VAN BUREN TOWNSHIP, Mich., Jan. 7, 2011 /PRNewswire/ — Visteon Corporation announced today that its common stock will begin trading on the New York Stock Exchange under the symbol “VC” on Jan. 10, 2011.
“Our listing on the world’s most prominent stock exchange is a significant milestone for Visteon,” said Donald J. Stebbins, Visteon chairman, chief executive officer and president. “With our strong customer relationships, competitive cost structure, diverse product offering and global footprint, Visteon is well-positioned to deliver long-term shareholder value.”
Visteon emerged from bankruptcy under Chapter 11 on Oct. 1, 2010, following a 16-month reorganization process during which the company restructured its capital structure, de-leveraging its balance sheet by more than $2 billion.
Visteon 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.
SOURCE: Visteon Corporation