are up to date on the court docs or are they still behind? Thanks Guys and Have a Good One Everyone, catch up on the court docs!

http://www.kccllc.net/Docket/SearchResults.asp?T=2584

Gregory
Go Visteon "Orphaned or Ordinary" Shareholders!

[Grauzone]

Interesting Articles Related and Affecting Visteon Business!

I posted this on the Yahoo Board as well but wanted to post it hear for My Serious IHUB Visteon Investors!:

Hiya Guys,

I hope everyone is doing good. Here are a few good articles which will affect business for Visteon as well By the way I will also put links for Hyundai-Kia and Ford which have both hit 1-year highs today!!! Keep in mind that both Ford and Hyundai-Kia represented 55% of the business auto numbers for Visteon in the last quarter! Enjoy and Yes, The Auto Industry is steamrolling back Baby!

http://www.reuters.com/article/idCNN0313848920101103?rpc=44

http://www.bloomberg.com/news/2010-11-03/hyundai-honda-lead-asian-automakers-u-s-sales-gains-as-buyers-return.html?cmpid=yhoo

http://finance.yahoo.com/q?s=f

http://finance.yahoo.com/q;_ylt=Ahjj10QKDwtodDrZDavuZqm7YWsA;_ylu=X3oDMTE0NWxzZ2U4BHBvcwM0NgRzZWMDcmVjZW50cXVvdGVzBHNsawMwMDUzODBrcw--?s=005380.KS

http://finance.yahoo.com/q?s=000270.KS

Have a Good One Guys!

Gregory
Go Visteon "Orphaned or Ordinary" Shareholders!

[1jk1]

Hyundai 3Q profit jumps 38 percent to $1.2 billion
Hyundai Motor's 3Q profit jumps 38 percent to $1.2 billion as car sales rise in China, India
http://biz.yahoo.com/ap/101028/as_skorea_earns_hyundai_motor.html

ShareretweetEmailPrintTopics:InternationalEarnings
A customer looks at Hyundai Motor Co.'s Avante at a showroom in Seoul, South Korea. Thursday, Oct. 28, 2010. Hyundai Motor's net profit rose 38 percent in the third quarter on higher sales as the automaker overcame a strengthening South Korean currency with increased exports to emerging markets.(AP Photo/Ahn Young-joon)
Kelly Olsen, AP Business Writer, On Thursday October 28, 2010, 8:19 am
SEOUL, South Korea (AP) -- Hyundai Motor's net profit jumped 38 percent in the third quarter as growth in emerging markets like China and India helped the automaker overcome a strengthening South Korean currency.

Hyundai Motor Co. earned 1.35 trillion won ($1.2 billion) in the three months ended Sept. 30, it said in a regulatory filing Thursday. The company earned 979.15 billion won a year earlier.

South Korea's largest automaker said quarterly sales rose 9 percent to 8.85 trillion won from 8.1 trillion won.

The net profit fell just short of Hyundai's record high of 1.39 trillion won in the second quarter. That result had beaten the previous high in the first three months of the year.

The automaker has enjoyed a strong 2010 on solid performance in emerging markets, particularly China and India where it produces vehicles.

Hyundai Motor, which with affiliate Kia Motors Corp. forms the world's fifth-largest automotive group, has expanded aggressively overseas and has factories in China, India, Turkey, the United States, the Czech Republic and Russia.

The automaker opened the Russian plant last month outside St. Petersburg at a ceremony attended by Prime Minister Vladimir Putin.

Hyundai sold 904,445 vehicles worldwide during the third quarter, an increase of 10.6 percent from a year earlier.

Global market share rose to 5.5 percent in the third quarter from 5.1 percent in the second, according to Hyundai spokeswoman Song Meeyoung.

Net profit for the first nine months of the year nearly doubled to 3.87 trillion won, Hyundai said in presentation materials for investors.

Sales volume and revenue increased from its operations in India, China, the United States, the Czech Republic and Turkey during the first nine months of the year, Hyundai said.

The automaker provided results for its overseas factories based on cumulative totals for the entire year.

Hyundai said a strengthening South Korean currency was a negative factor for its earnings in the third quarter, citing a 10.2 percent decline in the dollar against the won and a 15.1 percent weakening of the euro.

Exports to emerging markets in the Middle East, Latin America and countries in the Asia-Pacific region increased, said spokeswoman Song.

Shares in Hyundai Motor fell 1.2 percent to close at 169,000 won Thursday. The company's share price tripled in 2009.

(This version CORRECTS Adds more precise figure for previous year's net profit in second paragraph. Corrects location of Russian plant. Adds market share.)

glta BTW HYUNDAI/KIA business does 30% with visteon.

[Grauzone]

Hiya IHUB,

How is Everyone? Here is a Great Thread that I wanted to Copy and Post here for all to read. This was Kindly and Generously posted by "LedBeam" on the yahoo Board. It's an update on the ongoing appeal by Mark Taub and Andrew Shirley which represent "Orphaned and Ordinary" Shareholders as well! Enjoy!


