The Visteon Corp. board of directors has authorized a share repurchase program of $300 million of common stock expiring Dec. 31, 2026. 

The company said it plans to fund the repurchases through excess cash on hand and future cash flow generation.

“We are pleased to announce this new share repurchase program, further underscoring our commitment to driving value for our shareholders,” said Sachin Lawande, Visteon president and CEO. “This authorization demonstrates our board’s confidence in Visteon’s strategic growth plan as we deliver digital, software-defined, and electric product solutions that align with key trends in the industry.”