VAN BUREN TOWNSHIP, MI -- Visteon Corp. announced it has completed the restatement of its financial statements for the years ending Dec. 31, 2004, 2003 and 2002.

In the filings, Visteon reported a net loss for the first nine months of 2005 of $1.6 billion, or $12.78 per share, including nearly $1.2 billion in special charges, and a net loss for full year 2004 of $1.5 billion, or $12.26 per share, including nearly $1.3 billion in special charges.

Visteon recently completed its independent review of the accounting for certain transactions originating in the company's North American purchasing group and determined that expenses for freight, raw materials and other supplier costs originating in North America were recorded in periods after Dec. 31, 2004, and should have been recorded in prior periods.

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