Exhibit 99.1
NEWS RELEASE
(VISTEON LOGO)
Visteon announces fourth-quarter and full-year 2008 results
Fourth Quarter Financial Summary
  Product sales of $1.55 billion
  Net loss of $328 million; EBIT-R of negative $94 million
  Non-cash impairment charge of $200 million for Interiors business
  Cash generated by operating activities of $37 million
  Year-end cash balance of $1.18 billion
Restructuring and Other Cost-Reduction Actions
  Three-year plan completed; 30 restructuring actions finished ahead of schedule
  Salaried workforce reduction on track
  Additional cost-saving measures implemented
VAN BUREN TOWNSHIP, Mich., Feb. 25, 2009 — Visteon Corporation (NYSE:VC) today announced fourth-quarter and full-year 2008 results. For fourth quarter 2008, Visteon reported a net loss of $328 million, or $2.53 per share, on sales from continuing operations of $1.7 billion. The fourth quarter 2008 net loss includes a non-cash asset impairment charge of $200 million for long-lived assets utilized in the Interiors business. For fourth quarter 2007, Visteon reported a net loss of $43 million, or 33 cents per share, on sales of $2.9 billion. EBIT-R, as defined below, for fourth quarter 2008 was negative $94 million, compared with $15 million in fourth quarter 2007. For the full year 2008, Visteon reported a net loss of $663 million, or $5.12 per share, on sales of $9.5 billion compared with a net loss of $372 million, or $2.87 per share, on sales of $11.3 billion for full year 2007.
“Visteon’s financial results for the fourth quarter 2008 were significantly affected by the global economic slowdown as automakers quickly reduced production levels in nearly every market,” said Donald J. Stebbins, chairman and chief executive officer.
Visteon continues to execute cost-reduction actions in response to the current market conditions beyond those associated with the previously announced three-year improvement plan. These additional cost-reduction actions include global salary and hourly workforce reductions, shortened work weeks, temporary reductions in pay, elimination of 401(k) matching and merit increases, along with other cost- saving measures.
Additionally, during 2008 Visteon completed the remaining restructuring activities under its three-year improvement plan, bringing the total number of completed actions to 30. These actions were completed ahead of schedule, at lower cost, and with greater savings than initially planned.
“The restructuring actions completed under the three-year improvement plan have resulted in significant diversification of our business across customers and regions, which makes Visteon an important partner during these extremely difficult market conditions,” added Stebbins.

 


The following information was filed by Visteon Corp (VC) on Wednesday, February 25, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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