Letter sent to court today by Neiger:

The Appellants have filed their Notice of Completion of Briefing and Request for Oral Argument on October 20, 2010. The Appellants respectfully write to inform this Court that recent events further underscore the need for oral argument in this case.
On October 22, 2010, Visteon1 filed a Form S-1 Registration Statement with the United States Securities and Exchange Commission (the “Registration Statement”) to allow its prepetition bondholders to sell for up to $62.50 per share approximately 46 million of the shares they purchased under the Plan for $27.69 per share. A copy of the Registration Statement is attached hereto as Exhibit A. The proposed stock offering comes a mere three weeks after the Plan, which indicated that the Debtors had an equity value of approximately $1.4 billion and an enterprise value of approximately $2 billion, went effective.2 The stock offering demonstrates that, contrary to the Debtors’ assertion in their Plan, the true value of the Debtors is close to $4.6 billion3 - enough to pay all $3.1 billion of claims in full and leave approximately $1.5 billion in residual value for shareholders. In light of the Effective Date share price of $60 per share and the Registration Statement allowing the bondholders to sell approximately 46 million shares at a maximum price of $62.50 per share, the Debtors were clearly solvent while in bankruptcy (unless the Debtors’ value somehow doubled during the last three weeks).4
This is pertinent to the issues on appeal because if not for the deal that the Debtors struck with the AHEC in violation of Bankruptcy Code sections 1123(a)(4) and 1129, the Debtors could not have proposed a consensual Plan because they would have lacked the requisite two-thirds consent of Class J under section 1126(d) of the Bankruptcy Code. Without the consent of Class J, the Debtors would have been charged with the nearly impossible task of justifying the Plan’s valuation and resulting offensive treatment of the Ordinary Shareholders.
Moreover, the terms of the Registration Statement will allow bondholders to reap more than $1.5 billion in profit on the bondholders’ $1.25 billion rights offering investment - more than a 115% return in only three weeks. This windfall profit is the direct result of the disparate and superior treatment that was provided to the AHEC at the expense of the Ordinary Shareholders in violation of Bankruptcy Code sections 1123(a)(4) and 1129, because, as set forth above, the Plan could not have been confirmed as is if the AHEC did not promise to vote for the Plan (in exchange for their preferential treatment). This strikes at the heart of the Debtors’ argument that the Backstoppers would withdraw their commitment, and therefore lose their windfall profits, if the Ordinary Shareholders were made whole.
To address these serious issues and ever-evolving developments, the Appellants again respectfully request that this Court grant the Appellants’ request for oral argument.
Very truly yours,
Edward E. Neiger

P.S. For those who might not know Edward E. Neiger is one of the Lawyers for Mark Taub and Andrew Shirley

Have a Great One Guys!

Gregory
Go Visteon "Orphaned or Ordinary" Shareholders!

[curcolyo]

So what happen to the old commons here?
I used to follow it till the hedge funds drove the pps to over 2 bucks and i just stop following it.

[1jk1]

vstow> 22.00 +3.25 (17.33%) 22,695 vol. glta

[mr10001]

Thanks, Very interesting Analysis

But after having worked there, I have a problem trusting the management team.

[1jk1]

25,000 shares bought $64.5 =$1,612,500.Another 52 week high today @ $66.glta

[1jk1]

mr1,maybe this can help clear up your question!Please read carefully.http://www.gurufocus.com/news.php?id=107981 tia glta

[U2StpM]

Zecco's Problem

The clearing agent, Pension, hasn't adjusted their computers, according to Zecco. In my account I can get a current quote by clicking on the symbol, VSTOW, just like any other item in the account. Try calling Zecco and complaining. If enough of us do it they may fix it.

[mr10001]

I bet your broker did not do the 1 for 85 reverse.

[jay1000]

What is this about ?

October 25, 2010
Visteon holders could sell up to $2.94B in stock
By Associated Press ,

VAN BUREN TOWNSHIP, Mich. (AP) — Auto supplier Visteon Corp. took steps Friday that will allow some of its current shareholders to sell as much as $2.94 billion in stock.

The company, which emerged from Chapter 11 bankruptcy protection earlier this month, filed a registration statement with the Securities and Exchange Commission that would allow the shareholders to sell nearly 47 million shares of common stock without restrictions. The company pegged the value of each share at a maximum price of $62.50 apiece. Visteon shares currently trade on the Over–the–Counter Bulletin Board, an electronic quotation service. The shares closed Friday at $60.75.

Visteon said it will not receive any proceeds from any potential share sales and that it does not expect to pay out dividends on its common stock for the foreseeable future.

Registering the shares with the SEC will allow existing shareholders to trade the shares more freely, said Visteon spokesman Jim Fisher. Currently there are restrictions on them, he said.

The Van Buren Township, Michigan–based company exited Chapter 11 with $2 billion in debt wiped from its balance sheet after more than a year in bankruptcy court.

The company is a former parts unit of Ford Motor Co. that was spun off in 2000. Ford is still its largest customer.

