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Visteon® Exhibit 99.1 NEWS RELEASE Visteon Announces Second - Quarter 2021 Results Sales of $ 610 million ; 59 % increase Y / Y excluding currency Net loss of $ 11 million Adjusted EBITDA of $ 30 million , a Y / Y increase of $ 33 million Net cash position of $ 115 million at the end of Q2 First - half new business wins of $ 3.2 billion - Industry's largest all - digital cluster multi - region program with global OEM Continued global growth of Android - based infotainment Fourth two - wheeler customer added for digital cockpits VAN BUREN TOWNSHIP , Mich . , July 29 , 2021 — Visteon Corporation ( NASDAQ : VC ) today announced second - quarter net sales of $ 610 million , representing a year - over - year increase of 59 % excluding the impact of currency . Total industry production increased 49 % while Visteon's top customer production increased 55 % in the same period . The company's sales performance represents a 4 % 1 growth- over - market compared to the production volumes of its customers . Gross margin in the second quarter was $ 35 million , and net loss attributable to Visteon was $ 11 million or $ 0.39 per diluted share . Adjusted EBITDA , a non - GAAP measure as defined below , was $ 30 million for the second quarter or 4.9 % of sales , an increase of $ 33 million compared to the prior year . Improvements in adjusted EBITDA margin were largely driven by higher volume , cost efficiencies initiated in 2020 , and higher engineering recoveries . Incremental supply chain costs related to semiconductor shortages and the reversal of temporary austerity measures taken last year in response to the pandemic partially offset some of these improvements . The company won $ 3.2 billion in new business during the first half of the year . This includes a $ 640 million second - quarter expansion of a previously awarded digital cluster program , bringing total lifetime value for that program to $ 1.5 billion . The company also increased its presence in the two - wheeler market by adding a fourth customer for an all - digital cluster featuring embedded connectivity – a win that reflects the digital- cockpit transformation underway in the motorcycle category similar to what is occurring with passenger vehicles . - Visteon launched seven new products in the second quarter , and remains on track to deliver approximately 50 new programs for the full year . Second quarter launch highlights include a next - generation 3D high - definition digital cluster for Peugeot , and the introduction of the company's connected Android - based infotainment system on vehicles manufactured by Skoda and Geely . The infotainment system provides enhanced in - car connectivity , streaming , over - the - air updates and other services . For the first half , cash generated by operations was $ 1 million and capital expenditures were $ 33 million . Adjusted free cash flow , a non - GAAP financial measure as defined below , for the first half of 2021 was a use of cash of $ 7 million , compared to a use of cash of $ 66 million for the same period in 2020. The company ended the second quarter with cash of $ 470 million and debt of $ 355 million , representing a net cash position of $ 115 million . " The strength of Visteon's digital product portfolio supports the industry trends of digitalization and