Automotive supplier Visteon posts narrows Q2 losses

Highlights - Continued year-over-year financial improvement. - Net loss narrowed by $25 million. - Operating income improved $44 million. - EBIT-R improved $63 million. - Cash provided by operations of $133 million; free cash flow of $53 million. -  Product sales outside North America account for 76 percent of total. - $1.5 billion cash balances; bond transactions significantly reduce 2010 maturities. - Sale of Swansea, UK; 27 of 30 restructuring actions now completed. - Maintains full year 2008 EBIT-R and free cash flow guidance.