[jay1000]

Visteon Announces Third Quarter 2010 Results
10/26 04:50 PM


VAN BUREN TOWNSHIP, Mich., Oct. 26, 2010 /PRNewswire-FirstCall/ --

Product sales of $1.7 billion, up $26 million from third quarter 2009
Net loss of $140 million, includes costs related to certain post-retirement employee benefits and reorganization expenses of $169 million
Adjusted EBITDA of $149 million, up 16 percent from third quarter 2009
Cash from operations of $50 million
Cash balances of approximately $1.1 billion


On Oct. 1, Visteon (VSTO:$65.00,00$2.60,004.17%) completed all conditions to the effectiveness of its Plan of Reorganization and emerged from Chapter 11 with a significantly deleveraged capital structure

Visteon Corporation (VSTO:$65.00,00$2.60,004.17%) today announced its third quarter 2010 results, reporting a net loss of $140 million, or $1.08 per share, on product sales of $1.7 billion. These results included a net charge of $115 million for obligations related to certain U.S. other post-retirement employee benefit (OPEB) plans and $54 million in reorganization expenses. For the third quarter of 2009, Visteon (VSTO:$65.00,00$2.60,004.17%) reported a net loss of $38 million, or 29 cents per share, on product sales of $1.68 billion; the net loss included $23 million in reorganization expenses. Adjusted EBITDA, as defined below, was $149 million for the third quarter of 2010, or 8.8 percent of product sales, an improvement of $20 million compared with the third quarter of 2009.

(Logo: http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO )
(Logo: http://photos.prnewswire.com/prnh/20001201/DEF008LOGO )
Hyundai-Kia accounted for approximately 30 percent of Visteon’s third-quarter product sales, with Ford Motor Co. generating 25 percent, Renault-Nissan 8 percent and PSA Peugeot-Citroen 6 percent. On a regional basis, Asia accounted for 42 percent of Visteon’s total product sales − up from 36 percent a year earlier − with Europe representing 34 percent, North America 17 percent and South America 7 percent.

“Our record percentage of sales to customers in Asia demonstrates Visteon’s global breadth and the strength of our global product lines,” said Donald J. Stebbins, chairman, chief executive officer and president. “As a result of our restructuring actions and continued focus on cost control, our adjusted EBITDA was up 16 percent on essentially flat sales.”

Third Quarter 2010 Results
For the third quarter, total sales were approximately $1.73 billion, including product sales of more than $1.70 billion and services revenue of $28 million. Product sales in the third quarter increased by $26 million year-over-year, or approximately 2 percent, reflecting slightly higher production volumes tempered by currency movements and the impact of previously completed plant divestitures and closures. On Sept. 1, Visteon (VSTO:$65.00,00$2.60,004.17%) also concluded its leasing agreements with, and transferred about 2,100 employees to, Automotive Components Holdings, LLC, ending services provided under these arrangements.

Gross margin for the third quarter of $40 million, compared with $120 million a year earlier, included a $111 million charge related to obligations under certain OPEB plans. On a year-over-year basis, unfavorable currency movements and the impact of plant closures and divestitures of about $37 million were more than offset by increased production volumes and continued manufacturing and net cost efficiencies. Â

Selling, general and administrative expense for the third quarter of $91 million included $4 million of charges related to OPEB plans. Adjusting for the impact of these charges, selling, general and administrative expense was lower by $8 million compared with 2009, reflecting the company’s ongoing efforts to maintain a globally competitive cost structure.

Reorganization expenses of $54 million in the third quarter consisted of professional fees and other costs. Compared with the same period in 2009, these expenses were higher by $31 million, reflecting the significant increase in activities associated with the company’s plan of reorganization and emergence.

Interest expense, net for the third quarter, totaled $31 million compared with $6 million in the same period in 2009. This increase is principally attributable to interest expense associated with the company’s $1.5 billion seven-year secured term loan; such amounts were not provided for in the same period a year earlier. Commensurate with the company’s emergence from Chapter 11 on Oct. 1, 2010, $1.66 billion in outstanding principle and interest payable under this secured lending was paid in full.

For the third quarter, the company reported a net loss of $140 million, or $1.08 per share. This compared with a net loss of $38 million, or 29 cents per share, in the same period a year ago.

First Nine Months of 2010
For the first nine months of 2010, total sales of $5.58 billion were higher by $921 million, or 20 percent, compared with the same period a year earlier. For the first nine months, Visteon (VSTO:$65.00,00$2.60,004.17%) reported a net loss of $108 million, or 83 cents per share, compared with a net loss of $148 million, or $1.14 per share, during the first nine months of 2009. Adjusted EBITDA for the first nine months of 2010 was $476 million, or 8.8 percent of product sales, compared with $224 million, or 5 percent of product sales, in the first nine months of 2009.

The company experienced higher sales in each of the major regions in which it operates, reflecting increased production volumes by all customers as vehicle sales rebounded in response to stronger global economic conditions. For the first nine months, Visteon (VSTO:$65.00,00$2.60,004.17%) won approximately $633 million of future business, with 42 percent generated in Asia and 39 percent in Europe.
“Our diversified customer base and strong global manufacturing and engineering capabilities, combined with our now significantly improved capital structure, position Visteon (VSTO:$65.00,00$2.60,004.17%) extremely well for growth and success in key global markets,” Stebbins said.

Cash Flow and Liquidity
For the third quarter of 2010, Visteon (VSTO:$65.00,00$2.60,004.17%) generated $50 million in cash from operating activities, compared with $84 million for the third quarter of 2009. Cash from operating activities was lower in the quarter compared with the same period a year earlier, principally due to increased reorganization cash payments.
Capital expenditures in the third quarter were $51 million, compared with $29 million in the same period a year earlier. Free cash flow, as defined below, was a use of $1 million in the third quarter, compared with positive $55 million in the third quarter of 2009. In the third quarter of 2010, the company also paid in full $75 million of borrowings under its DIP credit agreement.

As of Sept. 30, 2010, Visteon (VSTO:$65.00,00$2.60,004.17%) had global cash balances, including restricted cash, of $1.1 billion, nearly $300 million higher than on Sept. 30, 2009.
Emergence from Chapter 11
On Oct. 1, 2010, Visteon (VSTO:$65.00,00$2.60,004.17%) emerged from Chapter 11 after completing all conditions required for its plan of reorganization to become effective. The financial results for the period ended Sept. 30, 2010, do not include the effect of any changes in Visteon’s capital structure nor changes in the fair value of assets and liabilities as a result of the adoption of fresh start accounting relating to Visteon’s emergence from Chapter 11 on Oct. 1, 2010. These adjustments will be effective Oct. 1, 2010, and reflected in the company’s financial results for the three months from Oct. 1 through Dec. 31, 2010, and thereafter.
In connection with the company’s emergence, proceeds from the rights offering and the direct purchase commitment of $1.25 billion, funding of a new seven-year $500 million exit financing term loan and cash on hand were used to settle outstanding borrowings and accrued interest under the existing secured term loan of $1.66 billion, borrowings and outstanding letters of credit under its U.S. asset-based lending facility of $128 million, and other claims and fees of about $119 million.
Additionally, on Oct. 1, the company entered into a $200 million secured revolving credit facility that remains undrawn.
Following these transactions, on Oct. 1, 2010, Visteon (VSTO:$65.00,00$2.60,004.17%) had global cash balances of $956 million (including $68 million of cash held in escrow for payment of reorganization expenses) and outstanding debt of $618 million.
Visteon (VSTO:$65.00,00$2.60,004.17%) is a leading global automotive supplier that designs, engineers and manufactures innovative climate, electronic, interior and lighting products for vehicle manufacturers. With corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Chelmsford, UK; the company has facilities in 26 countries and employs approximately 26,500 people. Learn more at www.visteon.com.
Forward-looking Information
This press release contains “forward-looking statements“ within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various factors, risks and uncertainties that could cause our actual results to differ materially from those expressed in these forward-looking statements, including, but not limited to,
our ability to satisfy future capital and liquidity requirements; including our ability to access the credit and capital markets at the times and in the amounts needed and on terms acceptable to us; our ability to comply with financial and other covenants in our credit agreements; and the continuation of acceptable supplier payment terms;
our ability to satisfy pension and other post-employment benefit obligations;
our ability to access funds generated by foreign subsidiaries and joint ventures on a timely and cost effective basis;
conditions within the automotive industry, including (i) the automotive vehicle production volumes and schedules of our customers, and in particular Ford's and Hyundai-Kia’s vehicle production volumes, (ii) the financial condition of our customers or suppliers and the effects of any restructuring or reorganization plans that may be undertaken by our customers or suppliers or work stoppages at our customers or suppliers, and (iii) possible disruptions in the supply of commodities to us or our customers due to financial distress or work stoppages;
new business wins and re-wins do not represent firm orders or firm commitments from customers, but are based on various assumptions, including the timing and duration of product launches, vehicle productions levels, customer price reductions and currency exchange rates;
general economic conditions, including changes in interest rates, currency exchange rates and fuel prices; the timing and expenses related to internal restructurings, employee reductions, acquisitions or dispositions and the effect of pension and other post-employment benefit obligations;
increases in raw material and energy costs and our ability to offset or recover these costs, increases in our warranty, product liability and recall costs or the outcome of legal or regulatory proceedings to which we are or may become a party; and
those factors identified in our filings with the SEC (including our Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2009).


Caution should be taken not to place undue reliance on our forward-looking statements, which represent our view only as of the date of this release, and which we assume no obligation to update. The financial results presented herein are preliminary and unaudited; final financial results will be included in the company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2010.
Use of Non-GAAP Financial Information
This press release contains information about Visteon (VSTO:$65.00,00$2.60,004.17%) 's financial results which is not presented in accordance with accounting principles generally accepted in the United States ("GAAP"). Such non-GAAP financial measures are reconciled to their closest GAAP financial measures at the end of this press release.
VISTEON CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in Millions, Except Per Share Data)
(Unaudited)







Three Months EndedNine Months Ended

September 30September 30

2010200920102009
Net sales




Products$ Â 1,702$ Â 1,676$ Â 5,437$ Â 4,453
Services2861142205

1,7301,7375,5794,658
Cost of sales Â




Products1,6631,5574,8774,211
Services2760140202

1,6901,6175,0174,413
Gross margin40120562245
Selling, general and administrative expenses9195292300
Reorganization expenses542312330
Restructuring expenses3272072
Reimbursement from Escrow Account---62
Deconsolidation gain---95
Asset impairment and loss on divestitures--25-






Operating (loss) income (108)(25)102-
Interest expense, net 316160102
Equity in net income of non-consolidated affiliates352610052






(Loss) income before income taxes(104)(5)42(50)
Provision for income taxes19189463






Net loss(123)(23)(52)(113)
Net income attributable to noncontrolling interests17155635
Net loss attributable to Visteon$ Â (140)$ Â (38)$ Â (108)$ Â (148)
Per share data:




Net loss per share attributable to Visteon$ Â (1.08)$ Â (0.29)$ Â (0.83)$ Â (1.14)






Average shares outstanding (millions)




Basic129.4129.4129.4129.4
Diluted129.4129.4129.4129.4




VISTEON CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Dollars in Millions)
(Unaudited)





September 30December 31

20102009




ASSETS






Cash and equivalents$ Â 918$ Â 962
Restricted cash195133
Accounts receivable, net1,0861,055
Inventories, net395319
Other current assets283236
Total current assets2,8772,705




Property and equipment, net1,8121,936
Equity in net assets of non-consolidated affiliates378294
Other non-current assets8084
Total assets$ Â 5,147$ Â 5,019








LIABILITIES AND SHAREHOLDERS' DEFICIT






Short-term debt, including current portion of long-term debt$ Â 128$ Â 225
Accounts payable1,043977
Accrued employee liabilities196161
Other current liabilities326302
Total current liabilities1,6931,665




Long-term debt126
Employee benefits632568
Deferred income taxes 175159
Other non-current liabilities251257
Liabilities subject to compromise3,1212,819








Shareholders' deficit:


Preferred stock (par value $1.00, 50 million shares authorized, none outstanding)--
Common stock (par value $1.00, 500 million shares authorized, 131 million shares


issued, 130 million shares outstanding) 131131
Stock warrants127127
Additional paid-in capital3,4083,408
Accumulated deficit(4,684)(4,576)
Accumulated other comprehensive (loss) income (74)142
Other(4)(4)
Total Visteon Corporation shareholders' deficit(1,096)(772)
Noncontrolling interests359317
Total shareholders' deficit(737)(455)
Total liabilities and shareholders' deficit$ Â 5,147$ Â 5,019








VISTEON CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Dollars in Millions)
(Unaudited)







Three Months EndedNine Months Ended

September 30September 30

2010200920102009






Operating Activities




Net loss$ Â (123)$ Â (23)$ Â (52)$ Â (113)
Adjustments to reconcile net loss to net cash Â




provided from (used by) operating activities:




Depreciation and amortization6793207255
OPEB and pension amortization and curtailment(31)(4)(346)(16)
OPEB reinstatement155-305-
Reorganization expenses542312330
Equity in net income of non-consolidated affiliates, net of




 dividends remitted(25)(26)(87)(46)
Asset impairments and loss on divestitures--25-
Deconsolidation gain---(95)
Other non-cash items(15)(5)(1)(1)
Changes in assets and liabilities:




Accounts receivable27(103)(79)(142)
Inventories(25)(18)(75)6
Accounts payable11145550
Other(35)33148(79)
Net cash provided from(used by) operating activities5084223(151)






Investing Activities




Capital expenditures(51)(29)(117)(87)
Cash associated with deconsolidation---(11)
Other, including proceeds from divestitures and asset sales191425
Net cash used by investing activities(32)(28)(75)(93)






Financing Activities




Increase in restricted cash(14)(7)(62)(102)
Short-term debt, net(4)(5)(9)(24)
Proceeds from issuance of debt, net of issuance costs1-956
Principal payments on debt(87)-(99)(119)
Other, including book overdrafts(14)2(32)(56)
Net cash used by financing activities(118)(10)(193)(245)
Effect of exchange rate changes on cash3919121
Net (decrease) increase in cash and equivalents(61)65(44)(468)
Cash and equivalents at beginning of period9796479621,180
Cash and equivalents at end of period$ Â 918$ Â 712$ Â 918$ Â 712




VISTEON CORPORATION AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(Dollars in Millions)
(Unaudited)






In this press release the Company has provided information regarding certain non-GAAP financial measures including "Adjusted EBITDA "and "free cash flow." Â Such non-GAAP financial measures are reconciled to their closest GAAP financial measure in the schedules below.






Adjusted EBITDA: Adjusted EBITDA is presented as a supplemental measure of the Company's performance that management believes is useful to investors because the excluded items may vary significantly in timing or amounts and/or may obscure trends useful in evaluating and comparing the Company's continuing operating activities across reporting periods. The Company defines Adjusted EBITDA as net income (loss) attributable to Visteon, plus net interest expense, provision for income taxes and depreciation and amortization, as further adjusted to eliminate the impact of asset impairments, gains or losses on divestitures, net restructuring expenses and other reimbursable costs, certain non-recurring employee charges and benefits, reorganization items, and other non-operating gains and losses. Because not all companies use identical calculations this presentation of Adjusted EBITDA may not be comparable to other similarly titled measures of other companies.











Three Months Ended
September 30Nine Months Ended
September 30







2010200920102009
Net loss$ Â (140)$ Â (38)$ Â (108)$ Â (148)
Interest expense, net316160102
Provision for income taxes19189463
Depreciation and amortization6793207255
Impairments and net transaction




 gains and losses--25(95)
Restructuring and other related costs, net327517
Net OPEB and other employee charges115-(30)-
Reorganization expenses 542312330
Adjusted EBITDA$ Â 149$ Â 129$ Â 476$ Â 224










Adjusted EBITDA is not a recognized term under GAAP and does not purport to be a substitute for net income (loss) as an indicator of operating performance or cash flows from operating activities as a measure of liquidity. Adjusted EBITDA has limitations as an analytical tool and is not intended to be a measure of cash flow available for management's discretionary use, as it does not consider certain cash requirements such as interest payments, tax payments and debt service requirements. Â In addition, the Company uses Adjusted EBITDA (i) as a factor in incentive compensation decisions, (ii) to evaluate the effectiveness of the Company's business strategies, and (iii) the Company's credit agreements use measures similar to Adjusted EBITDA to measure compliance with certain covenants.






Free Cash Flow: Free cash flow is presented as a supplemental measure of the Company's liquidity that management believes is useful to investors in analyzing the Company's ability to service and repay its debt. The Company defines free cash flow as cash flow from operating activities less capital expenditures. Because not all companies use identical calculations, this presentation of free cash flow may not be comparable to other similarly titled measures of other companies.





Three Months EndedNine Months Ended

September 30September 30







2010200920102009
Net cash provided from (used by)




 operating activities$  50$  84$  223$  (151)
Capital expenditures(51)(29)(117)(87)
Free cash flow$ Â (1)$ Â 55$ Â 106$ Â (238)










Free cash flow is not a recognized term under GAAP and does not purport to be a substitute for cash flows from operating activities as a measure of liquidity. Free cash flow has limitations as an analytical tool and does not reflect cash used to service debt and does not reflect funds available for investment or other discretionary uses. Â In addition, the Company uses free cash flow (i) as a factor in incentive compensation decisions, and (ii) for planning and forecasting future periods.




SOURCE Visteon Corporation (VSTO:$65.00,00$2.60,004.17%)


Get more news on:SYMBOLS: VSTONEWS TYPE: Earnings Release, Earnings NewsSECTORS: Automobiles, Auto Components, Consumer Discretionary, Capital Markets, Financials

[0007 License to flip]

Why do my 2 warrants list as having $2000 value when they are trading at 18.00? My Zecco account shows them worth $1k a piece...

[mr10001]

How the halla does that translate into visteon pps?


You keep talking about it

What does it mean?

[1jk1]

Halla climate stock valued today @ 1.38 billion$ approx. http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=018880:KS Halla Climate Secures $30 Million Supply Order from Chrysler
03/18/2010
Halla Climate Control Corporation has secured a supply order worth $30 million from Chrysler. The company announced that it will begin the supply of compressors for car air conditioners to the automaker starting from 2011.

Halla Climate Control Corp. Wins KRW 170 Billion
08/12/2009
Halla Climate Control Corp. has won a deal valued at KRW 170 billion (USD 136 million) to provide auto air conditioner parts to Volkswagen AG. The deal calls on Halla Climate Control to provide the parts to Europe's largest carmaker over six years starting from 2011.
23,100=$18.48 USD pps x 74,760,000 shares = 1.38 billion $ approx.Hit another 52 week high! UNBELIEVABLE! GLTA

[1jk1]

Ford's quarterly profit climbs by 71%
7:55 am ET 10/26/2010 - MarketWatch Databased News
NEW YORK (MarketWatch) -- Ford Motor Co. said Tuesday third-quarter net income rose 71%, accelerating past analyst targets, as the resurgent auto giant moved to pay down debt and meet its pension obligations.

Ford saw its profit rise to $1.7 billion, or 43 cents a share, from $997 million, or 29 cents, earned in the year-ago third quarter.

Excluding items, net income would have totaled 48 cents a share in the latest period.

Quarterly revenue fell slightly, to $29 billion from $30.3 billion. Excluding Volvo revenue from 2009, revenue grew by $1.7 billion, the Dearborn, Mich.-based company said.

Analysts had expected net income of 36 cents a share and revenue of $27.9 billion, according to consensus figures derived in a survey by FactSet Research.

"This was another strong quarter and we continue to gain momentum," said Chief Executive Alan Mulally.

Ford also said it would pay down $2 billion of debt. It'll use cash to fully prepay the remaining $3.6 billion of debt owed to a health-care trust for retirees.

"The key drivers for improvement in 2011 will be our growing product strength, a gradually strengthening economy and an unrelenting focus on improving the competitiveness of all our operations," Mulally said in the earnings release.
glta

[Grauzone]

October 26th Situation Report on Visteon!

Hiya IHUB,

Here is a post I just posted on the yahoo message board as well giving an update on things happening that affect Visteon. I see that things have been VERY SLOW on IHUB for posts? Here is some interesting food for thought! Enjoy


Hiya Guys,

I hope that everyone is doing well? I just wanted to update everyone on the current or pending happenings of Visteon:

* September Visteon MOR will be out by this Friday the 29th of October at the Latest.

* Q3 Visteon Numbers should be released by Friday the 29th of October as well.

* Appeal by Mark Taub and Andrew Shirley is ongoing and info about the court docs regarding this appeal can be read here:

http://www.kccllc.net/Docket/SearchResul...

along with updates kindly and generously giving by both Posi and Russ, thanks to them both once again.

* Halla (Korean Climate Control Company that Visteon has a 70% stake in) has just set another 52-week or much rather a new 6-year high and is adding or showing more and more value! Here is the link to the quote for Halla:

http://finance.yahoo.com/q;_ylt=AsGfYkbq...

* Ford has announced that October has been the best sales month for them this year to date and also plans to create 1200 more jobs in Michigan They are announcing their numbers tomorrow morning and after hours today they finished at $14.42 and are set to break their 52-week high which is currently at: $14.57! Here is the Link to the quote as well as their Investors site, Remember that Ford and Hyundai-Kia represent a little over half of the auto business numbers for Visteon!

http://finance.yahoo.com/q;_ylt=Asw1hPuC...

http://www.ford.com/about-ford/investor-...

* Hyundai will be releasing their Q3 results on October 29th. They have set a new 52-Week high today here:

http://worldwide.hyundai.com/company-ove...

Here is the Link for Hyundai Investor relations and shows the notice for the Q3 announcement:

http://worldwide.hyundai.com/company-ove...

* Kia will also be releasing their Q3 numbers this week and their stock has set a 52-week high as of Today as well:

http://www.kmcir.com/eng/kire4000/kire41...

These are just some of the things that are happening right now and that affect Visteon! Have a Good One Guys!

Gregory
Go Visteon "Orphaned or Ordinary" Shareholders!

[U2StpM]

Value?

You have to ask smart people, like G7, things like that. A few people, or at least one have paid $16, $17, $15, for them so far, it seems.

It's early day, yet, warrants do seem some what more popular than the stock. At least 1/3rd more traded

[U2StpM]

You got the 'new' Visteon shares and the warrants when Visteon's POR was approved and the company exited BK. Your old shares were canceled and converted to the 'new' shares and warrants. For a more complete explanation due your DD on the company and ask your broker.

[qrgtbh1]

Today as I signed on to check my small portfolio I find VSTOW listed higher in my holdings with a value of $16.75 a share. I got 23 regular shares out of 3000 and 36 warrants. The value of the warrants is $603. Can anyone explain what it means to me. I am new to this game. Thanks in advance.

[1jk1]

vstow warrants 10/19/2010 $25. Soleil Raises Price Target on Ford (F) to $20 - New Street High
8:59 am ET 10/20/2010- StreetInsider
An analyst at Soleil Securities set a new Street-high price target on shares of Ford (NYSE: F) this morning. The firm raised its target from $18 to $20 and maintained a Buy rating.

Notably, Deutsche Bank previously held this title with a $19.50 price target.

Ahead of Q3 earnings expected out on Tuesday, October 26, Soleil said it raised EPS estimates on Ford, and as a result, the price target.

FY10 from $1.75 to $1.95

FY11 from $1.95 to $2.20

FY12 from $2.10 to $2.35Soleil argues that "Ford's cost and revenue restructuring have positioned the company to be a prime beneficiary of an improving industry environment, and a faster-than-expected improvement in its balance sheet..."

With shares of Ford trading up 0.9% to $13.44 this morning, Soleil's new price target represents potential upside of about 49%.

Visit our Analyst Ratings page to track all the analyst action on shares of Ford.
glta

[jay1000]

VSTOW WARRANTS have some value already ?

According to Fidelity QUOTES:

USDVISTEON CORP WT EXP 000015

Last [Tick] $25.0000[+]
Change Up$10.0000
% Change Up66.67%
Bid $16.00
Bid Size 200
Ask $0.00
Ask Size 0
Open $15.0000
Volume 529
Day High $16.0000
Day Low $15.0000
Previous Close $15.0000

Not sure could be a messed up quote

[marmaj]

Did you buy any VSTO already?

Did any retail investor you know of?

-mm-

[Gileon7]

My thoughts are this will be a great long term investment. This company will reap the benefits of the improved automobile industry, the improved asian automobile market and the removal of debt. Basically this was a well organized takeover. The bond holders and management saw an opportunity to seize a valuable company and to do so with pennies on the dollar. And they took it, boy did they take it....

[Grauzone]

18 October Visteon Status Update

I just posted this on the yahoo board as well and wanted to share this post with my IHUB mates as well:

Hiya Everyone,

I hope everyone is doing well? Just an update of things going on or things that are going to happen soon:

*The Appeal for Mark and Andrew is ongoing and you can all follow the court docs either on PACER or here:

http://www.kccllc.net/Docket/SearchResul...

*The Visteon September MOR will be out by Friday October 29th at the latest.

* The Q3 Visteon Numbers will be out anywhere between October 25th - October 31st.

* There was a court Hearing today at 2pm in Judge Sontchi's court which is listed in court doc # 4414 among 2 things to be discussed one was "The Motion for appointment of a retiree committee!"

Have a Good One Guys, I hope everyone is Well

Gregory
Go Visteon "Orphaned or Ordinary" Shareholders!

[marmaj]

Yes, it does look suspicious. Whether or not they cooked the books, or asked their clients to defer payments, it looks suspicious.

In your mind, does the new Visteon valuation warrants the share price of $63.00 (today's close)?

-mm-

[Grauzone]

Hiya Guys,

For The Serious Visteon Investors which are wondering about the happenings of Mark Taub and Andrew Shirley in the District Appeal's Court here is the link ,which unlike PACER is free, which shows all of the court docs released to date in the appeal's court. I had mentioned this before here on IHUB but at that time we were at court doc # 21 now we are up to court doc # 31 as of the 14th of October. I have read all 31 and recommend and suggest all serious Visteon Investors to read them as well. There is great, enlightening and encouraging information throughout these court docs. Have a Good One IHUB Here is the Link:

http://www.kccllc.net/Docket/SearchResults.asp?T=2584

Gregory
Go Visteon "Orphaned or Ordinary" Shareholders!

[Gileon7]

Here is all the proof I need. My opinion obviously is not a court of law, I use the duck theory, "If it looks like a duck and quacks like a duck, It's a duck!"

Visteon Systems, LLC in May had a Net Sales number of $698,845,000 in June Visteon Systems, LLC had a Net Sales number of $55,923,000. A decrease of 92%!

June was when the numbers changed drastically in my opinion to help the company get out of bk. I am convinced it is from "cooking the books". Agree with me, disagree with me, makes no difference now. Watch the 1st quarter numbers from the "new visteon" I predict they will be excellent.

[marmaj]

How do you know they cooked the books? Can you provide some tangible proof of it?

-mm-

[Gileon7]

This company is reaping profits. They have been profitable, will continue to be profitable and will exceed the BS numbers they were releasing before exiting bk. They cooked the books, sauteed the books, flame broiled the books and every other way possible. They are a big player in an industry that has trimmed a ton of fat and is moving forward at a pace much faster than the economies of the US, Europe, Asia or any where in the world.

[marmaj]

And, if you got in under $0.40 you would still be better selling the old stock the day before it got de-listed at $0.68 per old VSTNQ share, and then buying the new VSTO stock for $57 or so - that is if you absolutely, positively have to own this thing.

Which really is a fundamental question: why would anybody insist on buying and owning this stock right now? It was dripping cash, it is dripping cash and it will be dripping cash at least for a while. Same management, same model business, same industry, same old trouble, if you ask me. Unless they invent a better mouse trap, but I don't see it on the horizon.

-mm-

[1jk1]

Visteon a unique opportunity>>>>>>>>>>>>>>>>>>>>>>>>>>>> h
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_V/threadview?m=te&bn=112273&tid=39&mid=39&tof=27&frt=1#39
I hope this link works. It explains why this stock is rising. **posted from other board! glta

[1jk1]

Rule 144A: http://financial-dictionary.thefreedictionary.com/Rule+144A
An administrative rule under the SEC allowing, under certain circumstances, for qualified institutional investors to trade certain securities with other institutional investors without registering the trade with the SEC. The rule requires that the private placement be for investment purposes and not for resale to the general public. These securities are traded on the NASDAQ Portal Market; only NASDAQ members who are qualified institutional investors have access to it. Some firms may trade under Rule 144A as a prelude to an IPO.
Farlex Financial Dictionary. © 2009 Farlex, Inc. All Rights Reserved


--------------------------------------------------------------------------------

Rule 144A. Rule 144A of the Securities Act of 1933 makes it easier for private companies to raise money in US capital markets and for institutional investors to trade restricted securities not registered with the Securities and Exchange Commission (SEC).

Specifically, the rule allows private companies, both domestic and international, to sell unregistered securities, also known as Rule 144 securities, to qualified institution buyers (QIBs) through a broker-dealer. The rule also permits QIBs to buy and sell these securities among themselves. To be a QIB, the institution must control a securities portfolio of $100 million or more.

The NASDAQ Portal Market is an electronic trading platform for Rule 144A securities. Only NASDAQ members and QIBs have access to this platform.

Companies issuing unregistered securities may raise enough capital in the 144A market to remain private. They may also use a 144A offering as an intermediary step toward an initial public offering (IPO).

glta

[1jk1]

http://www.investorpoint.com/stock/VSTOZ-Visteon Corp. COM 144A/ glta

[Seminole Red]

hey....i only got on this one cause it was an auto stock...lear made me some money to before they came out with a new ticker...

i thought everyone made money here...

it would be nice to find another

[U2StpM]

Excellent post, excellent post

Now if only some genius with math, like maybe mr10001 or redfisher, (he was so good at finding this stock 'wiped out', worthless)could translate that formula to a number.

[1jk1]

Halla climate stock valued today @ 1.33 billion$ approx. http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=018880:KS Halla Climate Secures $30 Million Supply Order from Chrysler
03/18/2010
Halla Climate Control Corporation has secured a supply order worth $30 million from Chrysler. The company announced that it will begin the supply of compressors for car air conditioners to the automaker starting from 2011.

Halla Climate Control Corp. Wins KRW 170 Billion
08/12/2009
Halla Climate Control Corp. has won a deal valued at KRW 170 billion (USD 136 million) to provide auto air conditioner parts to Volkswagen AG. The deal calls on Halla Climate Control to provide the parts to Europe's largest carmaker over six years starting from 2011.
22,200=$17.76 pps x 74,760,000 shares = 1.33 billion $ approx.Hit another 52 week high! glta